Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin Mining => Topic started by: sirty143 on May 11, 2020, 04:13:07 AM

Title: Binance’s Mining Pool Could Disrupt the Entire Mining Industry
Post by: sirty143 on May 11, 2020, 04:13:07 AM

Binance’s Mining Pool Could Disrupt the Entire Mining Industry

(https://i.imgur.com/QZ8Kn4Vl.jpg)

Binance’s entrance to the Bitcoin mining industry could create a great disparity for the Bitcoin community... See more for yourself here (https://cointelegraph.com/news/binances-mining-pool-could-disrupt-the-entire-mining-industry).

Your opinion is greatly appreciated.

Title: Re: Binance’s Mining Pool Could Disrupt the Entire Mining Industry
Post by: ShadowCrypto on May 13, 2020, 05:03:00 AM

To start with, the impact may be minimal. Binance’s initial target market will be miners who currently mine via the pools of other Chinese exchanges, such as Huobi and OKEx. There is fierce competition among those exchanges, and Binance launching a pool can be viewed through this lens. Binance even recruited directly from within Huobi as well as Bitmain to build its own pool’s business #DevelopmentTeam .