Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: coingabbarmarket on October 17, 2022, 01:06:05 PM

Title: Leading Cryptocurrency Exchange Unveils $500 Miner Lending Project
Post by: coingabbarmarket on October 17, 2022, 01:06:05 PM

Earlier on Friday, October 14, Binance, the world's largest cryptocurrency exchange, made an exciting statement to promote the crypto mining sector.

Binance Pool has announced the start of a $500 million miner financing program to aid Bitcoin mining and other mining infrastructure providers.


Read More - https://www.coingabbar.com/en/crypto-currency-news-english/leading-cryptocurrency-exchange-unveils-dollar-miner-lending-project

Title: Re: Leading Cryptocurrency Exchange Unveils $500 Miner Lending Project
Post by: Ghozrd on October 18, 2022, 05:02:30 AM

The current market situation, maybe it's not profitable, some Ethereum miners are selling their GPUs because they are no longer profitable and the impact of The Merge makes miners have to choose what coins are profitable, I think Binance is doing this to encourage the mining community to exist and coins with POW consensus will remain.