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Binance Pool announces the launch of its Cloud Mining Service


www.cryptonewsz.com 22 November 2022 09:10, UTC
Reading time: ~2 m

The latest service release from Binance Pool has recently generated market-wide interest. The platform’s Cloud Mining service has been launched to facilitate user access to mining equipment.

Users will earn mining incentives via Binance Pool as a result of the development. After the service’s effective debut on November 22 at 4:00 UTC, Binance Pool users will be able to subscribe to Cloud Mining to purchase hashrates and mine BTC in the cloud.

For the first month after subscribing to Cloud Mining products during the Activity Period, all customers will not be charged any management fees on their Mining Pool Rewards.

Management fees of 1.5% and mining pool fees of 2.5% are typically deducted from such rewards. Many people who are interested in cryptocurrencies are probably already familiar with Binance’s prominence. Interested users can click here to learn more about Binance, its latest offerings, and how it operates.

Binance Pool released an official post to inform users about the launch. The post also mentioned several terms and conditions about the service and mining products. According to Binance Pool, users who complete the following terms would be considered eligible:-

  • Users must have verified accounts to buy the subscription.
  • Binance reserves the right to reject a user’s application.
  • Binance can amend or cancel the promotion rules at any moment.
  • In the event of a translation discrepancy, the original English translation of the guidelines will take precedence.

Given Binance’s position in the market, many users can’t wait for the service to go live because it will help them make more money right away.

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