What Is Binance Pool?

Binance Pool is a comprehensive service platform dedicated to improving the income of miners. Binance Pool provides mining services to users with a focus on PoW. As an important part of the Binance ecosystem, Binance Pool makes full use of its advantages in technology, capital, the exchange business, industry resources, and other areas in order to offer its users not only the ultimate mining experience but also a one-stop hub for "mining-trading" services.

Binance Pool Advantages

Mining pools

• Ultra-high earnings
  • All miner earnings are distributed to miners using the FPPS, PPS+, PPS, PPLNS settlement models.
• A leader in technology
  • Binance Pool supports multiple mining algorithms and currencies. Multi-node deployment provides different options while ensuring network connection stability. The platform uses read-write separation, and users are protected from DDoS attacks using Cloudflare.
• Top-notch service
  • 24/7 customer service and technical support. High hashrate users can also enjoy exclusive VIP benefits and customized services.
• Sound ecosystem
  • Relying on Binance's ecosystem, Binance Pool acts as a bridge between users and various mining pools and platforms.

Miners

• Mining pool benefits
  • Lower fees, Pool Savings, independent nodes, and other services, etc.
• Trading benefits
  • High hashrate users can enjoy discounted fees when trading on the Spot or Futures market, or borrowing funds on Margin.
• Ecosystem benefits
  • Additional benefits throughout the Binance ecosystem.
• Others
  • Exclusive VIP manager support and better quotes for large volume (OTC) trading.

Binance Pool Address and Fees

Binance Pool has a growing network, mining nodes are deployed in America, Europe, Southern China, Northern China, etc. Miners registered on the Binance Pool are automatically connected to the nearest node to ensure stable and reliable mining operations.

Binance Pool Settlement

1. Settlement method

As Binance Pool uses the FPPS settlement model for BTC, miners’ income won’t be affected by the luck value. Earnings of theoretical income and trading fees are distributed to workers based on hashrate.

2. Calculation

• FPPS = (Valid Shares / Difficulty) * (Block Coinbase Rewards + Whole Network Average Transaction Fee per Block) * (1 - Mining Pool Fee Rate)
• PPS = (Valid Shares / Difficulty) * Block Coinbase Rewards * (1 - Mining Pool Fee Rate)
• PPS+ = (Valid Shares / Difficulty) * (Block Coinbase Rewards + Average Transaction Fee per Block Found by the Pool) * (1 - Mining Pool Fee Rate)
• PPLNS = (Valid Shares in the Last N Shares / Total N Shares) * Total Block Rewards Found by the Pool * (1 - Mining Pool Fee Rate)

The theoretical earnings and transaction fee rates for the day can be found in the block explorer. They should be under the average block transaction fee rate for the current settlement period.

3. Settlement cycle

00:00 (UTC) each day - 00:00 (UTC) the next day.

4. Payment time

Once earnings settlement calculations are complete, earnings will be credited to miner’s Funding Wallet by 10:00 (UTC) each day.

Binance Pool VIP

Users with high hashrate can apply for Binance Pool VIP to enjoy VIP benefits, such as access to independent lines (nodes), which are stable and hidden to prevent attacks.

Merged Mining

Binance Pool has always been committed to improving miners' income. With the launch of merged mining for BTC and LTC, miners can achieve higher profitability by using their hashrate to receive mining rewards in both tokens as well as additional bonuses from Binance Pool.

1. Gift ratios

The reward ratio for merged mining earnings is based on the official market index price. Please refer to the latest notices from Binance Pool for the exact ratios.

2. Configure merged mining

You can configure the ELA & Bellscoin (BEL) address using this tutorial “How to Add an External Wallet Address to My Binance Pool Account?” in [Mining Account Settings].

3. Payment

Please note that you’ll receive the current month’s ELA merged mining income and rewards within the first five business days of the next month. Please make sure to set up/update your wallet/deposit address before the 1st of each month, or your merged mining income/rewards will be forfeited.

Mining Account

Mining Account is used to classify and configure miners and connect your mining equipment to the platform. They can also be used to manage multiple proxy servers, monitor multiple mining farms, etc.

Please note that once a sub-account is created, it cannot be deleted or canceled. You can set up multiple accounts to suit your different needs.

Watcher Links

Watcher Links allow you to view the miner’s operation status and calculate hash rates in read-only mode without having to log in to your Binance Mining Account. For more details, please refer to What Is Watcher Link and How to Create It.

Hashrate

Rejection Rate

According to the operating principles of miners, tasks from the mining pool are continuously accepted, and the miner sends the results of the calculation back to the mining pool. However, there is a delay in communication between the miner and the mining pool. This network delay results in invalid submissions, which is known as the rejection rate.

Rejection rate refers to the proportion of invalid submission out of the total number of submissions. The lower the rejection rate, the higher the working efficiency of the miner.

Rejection Rate = Number of Rejections / Total Submissions = (Number of Expired Submissions + Number of Repeats + Other) / (Number of Submissions Received + Number of Expired Submissions + Other).