#BinancePoolFractalBitcoin
Laurice Ladieu WyM5
19 Nov
Binance Pool recently launched merged mining for Fractal Bitcoin (FB) on November 18, 2024. This initiative allows miners to simultaneously mine Bitcoin (BTC) while earning rewards in Fractal Bitcoin, a layer-2 Bitcoin scaling solution designed to enhance blockchain scalability without compromising security.
Key features of the initiative include:
1. **Merged Mining Setup**: Miners use SHA-256 ASIC machines to mine BTC and earn FB as a secondary reward. The process uses a Pay-Per-Last-N-Shares (PPLNS) payout model with a minimum payout threshold of 0.1 FB, which requires an external FB-compatible wallet.
2. **Advantages**: The dual-mining system secures both Bitcoin and the Fractal Bitcoin networks, boosting network security and operational efficiency. Miners can monitor their performance through Binance Pool's user-friendly interface.
3. **Fractal Bitcoin Utility**: FB is a Bitcoin sidechain, maintaining consistency with Bitcoin's blockchain while incorporating features like the OP_CAT opcode to support advanced functionalities like ZK rollups.
4. **Access Requirements**: Participants need verified Binance accounts and an external wallet for FB, as the token is not listed on Binance's trading platform yet.
This development highlights Binance's focus on innovation in blockchain mining while addressing scalability challenges in cryptocurrency networks. For detailed guidance on starting mining with Binance Pool, visit their official resources.#BinancePoolFractalBitcoin $BTC