Users of Binance may mine Litecoin for Dogecoin and Bellscoin


Users can now receive prizes in Litecoin and Dogecoin as Binance Pool officially starts Bellscoin combined mining.

Nearly one week before the meme currency initiative, Billy Markus, the developer of Dogecoin, produced Bellscoin.

On Monday, the value of Litecoin and Dogecoin dropped by over 2%.

Merge mining on Binance Pool also yields rewards in Dogecoin (DOGE) and Bellscoin (BEL), in addition to Litecoin (LTC). To maximize user advantages and payouts, miners engage in Merge mining, which involves contributing computing resources to many blockchain networks at once.

According to Binance's official release, BEL is not yet listed on the trading platform, and holding the asset does not ensure inclusion.

Users of Binance may receive prizes in DOGE and BEL, the previous project of Dogecoin's inventor.

The formal start of Litecoin merge mining was announced by Binance Pool. In addition to Litecoin, miners may also earn Dogecoin and Belcoin.

Although Billy Markus, the man behind Dogecoin, had already begun working on the Bellscoin project over seven days before the meme coin's inception, the trading platform does not yet include BEL.

The official release explains how users may join the Litecoin mining pool that launched on September 29. The amount that users may earn is linked to the payment that the mining pool actually makes.

The exchange wants its customers to know that just because they get BEL incentives doesn't mean they'll be listed on the exchange.

On Monday, Litecoin and Dogecoin both saw minor declines, losing around 2% of their value.

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