Binance Introduces Merged Mining Feature for Fractal Bitcoin Rewards
Binance has introduced a feature on Binance Pool enabling merged mining for Fractal Bitcoin (FB). Users can mine Bitcoin (#BTC) and earn rewards in FB, enhancing their earning potential.
The exchange announced that starting November 18, users with verified accounts can access this service by registering for a Binance Pool account. Participants must link an external Fractal Bitcoin wallet to receive FB rewards, with guides provided to assist in the setup process.
Fractal Bitcoin is not tradable on Binance.com, and the new mining feature does not ensure future listing. It operates on a PPLNS (Pay Per Last N Shares) payout model with a minimum payout of 0.1 FB, rewarding miners based on share contributions. Binance stated:
“Fractal Bitcoin (FB) is not currently listed (tradable) on Binance.com. The launch of Fractal Bitcoin (FB) mining service on Binance Pool does not guarantee a token listing on Binance.com. Fractal Bitcoin (FB) uses a PPLNS payout model with a minimum payout of 0.1 Fractal Bitcoin (FB).”
Users must set up a valid FB address to receive earnings; rewards cannot be credited without it. If a user's Fractal Bitcoin balance falls below 0.1 FB, earnings will remain until the threshold is met.
Terms and Conditions for Participants and VIP Opportunities
Participants must provide a third-party address in their Binance Pool account for FB rewards. Binance reserves the right to disqualify users tampering with program code or interfering with system operations. The team stated:
“Users must provide a valid third-party address in their Binance Pool account to receive Fractal Bitcoin (FB) rewards. Binance reserves the right to disqualify any participants who tamper with Binance program code, or interfere with the operation of Binance program code with other software.”
High-performing miners can achieve VIP status, unlocking exclusive benefits by meeting required hashrate thresholds. Interested parties can apply via email to Binance Pool’s support team. This reward system aims to optimize miners' efforts by combining Bitcoin's stability with Fractal Bitcoin's speculative potential.