Binance Pool, the cryptocurrency exchange’s mining platform, has announced the launch of merged mining support for Junkcoin (JKC) and Pepecoin (PEP). This new feature allows miners to simultaneously mine Litecoin (LTC) while earning rewards in multiple cryptocurrencies, including LTC, Dogecoin (DOGE), Bellscoin (BELLS), Luckycoin (LKY), Junkcoin (JKC), and Pepecoin (PEP).
Expanded Mining Opportunities
Merged mining, also known as auxiliary proof-of-work (AuxPoW), enables miners to process transactions for multiple blockchains with a single computational effort. This increases efficiency and provides an opportunity to maximize earnings by mining additional coins alongside primary ones like Litecoin.
By introducing Junkcoin and Pepecoin to its merged mining program, Binance Pool continues to diversify its offerings, catering to miners looking for alternative coins and higher potential rewards.
Incentivizing Miners
The addition of JKC and PEP reflects Binance Pool’s ongoing efforts to support emerging cryptocurrencies and incentivize participation in its mining ecosystem. This move is expected to attract miners seeking to leverage their resources for greater profitability while supporting the growth of smaller blockchain networks.
Getting Started
Miners can join Binance Pool to take advantage of this new feature by configuring their mining setups to enable merged mining. Additional details and configuration guidelines are available on the Binance Pool platform.
As merged mining continues to gain traction, Binance Pool’s inclusion of Junkcoin and Pepecoin positions it as a versatile platform for both established and emerging cryptocurrencies.
