KuCoin Launches Mining Pool With Eco-Friendly Incentives

Crypto exchange KuCoin has announced the launch of a Proof-of-Work mining pool, promising fee discounts to miners using renewable energy. 

KuCoin Launches a Mining Pool 

KuCoin, the sixth largest crypto exchange by volume, has announced the launch of a Proof-of-Work mining pool. The move follows similar plays from Binance, OKEx, and Huobi; which have all previously launched their own mining pools. 

The new pool claims to offer lower mining fees and more efficient rewards for participants. Anyone connecting more than a petabyte of hashpower can receive a 50% discount on mining fees until Nov. 24, with higher discounts for those entering with more mining power. The KuCoin website currently lists the pool’s mining fee at 2%, making it competitive with other leading pools after the discount is applied. 



Johnny Lyu, CEO of KuCoin, commented on the pool launch, explaining: 

“For existing KuCoin users, it will become straightforward to set up their mining devices to generate passive income right away. Miners can benefit from the one-stop mining service platform and its features to get up and running very quickly.”

He went on to say that KuCoin’s pool aims to provide incentives for environmentally-friendly mining in the future. “Any miner relying on renewable energy will receive mining fee discounts,” he stated.

Additionally, KuCoin plans to introduce cloud mining compatibility for its pool in the future, further lowering the entry threshold for would-be crypto miners. 

Disclaimer: At the time of writing this feature, the author owned BTC and ETH.


The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: Read Full Article