Binance launched its mining group " Binance Pool ". The group will have zero tariffs to 31 of maypole , date from which shall take effect on the rate of 2.5% . However, as announced in a press release, the large miners will be able to contact the firm to negotiate an extension of the period.
Binance Pool supports proof of work (PoW) and stake (PoS) mining mechanisms . The world's largest Exchange has more than 1,000 employees , 15 of whom are fully working on the new project .
The working group is integrated with the rest of the Binance platform , so miners will be able to easily transfer funds between Binance Pool and the company's various platforms , such as Binance Futures , Spot and Margin trading, Binance Lending, Binance Staking and OTC services.
According to Binance Pool Director Lisa He , the new team's goal is to establish a comprehensive platform that enables the mining industry to bring traditional mining closer to financial services . In the same vein, the CEO of Binance , Changpeng Zhao said that "empowerment mining permit significant growth and scale in the industry in general."
However, the responses of the crypto ecosystem were not as expected . Specialists and protagonists of the crypto scenario pointed out that the new system may result in further centralization of the bitcoin hash rate among a small number of groups.
Lisa He quickly came out to muffle the criticism, noting that Binance Pool will understand a "decentralizing force" in the mining sector:
"With industry players like Binance continuing to enter the mining space and bringing computing power to the industry, the mining industry is becoming more decentralized than it was two years ago. Larger groups have less than 20% of the computing power of the entire network, and assets on the Bitcoin network become more secure, "he said.