Litecoin Miners Earn 3X Rewards with New Binance Pool Feature
Binance Pool has launched a new feature for Litecoin (LTC) miners. Merged mining with Bellscoin (BEL). By joining, miners can earn rewards in Litecoin, Dogecoin (DOGE), and BEL. While BEL is not listed on Binance, this marks a key moment for the asset, created by Billy Markus, the same person behind Dogecoin.
Bellscoin was created eight days before Dogecoin, making it an intriguing part of crypto history. Yet, unlike DOGE, BEL hasnt gained the same popularity and remains off major exchanges. The launch of merged mining for BEL doesnt mean it will be listed on Binance anytime soon, according to the exchanges statement. Binance clearly states that earning BEL through mining does not guarantee a future listing for the token.
In merged mining, users contribute their computational power to multiple networks, allowing them to earn rewards from different blockchain projects simultaneously. This setup enhances profitability for miners, especially those interested in Litecoin, Dogecoin, and now Bellscoin.
Litecoin and Dogecoin Prices Dip 2% After Mining Launch
The new feature went live on September 29, and Binance has provided users with clear instructions on how to participate. User payouts depend on the performance of the mining pool. For Litecoin miners, this creates a new opportunity to diversify their earnings, with BEL and DOGE adding extra rewards to the mix.
Interestingly, despite this announcement, the market saw slight declines in both Litecoin and Dogecoin prices. On Monday, both cryptocurrencies erased about 2% of their value. LTCs price hovered around $65, while DOGE fell slightly, closing near $0.06.
As more miners engage with the new merged mining feature, attention will turn to the future of Bellscoin. While its not yet a tradable asset on Binance, its link to Dogecoins creator could give it a boost in visibility. For now, miners can reap the rewards while the market watches for BELs next move.
Miners, however, are reminded that rewards in BEL remain just that, rewards, with no promise of a listing on Binance.
Read more: https://www.tronweekly.com/litecoin-miner-earn-reward-binance-pool-feature/
Text source: TronWeekly
