Binance Pool Launches Merged Mining for Junkcoin (JKC) and Pepecoin (PEP)

Binance Pool Launches Merged Mining for Junkcoin and Pepecoin

Binance Pool has recently expanded its mining offerings by officially introducing merged mining for Junkcoin (JKC) and Pepecoin (PEP). This innovative update allows miners not only to mine Litecoin (LTC) but also earn additional rewards simultaneously in LTC, DOGE (Doge), BELLS (Bellscoin), LKY (Luckycoin), JKC, and PEP.

How to Start Merged Mining

1. Log In and Register: Use your verified Binance account to register for a Binance Pool account.
2. Mine Litecoin (LTC): Follow the detailed steps provided in the Binance FAQ on Litecoin mining.
3. Add an External Wallet: Configure your payout address using the Binance FAQ guide.

Monitor Your Performance

To keep track of your mining performance, you can:

• Check hashrates via Workers.
• Track your earnings through Earnings.

Key Details About Merged Mining

Here are some essential points to know about the new merged mining feature:

• Eligibility for VIP Status: Users with a qualifying hashrate can apply for VIP benefits by contacting poolvip@binance.com.
• Non-Listed Tokens: JKC, PEP, BELLS, and LKY are currently not tradable on Binance.com. Please note that mining these tokens does not guarantee future listings on the exchange.
• Payout Thresholds: Minimum payouts are set at 1 BELLS, 5 JKC, 1 LKY, and 20,000 PEP. Payout addresses must be configured for respective tokens to accumulate rewards.
• Earnings Independence: It’s important to remember that your LTC earnings are separate and unaffected by earnings from DOGE, BELLS, LKY, JKC, and PEP.

Important Notes for Users

• Please ensure that your payout wallet supports the specific tokens to avoid potential loss of rewards.
• Earnings below the minimum payout thresholds will remain in users' balances until thresholds are met.

Conclusion

The introduction of merged mining for Junkcoin and Pepecoin expands the opportunities for miners in the Binance ecosystem. By leveraging this feature, users can diversify their rewards while continuing to mine Litecoin, reinforcing Binance Pool's commitment to innovating the mining landscape.