KuCoin Rewards Eco Miners With Low Fees
One of the biggest crypto exchanges KuCoin introduced the launch of its Proof-of-Work mining pool. He will offer pleasant bonuses to those who use electricity from renewable sources.
KuCoin continues to implement various initiatives to increase the share of green miners among all miners in the world. To support the trend of "clean energy", the exchange is ready to offer those who use it greater efficiency of mining in its pool and more loyal commissions for mining cryptocurrencies. Its launch was announced by the CEO of the marketplace, Johnny Liu.
To join the KuCoin Pool, miners need to install and run their equipment, integrating it into a common pool according to the “standard scheme”, receiving a reward for this. In the future, the company wants to lower the entry threshold for newly arrived crypto-miners, therefore it intends to offer a cloud mining format that will not require a physical capacity to mine digital currencies.
The CEO of the crypto exchange stressed that today the team is focused on providing environmentally friendly solutions for miners around the world. Therefore, anyone who supports such an initiative should be rewarded.
The largest mining pools today are Antpool, Poolin, F2Pool, and ViaBTC. They focused the power of the participants on the mining of the main cryptocurrency on the market. KuCoin is unlikely to catch up with its capacity, but it will be able to compete with market participants such as Binance, which launched its pool in April 2020.
Earlier this week, KuCoin reported reaching an impressive 10 million customer threshold, which has seen the exchange grow more than 1,110% in the past year alone, and Forbes named the trading platform one of the best crypto exchanges of 2021.
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