Cryptocurrency exchange's mining platform Binance Pool has announced the launch of merged mining support for Junkcoin (JKC) and Pepecoin (PEP).
Binance Pool Introduces Merged Mining for Junkcoin and Pepecoin
This new feature allows miners to mine Litecoin (LTC) while also earning rewards in multiple cryptocurrencies, including LTC, Dogecoin (DOGE), Bellscoin (BELLS), Luckycoin (LKY), Junkcoin (JKC), and Pepecoin (PEP).
Merged mining, also known as auxiliary proof of work (AuxPoW), allows miners to process transactions for multiple blockchains with a single computational effort.
This increases efficiency and provides the opportunity to maximize earnings by mining additional coins alongside primary coins like Litecoin.
By adding Junkcoin and Pepecoin to its merged mining program, Binance Pool continues to diversify its offerings by appealing to miners looking for alternative coins and higher potential rewards.
The addition of JKC and PEP reflects Binance Pool’s efforts to support emerging cryptocurrencies and encourage participation in the mining ecosystem.
This move is expected to support the growth of smaller blockchain networks while attracting miners looking to leverage their resources for greater profitability.
Miners can join Binance Pool to take advantage of this new feature by configuring their mining setup to enable merged mining. Additional details and configuration instructions are available on the Binance Pool platform.
As merged mining continues to gain traction, Binance Pool’s inclusion of Junkcoin and Pepecoin positions it as a versatile platform for both established and emerging cryptocurrencies.
*This is not investment advice.