mining pool

[kingjames72]

does anyone actually uses binance pool? looks like they do campaign regularly. Did anyone actually got paid before? saw one on their X today. https://x.com/binance/status/2021857329138852317?s=20
Thinking of moving some hashrate over

[FP91G]

The first line already looks really bad. I've never mined with KYC.
If you're willing to hand over your data for a potential prize, that's a big mistake.

Complete identity verification (KYC).

Create a Binance Pool mining account (or use your existing account) and mine BTC Binance Pool.

Increase your average BTC hashrate compared to your baseline period*.

Eligible users will be ranked by Hashrate Gain within their respective groups.

https://www.binance.com/en/support/announcement/detail/a8e0bc19c7a847f98c60e9f7b9597866?

[BitMaxz]

Based on the promotion you provided, it seems it is a temporary boost for existing miners; if you are not mining there, you won't get any temporary boost. Have you tried to read the whole article?

So it's useless if you are going to switch to the Binance pool and submit your KYC and think that you will be able to get this temporary boost.

If you are talking about if they are paying, yes, they do pay. I mined from them before.

[kingjames72]

Based on the promotion you provided, it seems it is a temporary boost for existing miners; if you are not mining there, you won't get any temporary boost. Have you tried to read the whole article?

So it's useless if you are going to switch to the Binance pool and submit your KYC and think that you will be able to get this temporary boost.

If you are talking about if they are paying, yes, they do pay. I mined from them before.

I think they mentioned new miners are eligible as well. "This Promotion is open to all eligible Binance Pool users who mine BTC during the Promotion Period, including existing and new users", i assume for new users the baseline period hash rate would be counted as 0?

[kingjames72]

The first line already looks really bad. I've never mined with KYC.
If you're willing to hand over your data for a potential prize, that's a big mistake.

Complete identity verification (KYC).

Create a Binance Pool mining account (or use your existing account) and mine BTC Binance Pool.

Increase your average BTC hashrate compared to your baseline period*.

Eligible users will be ranked by Hashrate Gain within their respective groups.

https://www.binance.com/en/support/announcement/detail/a8e0bc19c7a847f98c60e9f7b9597866?

i guess if the jurisdiction that i am in is not mining sensitive, it should be fine?

[FP91G]

The first line already looks really bad. I've never mined with KYC.
If you're willing to hand over your data for a potential prize, that's a big mistake.

Complete identity verification (KYC).

Create a Binance Pool mining account (or use your existing account) and mine BTC Binance Pool.

Increase your average BTC hashrate compared to your baseline period*.

Eligible users will be ranked by Hashrate Gain within their respective groups.

https://www.binance.com/en/support/announcement/detail/a8e0bc19c7a847f98c60e9f7b9597866?

i guess if the jurisdiction that i am in is not mining sensitive, it should be fine?

I believe KYC is crap and unnecessary in mining. If you're willing to hand over your data just for the promise of winning, that's your business. Then you should subscribe to other crypto exchange channels. Every exchange runs new promotions to attract new traders, giving them anywhere from $10 to $200 on average.

[BitMaxz]

I think they mentioned new miners are eligible as well. "This Promotion is open to all eligible Binance Pool users who mine BTC during the Promotion Period, including existing and new users", i assume for new users the baseline period hash rate would be counted as 0?

Well, if they do allow new users, then you can try, but based on my experience when mining on the Binance pool, they pay low. I don't know the cause; that's what I experience mining on the Binance pool. That is why I switched back to ViaBTC.

If you think you can earn more by joining their promotion, why not try it since the promotion will run until next month and then switch back to a better pool?