KuCoin Pool Brings Efficient Mining and Lower Fees to Miners Around the World
Mining is an indispensable part of the blockchain industry as an underlying infrastructure, especially with the dominance of the PoW consensus algorithm. As a significant innovation in blockchain history, mining has achieved a win-win situation for blockchain projects and miners, with the former getting security and the latter receiving rewards. Therefore, many miners joined the activities at the initial stage of blockchain development.
However, as the difficulty of mining increased, the proportion of individual hashrate is greatly reduced to achieve a stable income, except for the fixed costs of electricity, internet and equipment maintenance. Therefore, the mining pool was created to seek more stable income by connecting global miners to the platform to share hashrate and rewards.
KuCoin Pool is a platform built by KuCoin. It aims to serve global crypto miners who can integrate their mining platforms with the KuCoin pool and earn ongoing rewards. The KuCoin team creates the KuCoin Pool concept with over six years of expertise in the cryptocurrency mining industry. This knowledge offers much lower mining costs than other pools and more effective mining rewards for those who contribute. In addition, KuCoin Pool will offer improved mining efficiency and a convenient interface to meet the needs of miners around the world.
“For existing KuCoin users, it will become simple to configure their mining devices to generate passive income immediately. Miners can benefit from the one-stop-shop mining service platform and its features to get up and running very quickly.” , said Johnny lyu, CEO of KuCoin, “Our Pool team is also keen to provide environmentally friendly mining solutions. Any miner relying on renewable energy will benefit from discounts on mining fees.”
Going forward, the KuCoin Pool will lower the entry threshold for new miners and introduce cloud mining. The latter option will remove the need for users to install and run mining hardware themselves. KuCoin wants to give all of its users the opportunity to take advantage of this one-stop-shop mining service and explore its benefits.
Launched in September 2017, KuCoin is a global cryptocurrency exchange for over 400 digital assets. It currently provides spot trading, margin trading, fiat P2P trading, futures trading, staking and lending to its 8 million users in 207 countries and regions around the world. In 2018, KuCoin obtained $ 20 million in connection with the Round A financing of IDG Capital and Matrix Partners. According to CoinMarketCap, KuCoin is currently the fifth largest crypto exchange. In 2021, Forbes named KuCoin as one of the best crypto exchanges of 2021. For more information, please visit www.kucoin.com.