Cryptocurrency exchange Binance continues to expand its capabilities by introducing merged mining for Junkcoin (JKC) and Pepecoin (PEP).
Benefits of Merged Mining
Merged mining, or 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.
Binance Pool Diversification
By adding Junkcoin and Pepecoin to its merged mining program, Binance Pool continues to diversify its offerings, appealing to miners looking for alternative coins and higher potential rewards. The inclusion of JKC and PEP reflects Binance Pool’s efforts to support emerging cryptocurrencies and encourage participation in the mining ecosystem.
Setup for Miners
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.
This move is expected to support the growth of smaller blockchain networks and attract miners looking to leverage their resources for greater profitability.
