Vilnius, Lithuania, August 8, 2024, Chainwire
WhiteBIT, one of the largest cryptocurrency exchanges in Europe, has announced the launch of a new product – the WhitePool mining pool. This innovative platform marks an important step in the development of the WhiteBIT ecosystem and opens up vast opportunities for professional miners.
The global cryptocurrency mining market is set to grow, with its size expected to reach approximately $2.45 billion by 2024 and a projected compound annual growth rate (CAGR) of 12.90% through 2032. As the cryptocurrency sector continues to evolve, miners are earning daily returns that currently amount to $30.72 million, an increase of 6.27% compared to the previous year. This growth underscores the expanding potential and opportunities within the cryptocurrency mining industry.
To meet the needs of professional miners looking for an efficient and optimized cryptocurrency mining solution, cryptocurrency exchange platform WhiteBIT has introduced its own mining pool, WhitePool. Featuring a user-friendly interface and support for the SHA256 algorithm, it ensures optimal resource allocation and potential returns for miners. To participate, users must register on the WhiteBIT platform and connect their mining equipment.
“WhitePool puts the interests of miners first by offering a top-notch service for efficient collective mining. Our goal was to establish a mining pool that not only meets current demands but also sets a new benchmark for the industry, expanding opportunities for the mining community and evolving along with it,” he said. Volodymyr Nosov, CEO of WhiteBIT.
Following its successful launch, WhitePool is now ranked in the top 15 mining pools due to its high hashrate and user benefits.
Functional and clear Interface (NASDAQ:)
An essential feature of WhitePool is its user-friendly interface and comprehensive functionality for monitoring equipment and tracking rewards. Users can easily monitor equipment status and set up notifications for changes in worker status.
Accumulate rewards at no additional charge
Typically, users must meet a minimum amount of BTC, manually initiate fund transfers, wait for processing, and manage wallets to receive rewards. With WhitePool, rewards are automatically credited in Bitcoin (BTC) to the user’s main exchange balance without any additional steps. This eliminates the need to perform manual fund transfers, wait for transactions to be processed, and pay network fees.
FPPS Reward Model
WhitePool operates on the FPPS (full pay per share) reward model. FPPS ensures that miners receive rewards for every share contributed, regardless of whether the pool finds a block. This approach ensures a predictable reward stream, as payouts are made based on each share contributed, regardless of the pool's success in finding blocks.
VIP Program for High Power Miners
The VIP program offers several benefits including reduced fees, stable rewards for miners using powerful equipment, and additional features to be announced soon.
All users who connect their teams to WhitePool from August 1st to August 31st will receive VIP status for two months (August 1st to September 30th) and enjoy a 50% discount on the commission, paying only 1%. The standard fee is 2%.
Professional multilingual support team available 24/7
The expert support team is available 24/7 to assist miners in English, Spanish, Turkish, and other languages for smooth communication.
WhitePool is an integral part of the WhiteBIT cryptocurrency exchange infrastructure, recognized as one of the top 3 most secure exchanges through the Hacken.io audit.
About WhiteBIT
WhiteBIT is one of the largest centralized cryptocurrency exchanges in Europe, founded in 2018. The exchange offers over 520 trading pairs, over 270 digital assets and 10 state currencies. The company is an official partner of the Ukrainian national football team, FC Barcelona, FC Trabzonspor and FACEIT. WhiteBIT's goal is the mass implementation of blockchain technology around the world.
ContactWhiteBIT PR Service[email protected]
This article was originally published on Chainwire
