ChainCatcher | January 9, 2025
Binance Pool has officially launched mining services for Conflux Network (CFX), according to an official announcement. Users can now mine CFX by following these steps:
Account Setup
- Log in to a verified Binance account.
- Register for a Binance Pool account.
Mining Process
- Follow the CFX mining tutorial provided by Binance Pool.
- CFX uses the PPLNS (Pay Per Last N Shares) payment model.
Fee Structure
- Mining fee: 1%
👉 Learn how to optimize your CFX mining efficiency
Key Features of Conflux Network (CFX)
- Scalability: Utilizes a unique Tree-Graph consensus mechanism for high throughput.
- Interoperability: Supports cross-chain DeFi and NFT applications.
- Eco-Friendly: Energy-efficient mining compared to traditional PoW blockchains.
FAQ: CFX Mining on Binance Pool
1. What is the minimum hardware requirement for CFX mining?
- A GPU with at least 4GB VRAM is recommended for optimal performance.
2. How are CFX rewards distributed?
- Rewards are calculated hourly and distributed daily via the PPLNS model.
3. Can I mine CFX with a CPU?
- While possible, GPU mining is significantly more efficient.
👉 Explore advanced mining strategies for CFX
Why Choose Binance Pool for CFX Mining?
- Low Fees: Competitive 1% fee structure.
- Stability: Backed by Binance’s secure infrastructure.
- User Support: 24/7 assistance and detailed tutorials.
Disclaimer:
Cryptocurrency mining involves risks, including market volatility and hardware costs. Conduct independent research before investing.
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