The post Binance Pool Releases a $500 Million Fund to Assist Bitcoin Mining appeared first on Coinpedia Fintech News
Binance Pool Releases a $500 Million Fund to Assist Bitcoin Mining
Binance Pool has launched a $500 million lending project for both private and public miners. The miners will be required to provide security whether physical or digital assets to get the loan, which will last 18-24 months.
Binance Pool has recently started a mining pool for ETHW, a fork of Ethereum that preserves the blockchain’s original proof-of-work (PoW).
The company is the most recent addition to the increasing list of alternative lenders seeking to lend capital to the struggling mining industry.