New Cloud Mining Products Launched (2023-06-22)

Binance is launching a new batch of Cloud Mining products for BTC mining. Users may now complete subscriptions to Cloud Mining products to purchase hashrates, and start accumulating mining rewards in their Funding Wallets.

Join & Earn BTC Mining Rewards Now!

  • Subscription Starts At: 2023-06-22 02:00 (UTC)
  • Subscription Format: First-come, first-served basis
  • Estimated Mining Start Time: 2023-06-29 04:00 (UTC)

Terms and Conditions:

  • Users must have their accounts verified to complete subscriptions to Cloud Mining products.
  • Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

1. How are Mining Pool rewards calculated?

The calculation method is: user mining income = online price of the product lot per day * number of computing power purchased by the user (Th/s) * hypothetical mining output per day * (1 minus 2.5% minus 1.5%) .
Note: 2.5% is the mining Pool fee and 1.5% is the management fee. For the specific method of calculating the hypothetical mining outflow, please refer to the Binance Mining Pool Income Calculation Method.

2. When are Mining Pool rewards distributed?

Mining Pool rewards generated will be distributed by Binance Mining Pool. The calculation cycle of the Mining Pool income is from 00:00 AM. yesterday until 00:00 am UTC and the daily income will be calculated from 02:00 AM. until 10:00 p.m. UTC. After the settlement is completed, the funds will be sent directly to your Binance funding account.

3. When will my cloud mining hashrate be connected?

Join & Earn BTC Mining Rewards Now!

Each Cloud computing power command will be connected to the Mining Pool before 04:00 AM. UTC on the following Sunday when the order is submitted and the mining income will be settled daily from the second day of the mining day.

4. Are there risks associated with cloud mining?

Binance focuses on the security of users’ assets, so Binance Mining Pool conducts a detailed investigation of the operating conditions of mining rigs and mining sites to avoid unsystematic risks. However, Cloud computing products still have some uncontrollable risks, including power system fluctuations and natural disasters.

5. How is cloud mining electricity supply calculated?

Currently, mining electricity supply can only be withheld once along with Cloud computing power supply, when submitting an order. Binance will pay the mining electricity fee to the mining engine hosting site. It should be noted that different Cloud computing products have different electricity charges per ‘Th/s’, due to the different power consumption of the mining machines, which is not directly related to the electricity price of the mining site.

Risk Warning: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.

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