- Binance Pool launched merged mining for BEL with rewards in LTC, DOGE, and BEL.
- BEL is not listed on Binance, and mining does not guarantee a future listing.
Binance Pool has officially launched merged mining for Bellscoin (BEL), allowing miners to earn rewards in LTC, Dogecoin (DOGE), and BEL while mining Litecoin (LTC). The service went live on September 29, 2024, providing users with new opportunities to diversify their mining earnings. Miners must have a verified Binance account and register with Binance Pool to start mining.
While BEL is now included in Binance’s merged mining offering, the token is not yet listed for trading on the exchange. The exchange has emphasized that the launch of the mining service does not guarantee a future listing of BEL. Additionally, BEL earnings are separate from those of LTC and DOGE, meaning users can receive rewards in all three cryptocurrencies without affecting each other.
How Does Binance’s Merged Mining for BEL Work?
The merged mining feature operates under a PPLNS (Pay Per Last N Shares) payout model, which determines rewards based on the miner’s contribution to the pool. Users can track their hashrate and earnings through the Binance Pool platform. BEL rewards require a configured payout address, and miners will not accumulate rewards if the payout address is missing.
BEL, created by Dogecoin’s developer Billy Markus, predates Dogecoin by eight days, adding a historical connection between the two cryptocurrencies. Binance also offers miners the chance to apply for VIP status if they meet certain hashrate thresholds, unlocking additional rewards.
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