Binance Pool Launches Merged Mining for Litecoin (LTC) Miners with Rewards in BEL, DOGE, and LTC

Binance Pool has launched a new feature for Litecoin (LTC) miners. Merged mining with Bellscoin (BEL). By joining, miners can earn rewards in Litecoin, Dogecoin (DOGE), and BEL.

Binance Pool has rolled out a new feature for Litecoin (LTC) miners, allowing them to engage in merged mining with Bellscoin (BEL). Through this integration, miners can simultaneously earn rewards in Litecoin, Dogecoin (DOGE), and BEL.

notably, while Bellscoin is not listed on Binance, its inclusion in the merged mining initiative marks a significant development for the asset, which was created by Billy Markus, the same individual behind Dogecoin.

Bellscoin, which was created eight days prior to Dogecoin, holds a unique place in the history of cryptocurrencies. However, unlike DOGE, BEL has not attained the same level of popularity and is not available on major exchanges.

It is important to note that the launch of merged mining for BEL does not directly indicate that the asset will be listed on Binance in the near future, as clarified by the exchange's statement. Binance explicitly mentions that earning BEL through mining does not guarantee a future listing for the token.

In merged mining, users contribute their computational power to multiple networks, enabling them to earn rewards from different blockchain projects simultaneously. This setup enhances profitability for miners, especially those interested in Litecoin, Dogecoin, and now Bellscoin.

Litecoin and Dogecoin Prices Dip 2% After Mining Launch

The new feature went live on September 29, and Binance has provided clear instructions for users to participate in the merged mining initiative. User payouts are determined based on the performance of the mining pool.

For Litecoin miners, this integration creates a new opportunity to diversify their earnings, with BEL and DOGE adding an extra layer of rewards to their mining endeavors.

Interestingly, despite the announcement of this new feature, the market observed slight declines in both Litecoin and Dogecoin prices on Monday. Both cryptocurrencies erased around 2% of their value during the session. LTC’s price hovered around $65, while DOGE fell slightly, closing the session at approximately $0.06.

As more miners engage with the new merged mining feature, attention will be drawn to the fate of Bellscoin. While it is not yet a tradable asset on Binance, its connection to Dogecoin's creator could boost its visibility. For the present, miners can enjoy the rewards while the market anticipates BEL's next move.

Miners are, however, reminded that rewards in BEL are just that, rewards, with no promise of a listing on Binance.