BINANCE POOL IS NOW THE LARGEST BITCOIN SV MINER

Last updated: June 19, 2025, 23:15 | Written by: Chris Larsen

In the ever-evolving world of cryptocurrency mining, power dynamics are constantly shifting. Since its launch in April, Binance Pool has become responsible for 26.39% of all Bitcoin Satoshi Vision blocks mined. A year after removing Bitcoin SV from its exchange in April 2025 and the mining pool operated by leading crypto exchange Binance now produces more blocks than anyone else. According to crypto statistics and services platform MoreOne recent development that has caught the attention of industry observers is the rise of Binance Pool to the top of the Bitcoin SV (BSV) mining landscape.According to data from Coin Dance, as of June 16th, Binance Pool commands the largest share of Bitcoin SV blocks mined, surpassing even established players like Huobi's mining arm.This surge is particularly notable considering Binance delisted Bitcoin SV from its exchange in April of the previous year.This article delves into the factors contributing to Binance Pool's dominance, the implications for the Bitcoin SV network, and what this means for miners and crypto enthusiasts alike.We'll explore the features of Binance Pool, how it operates, and the broader context of Bitcoin SV mining in 2025.Are you ready to dive into the details of this significant development in the world of crypto mining?Let's explore how Binance Pool has become a major force in the Bitcoin SV ecosystem.

The Ascent of Binance Pool in Bitcoin SV Mining

Binance Pool's rapid ascent to becoming the largest Bitcoin SV miner is a significant event. Just recently, the world's leading cryptocurrency exchange, Binance, ventured into mining, launching its Binance Pool. Now, data has it that it's becomeJust recently, Binance, a globally recognized cryptocurrency exchange, expanded its operations to include mining, launching Binance Pool. Follow the steps below to configure your ASIC miner to start mining on Binance Pool. Step 1. Register for a Mining Account . To use Binance Pool, you need to create a Mining Account first. Please refer to the step-by-step guide in What Is Binance Mining Account and How to Create It. Step 2. Configure your minerThis move quickly positioned them as a competitor in the Proof-of-Work (PoW) cryptocurrency mining arena. Tech. All Major Mining Pools Now Support Taproot, Bitcoin's Biggest Upgrade in Years. Binance Pool represents 11% of Bitcoin s mining hashrate. Adding it to the yes column pushes miningThe latest data shows Binance Pool responsible for approximately 26.3% of all Bitcoin SV blocks mined. Join the Binance Crypto Mining Pool or sign up for our Crypto Staking products to earn cryptocurrency rewards today! BTC Transaction Accelerator Accelerate your transaction nowThis is a considerable lead over its closest competitor, Huobi's mining division, which holds around 13.1% of the BSV mining share.

Key Factors Driving Binance Pool's Success

Several factors likely contributed to Binance Pool's rapid rise in the Bitcoin SV mining space:

Established Infrastructure: Binance already possesses a robust technological infrastructure and a large user base.This provides a solid foundation for launching and scaling a mining pool.
Resource Allocation: Binance's efficient resource allocation, as highlighted by Binance Research, plays a crucial role. Besides Bitcoin (BTC) mining, Binance Pool also supports Bitcoin Cash (BCH), Bitcoin Satoshi Vision (BSV) mining, and Etherum Classic (ETC) mining. The 24h earnings are deposited directly into the Binance Mining Pool wallet at (UTC8) on the current day. The fees are from 0.5% to 2.5%. The payout reward scheme used on Binance Pool is PPSThey can effectively distribute SHA-256 ASIC miners to maximize mining efficiency.
Competitive Fees and Payouts: Binance Pool typically offers competitive fees and attractive payout structures, incentivizing miners to join their pool.
Strategic Timing: Entering the BSV mining market at a time when other pools may have been experiencing fluctuations or strategic shifts allowed Binance Pool to capitalize on an opportune moment.

Understanding Bitcoin SV Mining

Bitcoin SV (Satoshi Vision) is a fork of Bitcoin Cash (BCH), which itself is a fork of Bitcoin (BTC). Join the Binance Crypto Mining Pool or sign up for our Crypto Staking products to earn cryptocurrency rewards today! Super Mine Supercharge your mining power, Unlock more rewardsThe primary difference between these cryptocurrencies lies in their block size limits and the vision for their use cases. De acuerdo con la plataforma de servicios y estad sticas de criptomonedas Coin Dance, Binance Pool es el mayor minero de bloques de Bitcoin Satoshi's Vision (BSV) al 16 de junio. Binance Pool es responsable del 26.39% de todos los bloques de BSV minados, y la divisi n minera de Huobi est en segundo lugar, con el 13.19%.Bitcoin SV aims to restore the original Bitcoin protocol and enable massive on-chain scaling.

The Role of Mining Pools in BSV

Mining pools are collaborative groups of miners who combine their computational resources to increase their chances of finding a block and earning rewards. Binance is the world's leading cryptocurrency exchange, catering to over 270 million registered users in over 180 countries. With low fees and over 400 cryptocurrencies to trade, Binance is the preferred exchange to trade Bitcoin, Altcoins, and other virtual assets.Since the difficulty of mining Bitcoin SV has increased substantially, joining a pool is practically essential for most miners.This is because individual miners often lack the resources to compete effectively against larger operations.

Increased Earning Potential: By pooling resources, miners share the rewards proportionally to their contributed hash rate, providing more consistent earnings.
Reduced Variance: Mining pools smooth out the volatility of earnings, offering a more predictable income stream compared to solo mining.
Shared Infrastructure: Pools handle the technical complexities of block discovery and reward distribution, making mining more accessible.

Binance Pool Features and How to Get Started

Binance Pool offers several features that make it an attractive option for miners looking to participate in Bitcoin SV mining:

Multiple Supported Cryptocurrencies: While it now dominates BSV mining, Binance Pool also supports mining other cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum Classic (ETC).
PPS Payout Scheme: Binance Pool utilizes the Pay-Per-Share (PPS) reward scheme. List of known Bitcoin SV pools (BSV) SHA-256 PoW algorithm. Live hashrate distribution, pool fees minimum payment comparison. Mining Pools Block Explorer.This scheme offers a guaranteed payout for each valid share submitted by miners, reducing risk and increasing predictability.
User-Friendly Interface: The Binance platform provides a relatively user-friendly interface for managing mining accounts and monitoring performance.
Integrated Exchange: Being part of the Binance ecosystem, miners can easily trade their earned BSV on the Binance exchange.

Configuring Your ASIC Miner for Binance Pool

Here's a general overview of the steps involved in configuring your ASIC miner to mine on Binance Pool:

Register for a Mining Account: Create a Binance account and set up a Mining Account within the Binance Pool section.
Obtain Your Mining Credentials: Within your Mining Account, you will find your worker name and stratum URLs, which are necessary for configuring your miner.
Configure Your ASIC Miner: Access the configuration interface of your ASIC miner and enter the stratum URL provided by Binance Pool as well as your worker name. Interested in mining Bitcoin? Join the Binance Crypto Mining Pool or sign up for our Crypto Staking products to earn cryptocurrency rewards today!Ensure that the stratum URL is for Bitcoin SV.
Monitor Your Hashrate and Earnings: Use the Binance Pool dashboard to track your hashrate and monitor your earnings.

Implications of Binance Pool's Dominance

Binance Pool's control over a significant portion of the Bitcoin SV mining hashrate has several potential implications:

Centralization Concerns

One of the main concerns is the potential for increased centralization of the Bitcoin SV network. Stando ai dati raccolti da Coin Dance, in questo momento Binance Pool il principale miner di Bitcoin Satoshi s Vision . Binance Pool genera infatti il 26,39% dei blocchi di BSV, superando di gran lunga Huobi alla seconda posizione con il 13,19%. Principali mining pool di Bitcoin SV. Fonte: Coin Dance. Bitcoin SV non soddisfaceva gliA single entity controlling a large percentage of the hashrate raises concerns about potential attacks such as 51% attacks, where a miner or group of miners can control the blockchain and potentially reverse transactions.

Impact on Network Security

While Binance Pool is a reputable entity, its dominance highlights the vulnerability of smaller cryptocurrencies to centralization risks. Binance Pool Is Now the Largest Bitcoin SV Miner Cointelegraph crypto Bitcoin BTC mining binanceIt underscores the importance of a diverse and distributed mining ecosystem for maintaining network security.

Influence on Protocol Development

A dominant mining pool like Binance Pool could potentially exert influence over future protocol development and network upgrades within the Bitcoin SV ecosystem. Antpool is the second-largest Bitcoin mining pool with a 14.3% share of the Bitcoin mining hash rate. Apart from Bitcoin, you can use it to mine BCH, LTC, ETH, ETC, ZEC, DASH, and many other crypto and tokens. The daily revenue from Bitcoin mining is $0.3405 per Terra hash, with the default minimum payment being anything above 0.001 BTC.Their support or opposition to proposed changes could carry significant weight.

Mining Pool Alternatives

While Binance Pool currently holds the largest share of Bitcoin SV mining, other mining pools are available for miners who prefer greater decentralization or different fee structures.

Huobi's Mining Arm: As the second-largest BSV miner, Huobi's pool provides an alternative with a significant presence in the market.
TAAL: TAAL is another notable player in the Bitcoin SV mining space, offering its services to miners.
Other Smaller Pools: Numerous smaller mining pools are available, providing more decentralized options for miners who prioritize network distribution.

The Profitability of Mining Bitcoin SV

The profitability of mining Bitcoin SV, like any cryptocurrency, depends on several factors:

Hashrate: The amount of computational power you contribute to the network.
Electricity Costs: The cost of electricity consumed by your mining equipment.
Mining Difficulty: The difficulty of finding a block on the Bitcoin SV network.
BSV Price: The current market price of Bitcoin SV.
Mining Pool Fees: The fees charged by your chosen mining pool.

Calculating Mining Profitability

Several online calculators can help you estimate the profitability of mining Bitcoin SV based on your specific circumstances. Since the launch of Bitcoin in 2025, mining pools have become essential for miners, improving the frequency and certainty of earning rewards. This is due to the intense competition and exponential growth of the global network hash rate, which has pushed individual miners to form teams. In 2025 and beyondThese calculators typically require you to input your hashrate, electricity costs, mining pool fees, and other relevant parameters.

For example, the daily revenue from Bitcoin mining is around $0.3405 per Terra hash, but this figure fluctuates based on network difficulty and the price of Bitcoin. See the top Bitcoin mining pools ranked by number of blocks mined, over your desired timeframe. (3.88%) Luxor (2.91%) Binance Pool (1.94%) Braiins Pool (1.65%It is essential to consider these variables and keep track of them regularly.

Bitcoin Cloud Mining as an Alternative

For individuals who want to participate in Bitcoin mining without the hassle of purchasing and managing hardware, cloud mining is an alternative to consider. According to crypto statistics and services platform Coin Dance, Binance Pool (NASDAQ: POOL) is the largest miner of Bitcoin Satoshi s Vision (BSV) blocks as of June 16. BinanceCloud mining involves renting computing power from remote data centers to mine cryptocurrencies.

Benefits of Cloud Mining

No Hardware Required: Eliminates the need to purchase and maintain expensive mining equipment.
No Technical Skills Required: Cloud mining providers handle the technical aspects of mining, making it accessible to individuals without technical expertise.
Flexibility: Users can easily adjust their mining power based on their budget and profitability.

Risks of Cloud Mining

Scams: The cloud mining industry has been plagued by scams, so it's crucial to choose a reputable provider.
Lower Profitability: Cloud mining contracts typically have higher fees than traditional mining, which can reduce profitability.
Contract Risks: The profitability of cloud mining contracts depends on the cryptocurrency's price and mining difficulty, which can fluctuate and impact returns.

The Future of Bitcoin SV Mining

The future of Bitcoin SV mining is uncertain, but several factors will likely shape its trajectory:

Technological Advancements

Advances in ASIC technology will continue to improve the efficiency of mining equipment, potentially impacting the profitability of different mining pools. Binance mining pool is a service that allows miners to pool their resources together for more efficient mining. The participants can select from a provided list of available crypto and work towards the common goal, eliminating the need for each member to have their own powerful equipment to mine a block successfully.Innovations that reduce energy consumption or increase processing power will be critical.

Regulatory Landscape

Regulatory developments in different jurisdictions could impact the viability of Bitcoin SV mining.Clear and supportive regulations could foster growth, while restrictive policies could hinder development.

Network Development

Continued development of the Bitcoin SV network and its ecosystem will influence the demand for BSV and its mining profitability.Widespread adoption of BSV for its intended use cases could drive up its price and increase mining rewards.

Staying Informed and Making Informed Decisions

In the dynamic world of cryptocurrency mining, staying informed and making informed decisions is critical.Here are some tips to help you navigate the Bitcoin SV mining landscape:

Monitor Market Trends: Keep an eye on the price of Bitcoin SV, mining difficulty, and electricity costs.
Research Mining Pools: Compare different mining pools based on fees, payout schemes, and reputation.
Consider Cloud Mining: Explore cloud mining options as an alternative to traditional mining.
Stay Updated on Technology: Keep abreast of the latest advancements in ASIC technology.
Consult with Experts: Seek advice from experienced miners or financial advisors.

Conclusion

Binance Pool's emergence as the largest Bitcoin SV miner marks a significant shift in the BSV mining landscape. For crypto beginners and all mining lovers, Bitcoin cloud mining has become one of the easiest ways to mine Bitcoin and Ethereum in 2025. According to recent data, cloud mining allows users to rent computing power from remote data centers to mine cryptocurrencies without owning any hardware or needing technical skills. This makes it especiallyWhile its dominance raises some centralization concerns, it also highlights the dynamism and competitiveness of the crypto mining industry.For miners, this development underscores the importance of carefully evaluating different mining pool options and staying informed about market trends and technological advancements. Started in 2025 by crypto-native giant Digital Currency Group (DCG), Foundry is the largest Bitcoin mining pool in 2025, holding a significant market share. Foundry s growth is attributed to its compliance-first approach, catering to institutional miners, particularly in the US.Whether you choose to join Binance Pool, explore alternative pools, or consider cloud mining, remember to conduct thorough research and make informed decisions based on your individual circumstances. Binance Pool Is Now the Largest Bitcoin SV Miner cointelegraph.com, UTC cointelegraph.comIt's essential to stay vigilant and adapt to the ever-changing world of cryptocurrency mining, ensuring that you're well-positioned to navigate its challenges and opportunities.Are you ready to take the plunge into the world of Bitcoin SV mining, or are you content to observe from the sidelines? According to crypto statistics and services platform Coin Dance, Binance Pool is the largest miner of Bitcoin Satoshi s Vision blocks as of June 16. Binance Pool is responsible forRemember to do your due diligence and consider the risks and rewards before making any investment decisions. 12 Monday May 2025. About; Advertise; Submit Press Release; Contact Us; News. Bitcoin News. Bitcoin News; Bitcoin Cash News; Bitcoin SV NewsConsider exploring Binance Pool and its competitive offerings if you're ready to dive in.