BINANCE POOL IS NOW THE LARGEST BITCOIN SV MINER

Last updated: June 20, 2025, 00:24 | Written by: Ari Paul

In the ever-evolving world of cryptocurrency mining, power dynamics are constantly shifting.One 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. 12 Monday May 2025. About; Advertise; Submit Press Release; Contact Us; News. Bitcoin News. Bitcoin News; Bitcoin Cash News; Bitcoin SV NewsThis 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. Binance Pool mining Bitcoin SV is now the largest! Binance Pool mining Bitcoin SV beat out Huobi for the largest mining pool since delisting the cryptocurrency in April of last year. The Binance Pool is responsible for 26.39% of all Bitcoin Satoshi Vision blocks that are mined.Are you ready to dive into the details of this significant development in the world of crypto mining? For now, the pool will need to settle with a majority in the Bitcoin SV mining space. However, another happy coincidence is the fact that Bitcoin SV itself isn t available on Binance.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, Binance, a globally recognized cryptocurrency exchange, expanded its operations to include mining, launching Binance Pool. A real mining pool will only pay you if you have your own mining ASIC or hardware. How to Join a Mining Pool. Here are the exact steps to join a mining pool: Step 1: Get an ASIC Miner. An ASIC/mining hardware are computers designed for Bitcoin Mining. You ll need to connect your ASIC to your mining pool. Step 2: Get mining softwareThis move quickly positioned them as a competitor in the Proof-of-Work (PoW) cryptocurrency mining arena.The 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! Super Mine Supercharge your mining power, Unlock more rewardsThis 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.They 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).The primary difference between these cryptocurrencies lies in their block size limits and the vision for their use cases.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. Bitcoin (BTC), Bitcoin Cash (BCH) Bitcoin SV (BCH) (November 2025 - December 2025) 2.1 Efficient resource allocation theory. According to Binance Research, the mining allocation problem can be referred to as a problem of efficient resource allocation, from the perspective of participants in the Bitcoin mining industry: SHA-256 (ASIC) miners.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. 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 gliThis 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. Just recently, the world's leading cryptocurrency exchange, Binance, ventured into mining, launching its Binance Pool. Now, data has it that it's becomeEnsure 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.A 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.It 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.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.These 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.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.Cloud 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. 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 PPSInnovations 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. 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 beyondClear 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. 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%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. Step 1: Choose a Mining Pool. Selecting the right Bitcoin mining pool is crucial for maximizing your mining efficiency and profitability. Research various crypto mining pools to find one that aligns with your goals and resources. Consider factors such as: Pool size and hash rate; Fee structure; Payout methods and frequency; Minimum payoutWhile its dominance raises some centralization concerns, it also highlights the dynamism and competitiveness of the crypto mining industry. 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.For miners, this development underscores the importance of carefully evaluating different mining pool options and staying informed about market trends and technological advancements. As the platform shows, the pool is responsible for 26.3 percent of all Bitcoin SV blocks mined, with Huobi s mining arm coming in second with quite a distant 13.1 percent. TAAL comes in thirdWhether 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. List of known Bitcoin SV pools (BSV) SHA-256 PoW algorithm. Live hashrate distribution, pool fees minimum payment comparison. Mining Pools Block Explorer.It'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. Binance Pool Is Now the Largest Bitcoin SV Miner binance bitcoin Binance Pool Is Now the Largest Bitcoin SV Miner binance bitcoin bitcoinmining httpsAre you ready to take the plunge into the world of Bitcoin SV mining, or are you content to observe from the sidelines?Remember to do your due diligence and consider the risks and rewards before making any investment decisions.Consider exploring Binance Pool and its competitive offerings if you're ready to dive in.