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What Is Binance Smart Pool and How to Use It

2020-06-10 04:00
Introduction to Binance Smart Pool
Smart Pool is a service that enables the user to get higher profit by auto-switching hash rate to mine different currencies with the same algorithm. Binance Smart Pool is supporting the SHA256 algorithm and the hash rate of users can be switched among BTC, BCH, and BSV automatically.
The final mining income is settled in BTC.
The Features of Binance Smart Pool
  1. Guaranteed minimum income. Due to the real-time hedging of the Smart Pool, we will guarantee the final mining income of users will be higher than the general income of the FPPS payment method. Once there is a circumstance that the final actual income is lower than the FPPS income, Binance Pool will guarantee to compensate for users’ loss.
  2. Simple operation. Users could use the one-click switch from the general mining to the Smart Pool mining and there is no need to change the mining stratum URL or user ID which is convenient and fast.
How to Use Binance Smart Pool?
1. Create a mining account, and configure the mining URL and worker ID on the configuration page of the mining machine. It is the general configuration for connecting the mining machine to Binance Pool.
Mining URL:
stratum+tcp://sha256.poolbinance.com:8888
(Support ports 8888, 3333, 1800 and 443)
2. Choose Payment Settings
Click [Mining Account Management], choose [More Settings] - [Payment Settings], select [Smart Pool] and click [Save].
The settlement date of Binance Smart Pool is according to T day theory, which means the Smart Pool will be effective one day after (T+1) when users set it (T) and users will receive the income of Smart Pool two days later(T+2).
3. Check the real-time Income and settlement Income
When using the Smart Pool, users can check Today’s Estimated Income of BTC, BCH, and BSV on the Statistics page.
After the settlement, the Mining Earnings page will show the general FPPS income, and users can check the Extra Bonus page for the extra earnings from Smart Pool.