【Changpeng Zhao: Binance does not intend to get involved in the Bitcoin mining industry】 Golden Finance reported that at a recent AMA event, Binance CEO Changpeng Zhao (CZ) discussed his daily work, the prospects of Dubai Web3, and some details of the Binance roadmap. Zhao Changpeng said that Binance has not been involved in the field of Bitcoin mining, and does not intend to get involved. The reason for this decision is that Bitcoin mining as a business is very special and requires too much hardware and expertise. At the same time, there are many competitors in the mining industry that have more advantages than Binance, so Binance chooses to operate a mining pool service. Miners use mining pools and have Binance's liquidity to help pay for their operating costs. Binance provides comprehensive services to miners, but they will not mine themselves. It is reported that Binance Pool is the fifth largest mining pool in the Bitcoin (BTC) network, generating 28.96 EH/s as of June 2023, accounting for about 7.71% of the Bitcoin network's net hash rate. (U.today)