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Binance Pool to Upgrade its ETH Mining Settlement Model

Binance Pool to Upgrade its ETH Mining Settlement Model

2021-03-04 13:08
Fellow Binancians,
Due to the recent increase in ETH mining transaction fee rewards, in order to protect the income of ETH miners, Binance Pool will comprehensively upgrade its ETH mining income settlement model to PPS+ on 2021-03-05 02:00 UTC.
In the future, Binance Pool will adjust the settlement mode based on comprehensive factors such as transaction fee, Binance Pool's market share, prevailing market conditions, and user's income. Binance Pool will upgrade the ETH settlement mode to PPS+ automatically, and there is no manual operation required by the miners. Users can view the current settlement mode at Binance Pool homepage.
During the upgrade, Binance Pool will take the PPS+ settlement mode. We will disclose in a separate announcement when the upgrade will be completed.
Please email if you have any inquiries about the upgrade.
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Thanks for your support!
Binance Team
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