WhiteBIT proudly announces the launch of its new product, WhitePool, a mining pool open to professional miners worldwide. This significant development enhances the WhiteBIT ecosystem, offering new opportunities for miners to earn on the platform.
Key Takeaways
- WhiteBIT launches WhitePool with an ‘Early Miner’ promotion offering a 50% fee discount.
- WhitePool aggregates global computing power, supporting the SHA256 algorithm.
- Miners enjoy seamless reward distribution, no network fees, and robust security.
What is WhitePool?
WhitePool aggregates computing power from miners globally to increase the chances of finding new blocks on the Bitcoin network. The platform supports the SHA256 algorithm and is accessible to anyone with compatible hardware and a WhitePool URL.
Importantly, miners must register on the WhiteBIT crypto exchange before joining WhitePool. A step-by-step guide on connecting to WhitePool is available for new users.
Top-Notch Security and Support
WhitePool’s infrastructure, backed by WhiteBIT, one of the most secure exchanges according to Hacken.io and CER.live audits, ensures reliability. Additionally, WhiteBIT offers a dedicated multilingual support team available 24/7 in English, Ukrainian, Georgian, Polish, Spanish, and Turkish.
User-Friendly Interface
WhitePool’s intuitive interface provides necessary tools to control equipment, track efficiency, set up status change notifications, and more. This ease of use makes WhitePool an ideal choice for miners who value security, simplicity, and long-term investment opportunities within the WhiteBIT ecosystem.
Seamless Reward Distribution
WhitePool simplifies the reward process. Instead of manually initiating transfers and waiting for processing, bitcoins (BTC) rewards are credited directly to the Main balance on the WhiteBIT exchange. This process eliminates extra steps, allowing miners to profit without transferring funds themselves or paying network fees.
Furthermore, users can immediately use these funds for trading, buying other cryptocurrencies, or converting them into national currencies. For instance, investing in a Crypto Lending plan could yield up to a 17.39% annual return in BTC.
Directly crediting rewards to the exchange account simplifies management and reduces transaction fees. It provides immediate access to funds for trading or other activities on the exchange and enhances security through robust measures like cold storage and WAF.
Advantages of WhitePool
- FPPS Reward Method – WhitePool uses the FPPS (Full Pay Per Share) reward system, ensuring miners receive a fixed reward for each share submitted, regardless of block success.
- Zero Network Fees – Rewards are credited to the exchange’s Main balance without additional network fees, making it a cost-effective choice for miners.
- VIP Program – The VIP program offers lower fees, stable rewards for powerful hardware, and other features to be announced soon.
Celebrate with the ‘Early Miner’ Promotion
To celebrate the launch, WhiteBIT is running an ‘Early Miner’ promotion. Participants who meet the conditions will receive a 50% discount on fees, reducing the fee from 2% to 1%, from August 1 to September 30.
To join, users need to sign up on WhiteBIT and create a mining account in WhitePool with at least one connected mining hardware. For help and assistance, users can also join the exclusive mining community on Telegram. More details can be found in the promotion announcement.
How to Connect to WhitePool
- Create Mining Account – Create a unique Miner Account on WhitePool for identification when connecting to the Mining Pool.
- Enter Mining URL – Access the ‘Configuration’ page via the Miner’s IP Address and set up the Mining Pool URLs, including ‘Address 1’ and ‘Address 2’, to connect efficiently.
- Miner Configuration – Adjust the miner’s settings according to preferences, using the Miner Account name or combining it with a worker ID for multiple workers.
- Save and Apply – Connect the miner to WhitePool within minutes and manage mining data through the intuitive dashboard.
WhitePool’s FPPS method distributes rewards daily, ensuring consistent payouts regardless of the pool’s block mining performance. This consistency benefits miners seeking immediate rewards for their contributions.
Is Bitcoin Mining Still Worth It?
For small-time miners, bitcoin mining may not always be profitable. However, with capable devices, connecting to WhitePool offers a chance to earn bitcoin mining rewards through collective computational power.
Ready to join forces with WhitePool? Connect your hardware today and unlock the full potential of this innovative mining pool. Enjoy seamless transactions, consistent rewards, and a secure, user-friendly platform.
