Binance Pool Mining Guide 2026
Mine BTC & More

Updated: March 2026  |  Reading time: ~10 minutes

Cryptocurrency mining remains one of the most fundamental ways to participate in blockchain networks and earn digital assets. Binance Pool, launched by the world's largest crypto exchange, has rapidly grown into a top-tier mining pool offering competitive revenue models, seamless integration with the broader Binance ecosystem, and support for multiple proof-of-work coins. Whether you are a seasoned miner with a warehouse of ASICs or a newcomer setting up your first rig, this comprehensive guide walks you through everything you need to know about mining on Binance Pool.

1. What Is Binance Pool?

Binance Pool is a cryptocurrency mining platform operated by Binance, designed to give miners a one-stop solution for connecting their hardware, tracking hashrate, and receiving payouts. Launched in April 2020, it quickly climbed the rankings to become one of the largest Bitcoin mining pools by hashrate share. The pool leverages Binance's robust infrastructure, meaning miners benefit from high uptime, low-latency Stratum servers distributed globally, and the financial security of holding earnings within the Binance exchange ecosystem.

Unlike standalone mining pools, Binance Pool is deeply integrated with Binance's full product suite. This means your mining earnings land directly in your Binance funding wallet, where you can instantly trade them for other assets, subscribe to Binance Earn products for additional yield, use Binance Pay for spending, or withdraw to any external wallet. This level of integration eliminates the friction of transferring funds between a pool and an exchange, saving both time and network fees.

Binance Pool also provides a user-friendly dashboard where miners can monitor real-time and historical hashrate, view estimated daily earnings, track worker status (online, offline, or stale), and configure alert notifications. For enterprise miners managing hundreds or thousands of machines, the platform offers sub-account functionality and API access for programmatic monitoring and management.

2. Supported Coins and Algorithms

Binance Pool supports mining for several major proof-of-work cryptocurrencies. The exact list evolves as the crypto landscape changes, but the primary supported coins include:

• Bitcoin (BTC) – SHA-256 algorithm. The flagship offering, accounting for the vast majority of Binance Pool's total hashrate. Requires ASIC miners such as the Antminer S21, Whatsminer M60, or similar SHA-256 hardware.
• Bitcoin Cash (BCH) – SHA-256 algorithm. Shares the same hardware compatibility as BTC mining. Some miners switch between BTC and BCH depending on relative profitability.
• Litecoin (LTC) – Scrypt algorithm. Merged-mining with Dogecoin (DOGE) is supported, meaning you can earn both LTC and DOGE simultaneously with the same hardware (e.g., Antminer L9).
• Ethereum Classic (ETC) – Etchash algorithm. Mineable with GPUs (e.g., NVIDIA RTX 40-series or AMD RX 7000-series) or dedicated ETC ASICs.

Binance also supports Smart Pool, an auto-switching feature for SHA-256 miners that dynamically allocates hashrate between BTC and BCH based on real-time profitability calculations. This ensures miners always earn the highest possible revenue without manually switching pools.

3. How to Connect to Binance Pool

Connecting your mining hardware to Binance Pool involves three main steps: creating an account, setting up a mining account, and configuring your miner. Here is the detailed process:

3.1 Create and Verify Your Binance Account

1. Visit binance.com or download the Binance app to register a new account. You will need an email address or phone number.
2. Complete identity verification (KYC). This typically requires a government-issued ID and a selfie. Verification is necessary to unlock full withdrawal limits and pool features.
3. Enable two-factor authentication (2FA) for account security. Binance supports Google Authenticator, SMS, and passkey-based 2FA.

3.2 Set Up Your Mining Account

1. Log in to Binance and navigate to Earn > Binance Pool (or search for "Pool" in the app's search bar).
2. Click "Create Mining Account". Enter a mining account name (this will be your Stratum username). Choose the coin you intend to mine (e.g., BTC).
3. Note the Stratum URL and port provided. Binance Pool offers multiple regional servers for optimal latency.

3.3 Stratum Server Addresses

Binance Pool provides dedicated Stratum endpoints for different regions to minimize latency:

Use port 443 if your network blocks the default port 3333. Both ports support encrypted connections for added security.

4. Revenue Models Explained: FPPS vs. PPS+

Understanding how a mining pool calculates and distributes revenue is crucial because it directly impacts your bottom line. Binance Pool primarily uses two payout models for Bitcoin mining: FPPS and PPS+. Here is how each works:

4.1 FPPS (Full Pay Per Share)

Under the FPPS model, the pool calculates the expected revenue per share based on both the block subsidy (currently 3.125 BTC per block after the April 2024 halving) and an estimated average of transaction fees included in blocks. Each valid share you submit earns a fixed payment, regardless of whether the pool actually finds a block during that period.

Key characteristics of FPPS:

• Predictable income: Since both block rewards and transaction fees are estimated and averaged, daily earnings fluctuate minimally. This is ideal for miners who want stable, predictable cash flow.
• No luck variance: You get paid for every share, so even if the pool has a bad-luck streak and finds fewer blocks than expected, your income is unaffected.
• Transaction fee estimation: The pool estimates the average transaction fee component over a rolling period. During times of very high network congestion (e.g., BRC-20 inscription surges), the FPPS estimate may lag behind actual transaction fees, slightly underestimating earnings compared to PPS+.

4.2 PPS+ (Pay Per Share Plus)

PPS+ is a hybrid model. The block reward portion is paid exactly like standard PPS (a fixed payment per share based on the block subsidy). However, the transaction fee portion is distributed using a PPLNS-like (Pay Per Last N Shares) method, meaning it is based on the pool's actual block-finding performance and the real transaction fees contained in those blocks.

Key characteristics of PPS+:

• Higher upside potential: When on-chain transaction fees spike (as they did during Ordinals/BRC-20 mania), PPS+ miners can earn significantly more than FPPS miners because they receive actual fees rather than an averaged estimate.
• Slight variance: Because the transaction fee component depends on actual blocks found, there is more day-to-day variance compared to FPPS. Over longer periods (weeks to months), the difference tends to even out.
• Best for larger miners: Miners with substantial hashrate who can tolerate short-term variance often prefer PPS+ for its higher long-term expected value.

5. Binance Pool Fees

Every mining pool charges a fee for providing infrastructure, software, and payout services. Binance Pool's fee structure is competitive within the industry:

While a 2.5% fee may appear slightly higher than some competitors who advertise 1-2%, it is important to consider total effective earnings. A pool with a lower fee but less consistent block-finding or slower share processing may ultimately pay less. Binance Pool's large hashrate share means it finds blocks frequently and consistently, reducing variance and often resulting in higher effective payouts.

Additionally, because mining earnings go directly into your Binance wallet, you avoid the external withdrawal fee that standalone pools charge (typically 0.0001-0.0005 BTC per withdrawal). For miners who trade or convert their earnings frequently, this built-in integration can save a meaningful amount over time.

6. Miner Hardware Setup Guide

Configuring your mining hardware to connect to Binance Pool is straightforward. Below are instructions for the two most common scenarios: ASIC miners (for BTC/BCH/LTC) and GPU miners (for ETC).

6.1 ASIC Miner Configuration (BTC Example)

1. Connect your ASIC miner to your local network via Ethernet cable and power it on. Wait for it to fully boot (typically 2-5 minutes).
2. Find the miner's IP address using your router's admin panel, the manufacturer's IP scanning tool, or a network scanner app.
3. Open a web browser and enter the miner's IP address. Log in with the default credentials (commonly "root/root" for Bitmain or "admin/admin" for MicroBT).
4. Navigate to the Miner Configuration or Pool Settings page. Enter the following:
   • Pool URL: stratum+tcp://bs.poolbinance.com:3333
   • Worker Name: YourMiningAccountName.worker001
   • Password: (leave blank or enter any character)
5. Add a backup pool URL (e.g., stratum+tcp://bs.poolbinance.com:443) in Pool 2 for failover.
6. Save the configuration and restart the miner. Within 5-10 minutes, your worker should appear on the Binance Pool dashboard.

6.2 GPU Miner Configuration (ETC Example)

1. Install a mining operating system (e.g., HiveOS, minerstat) or set up your GPU rig with Windows/Linux and a compatible mining software such as lolMiner, T-Rex, or PhoenixMiner.
2. Configure your mining software with the following parameters:
   • Pool: stratum+tcp://etc.poolbinance.com:1800
   • Wallet/Worker: YourMiningAccountName.gpu01
   • Algorithm: Etchash
3. Start the miner and verify that shares are being accepted by checking both the miner's console output and the Binance Pool dashboard.
4. Optimize your GPU settings (clock speeds, power limits, fan curves) for the best efficiency (hashrate per watt). Lower power consumption directly improves profitability.

7. Monitoring Hashrate and Worker Status

Once your miners are connected, the Binance Pool dashboard becomes your command center. Here is what you can monitor:

• Real-Time Hashrate: A live graph showing your current hashrate with 1-minute granularity. A sudden drop may indicate a hardware issue, overheating, or network disconnection.
• 24h Average Hashrate: This is the metric used for earnings calculations. It smooths out short-term fluctuations and gives a more accurate picture of your effective mining power.
• Worker List: View all connected workers with individual hashrate, status (active, inactive, dead), reject rate, and last share submission time.
• Earnings Estimates: The dashboard displays estimated daily, weekly, and monthly earnings based on your current hashrate, network difficulty, and the selected revenue model.
• Alert Notifications: Configure email or app push notifications for events such as worker going offline, hashrate dropping below a threshold, or daily earnings summary.

For large-scale operations, Binance Pool offers an API that allows you to programmatically query hashrate, earnings, and worker status. This is invaluable for building custom monitoring dashboards or integrating pool data into farm management software.

8. Earnings and Withdrawal

One of Binance Pool's strongest advantages is its seamless earnings management, thanks to direct integration with the Binance exchange.

8.1 Payout Schedule

Mining earnings are settled and credited to your Binance funding wallet once daily, typically between 08:00 and 10:00 UTC. There is no minimum payout threshold for the daily settlement — even tiny amounts are credited. This is a significant advantage over many standalone pools that require miners to accumulate a minimum balance (often 0.001-0.01 BTC) before issuing a payout.

8.2 What You Can Do With Earnings

• Hold: Keep your mined BTC in your Binance wallet. You can view your cumulative mining earnings history on the pool dashboard.
• Trade: Instantly trade your mined coins on Binance's spot market. Convert BTC to USDT, ETH, or any of the hundreds of listed assets.
• Earn: Subscribe your mining earnings to Binance Simple Earn (flexible or locked) products to generate additional yield. Earn interest on your BTC while you continue mining more.
• Withdraw: Transfer your earnings to any external wallet. Binance supports withdrawals via multiple networks (Bitcoin mainnet, Lightning Network, BEP-20) to minimize fees.
• Spend: Use Binance Pay or the Binance Card to spend your mining earnings directly, without needing to sell for fiat currency first.

8.3 Tax Considerations

Mining income is generally treated as taxable income in most jurisdictions. The fair market value of coins at the time they are received (credited to your wallet) typically constitutes taxable income. Keep detailed records of your daily payouts and their USD-equivalent value. Binance provides downloadable transaction history and API access for tax reporting tools like Koinly, CoinTracker, or TaxBit.

9. Binance Pool vs. Other Mining Pools

How does Binance Pool stack up against other major mining pools? Here is a comparison across key factors:

Key takeaways from the comparison:

• Ecosystem advantage: No other pool matches Binance Pool's integration with a full-service exchange, earning products, and payment solutions. This alone makes it compelling for miners who actively manage their crypto portfolio.
• No minimum payout: Binance Pool's zero-minimum daily settlement is a major plus for smaller miners who would otherwise wait weeks to hit a payout threshold on other pools.
• Smart Pool: The auto-switching feature between BTC and BCH is unique and can increase earnings by 1-3% compared to mining BTC exclusively, depending on market conditions.
• Coin variety: F2Pool leads in supporting the most coins. If you need to mine niche PoW coins, F2Pool or other multi-coin pools may be a better fit.
• Decentralization considerations: Some miners prefer to distribute hashrate across smaller, independent pools to promote network decentralization. This is a philosophical rather than financial consideration.

10. Tips for Maximizing Mining Profitability

Mining profitability depends on several factors beyond just choosing a pool. Here are practical strategies to maximize your returns:

• Optimize electricity costs: Electricity is typically the single largest operating expense. Seek out locations with low power rates (under $0.06/kWh), negotiate industrial power contracts, or explore renewable energy sources like solar or hydroelectric.
• Keep hardware updated: Newer-generation ASIC miners offer dramatically better efficiency (joules per terahash). Upgrading from an Antminer S19 to an S21 series can cut electricity consumption per hash by over 40%.
• Monitor network difficulty: Bitcoin's mining difficulty adjusts approximately every two weeks. When difficulty drops, your existing hashrate becomes relatively more profitable. Conversely, rising difficulty squeezes margins.
• Use Smart Pool: Enable Binance Pool's Smart Pool to automatically switch between BTC and BCH mining based on real-time profitability calculations.
• Minimize downtime: Every hour your miners are offline is lost revenue. Invest in reliable power infrastructure, cooling systems, and set up monitoring alerts to catch issues quickly.
• Consider hosting services: If electricity or cooling is expensive in your area, co-location or hosted mining services in favorable regions can significantly improve ROI.
• Reinvest earnings wisely: Use Binance Earn to put your mined BTC to work earning additional yield while you accumulate.

Frequently Asked Questions (FAQ)