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Binance Pool Adds Ravencoin Support

Binance Pool Adds Ravencoin Support

According to a Binance blog post published on Wednesday, as crypto miners search for new tokens to mine following the Ethereum merger, Binance Pool is adding Ravencoin (RVN) to its list of supported tokens.

The Ethereum network changed its proof-of-work (PoW) algorithm to proof-of-stake (PoS) in September, which caused miners to migrate to other “options,” including Ethereum Classic, Ravencoin, and Beam.

According to data from Coinwarz, the computing power on the Ravencoin network has increased by a factor of around five since Ethereum made a move to PoS.

Ravencoin Hashrate Chart. Source: Coinwarz

Mining fees for the RavenCoin in Binance Pool are set at 1%. At the time of writing, RVN is trading at $0.02286.

RVN daily chart. Source: Coincu

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Website: coincu.com

Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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Harold
Tags: Binance PoolETCPoSravencoin
2 years ago

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