Binance Pool Adds Ravencoin Support

1 mins mins

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.

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

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