Binance Mining Pool has extracted the first block: Are you ready for beta?

The Binance Mining Pool was first announced on April 1. The horribly chosen date for such a turning point caused a stir that Changpeng Zhao had to tame by reassuring the authenticity of his statement. Now, almost a month after the first post on Twitter, Binance Mining Pool has extracted its first block. CZ also announced that a beta with the lowest fees on the market will be launched.

Changpeng Zhao: The first block mined! The lowest fees on the market

CEO Binance shared his enthusiasm for the first mined block on Twitter. It seems that the pool will soon be operational and will be offered to users of the largest cryptocurrency exchange in the world.

CZ wrote on Twitter:

The first block ever mined by the @Binance Mining Pool. Still in closed-beta. Going live soon.

As always, LOWEST FEES of any mining pool.

If you wish to join, email: poolvip@binance.com pic.twitter.com/uewbRM6UIy

— CZ Binance ??? (@cz_binance) April 24, 2020

It is now true that a cheap pool has fees of around 1%. The most expensive are around 4%. It depends on many variables, such as the rewards and costs achieved. Right now, the largest pools include BTC.com, F2Pool and AntPool. Their position has been absolutely unsurpassed over the last few years.

Binance will probably try to shake this pond. And what about you? Will you try to invest in the pool?

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