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Binance Pool has officially launched Luckycoin (LKY) merged mining, which allows miners to mine Litecoin (LTC) while earning rewards in LTC, Dogecoin (DOGE), Bellscoin (BEL), and Luckycoin (LKY). Binance is offering zero pool fees for Luckycoin mining during a limited period from December 10, 2024, 00:00 UTC, to December 31, 2024, 23:59 UTC.

To start LKY mining, users must first ensure they have a verified Binance account and register for Binance Pool. They should then start mining Litecoin (LTC) from December 10, 2024. Users can follow the step-by-step guide in Binance’s FAQ on how to mine LTC. Next, users should connect an external wallet address to their Binance Pool account by following the provided FAQ guide.

They can then check their current hashrate under the “Workers” tab and their earnings under the “Earnings” tab. Please note that Luckycoin (LKY) and Bellscoin (BEL) are not currently tradable on Binance.com, and their mining availability does not guarantee future token listings. The announcement also states, “Luckycoin uses a PPLNS payout model with a minimum payout of 1 LKY.

Earnings are based on actual mining pool output.”

Users meeting Binance Pool VIP hashrate requirements can apply for VIP status by emailing [email protected]. Users must configure a valid LKY address to receive rewards; without it, no earnings will accumulate. They must also ensure payout addresses can accept at least 1 LKY to avoid losses.

Note that LKY earnings are separate and will not impact LTC, DOGE, or BEL rewards. This initiative underscores Binance Pool’s commitment to providing enhanced mining opportunities while supporting new and existing cryptocurrencies. Users can start mining LTC today and earn additional rewards in LKY and other tokens.

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<p>The post Binance Pool Launches Luckycoin (LKY) Merged Mining, Offers Zero Fees first appeared on CoinBuzzFeed.</p>