KuCoin encourages greener crypto mining with proof-of-work pool

Cointelegraph

Published Aug 25, 2021 04:00AM ET

Updated Aug 25, 2021 05:40AM ET

Seychelles-based crypto exchange KuCoin is launching a mining pool aimed at providing revenue to proof-of-work miners after integrating their rigs.

In a Wednesday announcement, the exchange said its KuCoin Pool (NASDAQ:POOL) product would allow miners around the world to contribute to the Bitcoin (BTC) and Bitcoin Cash (BCH) and share rewards. At the moment, miners are required to install and run the necessary hardware themselves to join the pool, but KuCoin said it would introduce mining in the cloud in the future.

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