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How to set up mining on Binance Pool?

Binance Pool is one of the newer highly growing Bitcoin pools. It is operated by the largest crypto exchange Binance, which beside exchange with hundreds of tokens and coins also runs several cutting edge products in the crypto world. Besides Bitcoin (BTC) mining, Binance Pool also supports Bitcoin Cash (BCH) and Bitcoin Satoshi Vision (BSV) mining. The 24h earnings are deposited directly into the Binance Mining Pool wallet at 08:00 (UTC+8) on the current day. The fees are from 0.5% to 2.5%. The payout reward scheme used on Binance Pool is FPPS.

NOTE Due to the current status of the crypto mining market, you can mine on Binance Pool only with ASICs that support the SHA-256 algorithm. Some of the more popular manufacturers are Bitmain with their Antminers, Innosilicon, Whatsminer, and Canaan. You can also read more on comparison, profitability, and more details of SHA-256 (Bitcoin) ASIC miners.

In this article, we will show you how to configure your ASIC to mine on Binance Pool.

Address editor

First, open the address editor and add a new tag (POOL:BTC-BINANCE) which will hold the Binance Pool stratum address. There are several ports available, so choose one of the following stratum addresses:

  • stratum+tcp://sha256.poolbinance.com:8888
  • stratum+tcp://sha256.poolbinance.com:3333
  • stratum+tcp://sha256.poolbinance.com:1800
  • stratum+tcp://sha256.poolbinance.com:443
  • stratum+tcp://bs.poolbinance.com:8888
  • stratum+tcp://bs.poolbinance.com:3333
  • stratum+tcp://bs.poolbinance.com:1800
  • stratum+tcp://bs.poolbinance.com:443

Add wallet

Next, save the tag (WALLET:BINANCE) under wallets with your Binance Pool's username.

NOTE It is very important to note that when mining on Binance Pool, you need to identify with the username.workername where your username can be saved as (WALLET:BINANCE) in your address editor and instead of a fixed worker name, you can use (WORKER) tag - but make sure that your worker has the same name on Binance Pool and minerstat.

Worker's config

In the next step, navigate to your worker's config. The selected default mining client will be ASIC and once your ASIC connects the config will be loaded there. You can just replace the found pools and user values with the ones you have created in the previous step or you can use some of the following templates.

Before using the templates, make sure that the config is really compatible with your ASIC model and that the technical vales, such as frequencies are correct.

Bitmain's Antminer example

{ "pools": [ { "url": "(POOL:BTC-BINANCE)", "user": "(WALLET:BINANCE).(WORKER)", "pass": "x" } ], "api-listen": true, "api-network": true, "api-groups": "A:stats:pools:devs:summary:version", "api-allow": "W:0/0", "bitmain-use-vil": true, "bitmain-freq": "550", "bitmain-voltage": "0706", "multi-version": "1" }

Balance monitoring

Currently, you can't monitor your balance on the Binance pool directly, but you can add your BTC wallet to wallet balance monitoring.

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