Binance $500 million crypto mining loan scheme – Katoch Tubes
Binance loan for mining industry
Binance loan for mining industry
About Crypto Mining
About Crypto Mining
Crypto mining is a process of extracting coins using high computation power. It's applicable on chain using Proof-of-Work consensus mechanism
Binance support to miners
Binance support to miners
In a latest move by the world's largest exchange, Binance mining pool has launched a lending project supporting crypto miners
About the initiative
About the initiative
The program will help assist bitcoin miners and its infrastructure providers with mining loans. The fund stands
at $500 million
Terms of Agreement
Terms of Agreement
The borrowers will be charged with 5% to10% interest rate.
The tenure of the loan will be between 18 to 24 months.
Loan with a condition
Loan with a condition
The miners will need to give security to Binance in the form of real or crypto assets before availing the loan.
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Binance Cross-Chain Hack
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