Cryptocurrency exchange KuCoin announced the launch of a new service called KuPool, a KuCoin mining pool that will initially support Dogecoin (DOGE) and Litecoin (LTC) mining. According to a spokesperson for the firm, this new platform will integrate with KuCoin’s existing ecosystem and its KuMining feature to offer a secure and efficient service, highlighting its “verifiable hash rate” mechanism.
KuPool’s entry into the market seeks to simplify access to proof-of-work (PoW) asset mining, pooling the resources of independent miners to improve their chances of earning rewards. The new KuCoin mining pool’s focus is on security and simplicity, aiming to attract both newcomers and professional miners.
The next key step for the platform will be the incorporation of Bitcoin (BTC) mining, the leading crypto asset by market capitalization. The service’s success will be measured by its ability to maintain a high hash rate, offer stable yields, and achieve high user retention. In the long term, KuPool’s mission is to “promote a more equitable global hashrate distribution” through technological innovation, openness, and transparency in the cryptocurrency mining sector.
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