WhitePool by WhiteBIT Mines 6 Blocks, Earns $1.2M in a Single Day

WhiteBit, one of Europe’s largest crypto exchanges, is in the news spotlight for all the right reasons. WhitePool by WhiteBIT made a big splash on October 8, 2024. In just one day, they mined six blocks, pocketing a cool $1,206,637, or 19.36 BTC. Not bad for a day’s work!

Launched in August 2024, WhitePool wasted no time making waves. It’s already in the top 15 global mining pools thanks to its high hash rate and user perks. Early October saw their hash rate soaring past 7 EH/s. They’re averaging 2-3 blocks daily, with over 300 blocks mined each month since launch.

Introducing WhitePool

Debuting in August 2024, WhitePool is now being regarded as one of the top 15 mining pools in the world. It has also been able to achieve growth because of its high hash rate and user-friendly benefits. By the beginning of October, the hash rate of the platform managed to climb to over 7 EH/s, showcasing its expanding capabilities.

From the very first month, WhitePool has never ceased to impress in terms of its mining activities, recording an average of 2-3 blocks on a daily basis. In fact, the platform has managed to mine more than 200 blocks each month. Most recently, though, it has hit a record for the platform, mining six blocks in just one day and paying $1,206,637 (19.36 BTC) worth of earnings. Not so bad for the one day’s work!

In such a competitive market as cryptocurrency mining, WhitePool manages to maintain a focus on both efficiency and customer satisfaction. Its commitment to offering a well-structured and user-friendly interface appeals to both first-time and professional miners.

How WhitePool’s FPPS System is Changing the Game

WhitePool is shaking things up with its Full Pay-Per-Share (FPPS) system. Miners can enjoy a steady daily income, thanks to a fixed payout for each share of work. No need to wait for blocks to be discovered!

And the best part? Rewards go straight into miners’ main balances on the WhiteBIT exchange. No extra fees to worry about.

As of 2024, the global Bitcoin mining market has skyrocketed to over $20 billion, with around 500,000 transactions processed daily. This growth shows how Bitcoin is being adopted worldwide. With its efficient and transparent reward system, WhitePool is ready to take on the competition in this booming market.

What Else Does WhiteBit Offer?

While most of the spotlight is on WhitePool right now, people shouldn’t forget that WhiteBit is a powerful platform on its own for a variety of reasons. It offers over 600 trading pairs and 300 digital assets. You can access spot, margin, and futures markets easily. The user-friendly interface simplifies trading.

WhiteBIT lets you trade with up to 100x leverage on futures and 20x on margin. You can earn interest up to 24.85% with their crypto-earn products. Need a loan? Borrow against your assets easily. Their token, WBT, cuts down your fees and just had a value boost. Plus, WhitePay supports global crypto payments and decentralized swaps!

Mining pools are the new gold rush for miners looking to boost their profits! Instead of going solo and playing the odds, these pools team up resources from multiple miners. 

Final Thoughts

WhitePool, brought forward by WhiteBIT, has become a formidable player in the global crypto market in a very short time. With its impressive mining offerings, which are complemented by systems like FPPS, it’s shaking up the market. As they continue to evolve and grow, WhitePool stands ready to capture even more opportunities, making waves for miners worldwide.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.