Binance (BNB) Has No Plans to Enter Bitcoin (BTC) Mining, CZ Says

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Binance (BNB) Has No Plans to Enter Bitcoin (BTC) Mining, CZ Says
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Will Binance $BNB enter Bitcoin mining segment? cz_binance shares his plans Binance

As such, there are many competitors in the mining segment that have more of an advantage than Binance . At the same time, it will keep operating its mining pool, which should not be confused with hash mining itself:

Binance Pool is the fifth largest pool in Bitcoin . It is responsible for producing 28.96 EHashes per second or roughly 7.71% of net Bitcoin network hashrate as of June 2023. He admitted that LN cannot be integrated into Binance's tooling"as is" due to security reasons. Namely, to ensure safe keys management, Binance utilizes pre-generated Bitcoin addresses, which is impossible in LN. As a result, Binance is going to start testing Lightning integration with small amounts of money.

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