KuCoin has officially announced the launch of KuPool, a new mining pool service integrated into its existing ecosystem, aimed at both seasoned mining professionals and newcomers. The service will initially support popular proof-of-work (PoW) assets such as Dogecoin (DOGE) and Litecoin (LTC), with plans to include Bitcoin (BTC) in the near future.
KuPool is designed to offer a user-friendly and secure experience for miners, regardless of their level of expertise. The platform emphasizes a trust-based verifiable hash rate mechanism, which distinguishes it from other mining pools. This innovative approach is coupled with a comprehensive profit-sharing system that allows global miners to receive fair and auditable reward distributions. The KuCoin representative highlighted that the trust-based mining model extends beyond technological advancements; it embodies the company’s core philosophy of transparency and reliability.
The new service aims to enhance collaboration among independent miners by consolidating their resources, thereby increasing the likelihood of successfully mining blocks and earning token rewards. KuPool will focus on simplicity and security, making it more accessible for users while still catering to the demands of experienced miners.
As the first assets are introduced, the platform will also prioritize maintaining a high hash rate and offering stable yields to ensure user retention and satisfaction. KuPool’s mission aligns with KuCoin’s broader goal of promoting equitable hash rate distribution on a global scale, advocating for openness and technological innovation in the mining sector.
With these ambitious plans, KuPool is set to not only enhance KuCoin’s service offerings but also establish a significant foothold in the competitive mining pool landscape.
