A Guide to Mining ETC with Binance Pool

Ethereum Classic (ETC) remains a significant proof-of-work blockchain, and mining it can be a rewarding endeavor for those with the right hardware and setup. Using a reputable pool like Binance Pool can enhance your mining efficiency and simplify the process of earning rewards. This guide provides a clear, step-by-step walkthrough for configuring your equipment to mine ETC successfully.

Prerequisites: Hardware and Environment

Before you begin, ensure you have the necessary mining hardware. The primary requirement is a capable GPU (Graphics Processing Unit). Both NVIDIA and AMD graphics cards are supported. Crucially, your card should have a minimum of 4GB of video memory (VRAM) to handle the Ethereum Classic mining algorithm effectively. Additionally, you will need a stable internet connection and a desktop environment running Windows, Linux, or Hive OS to install and manage your mining software.

Step-by-Step Mining Configuration

The core of the mining process involves configuring your mining software to connect your hardware to the Binance Pool servers.

1. Creating a Mining Account

To start mining with Binance Pool, you must first create a dedicated mining account within the Binance ecosystem. This account is different from your standard Binance exchange login and is specifically used to identify you as a miner on the pool. This account name will be used in your mining software configuration in place of a traditional wallet address.

👉 Learn how to set up your mining account

2. Server Configuration Details

To connect your miner to the pool, you need to use the correct server address and port. For Binance Pool's ETC mining, use the following connection details:

• Algorithm: Etchash
• Server URL: stratum+tcp://etc.poolbinance.com:1800
• Supported Ports: 25, 443, 3333, 8888

Important Note: Since you are using a mining account, you must replace "Your_Mining_Account" in any example configuration with the actual username of your Binance Pool mining account. The "worker name" (e.g., Rig0) is an identifier for your individual mining rig and can be any combination of letters and numbers.

3. Miner Software Configuration Examples

Your choice of mining software will determine the exact configuration syntax. Here are examples for three popular miners:

• NBMiner:

  nbminer -a etchash -o stratum+tcp://etc.poolbinance.com:1800 -u Your_Mining_Account.Rig0 -log
  pause

• T-Rex Miner:

  t-rex.exe -a etchash -o stratum+tcp://etc.poolbinance.com:1800 -u Your_Mining_Account -p x -w rig0
  pause

• GMiner:

  miner.exe --algo etchash --server etc.poolbinance.com:1800 --user Your_Mining_Account.Rig0
  pause

  Save the configuration for your chosen miner as a .bat file (on Windows) or a equivalent script file on other operating systems.

Initiating the Mining Process

Once your configuration file is ready, simply double-click to run the "mine_etc.bat" file (or your chosen script's name). This will launch the mining software, which will begin connecting to the pool and utilizing your GPU's power to solve computational problems. The command window will display a real-time log of your connection status and your rig's hashrate.

Monitoring Your Mining Performance

After starting the miner, it will take some time for your statistics to propagate through the pool's system. You can typically expect to see your hashrate reflected on the pool's dashboard within approximately 10 minutes.

To view your performance:

1. Log in to your Binance Pool account.
2. Navigate to the main dashboard.
3. Select the "Workers" or "Miners" tab.
   Here, you will be able to see the reported hashrate for each of your connected workers, confirming that your rig is actively contributing to the pool.

Tracking and Withdrawing Your Earnings

Your accumulated mining rewards are automatically calculated by the pool. To view your daily earnings and payout history:

1. Within the Binance app or website, go to the "Finance" section.
2. Select "Binance Pool."
3. Click on "Earnings" or "Revenue."
   This section provides a detailed breakdown of your estimated and confirmed rewards from mining ETC.

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Frequently Asked Questions

What is the minimum payout for ETC on Binance Pool?
Payout policies can vary, but pools typically have a minimum threshold that must be met before rewards are automatically sent to your linked exchange wallet. It's best to check the "Earnings" section in your Binance Pool account for the most current minimum payout information.

Can I use a CPU to mine ETC?
While technically possible, CPU mining for ETC is not profitable due to the extremely low hashrate compared to modern GPUs and dedicated ASICs. Using a GPU is essential for any meaningful return.

Why can't I see my hashrate on the dashboard?
If your hashrate isn't showing, first confirm your miner is running and connected. Then, verify that you entered your mining account username and worker name correctly in the configuration file. Also, ensure there are no firewall or antivirus programs blocking the mining software's connection.

How often does Binance Pool pay out mining rewards?
Payout frequency is often daily, but it depends on the pool's specific policy. Rewards are usually distributed after a certain number of block confirmations on the ETC network. You can find the exact schedule and details in the Binance Pool help section.

Is it necessary to have a Binance exchange account to use Binance Pool?
Yes, you need a Binance exchange account to access the Binance Pool services. Your mining account is linked to your main exchange account, and your earnings are ultimately paid out to your Binance funding wallet.

What does the 'pause' command do in the .bat file?
The pause command is used in Windows batch files to keep the command window open after the script runs. This is useful for seeing any error messages if the miner fails to start or crashes immediately. For 24/7 operation, you may choose to remove this command.