The OKEx exchange expands and focuses on its mining pool
Mining

The OKEx exchange expands and focuses on its mining pool

By Matteo Gatti - 12 Aug 2019

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The administrative board of the OKEx exchange has decided to considerably expand the platform’s services and is focusing on growing its own mining pool, OK Pool. The goal is to diversify the business so as to involve also miners and not only traders.

OKEx is currently one of the major exchanges worldwide. It was launched in 2017 and is headquartered in Malta.

OKEx launches OK Pool

During an interview, Alina Yao, head of the OK Pool project, confirmed that although trading is still the core service of the exchange, which has recently been expanded thanks to the OK Jumpstart program, analogous to Binance‘s Launchpad, the mining pool is considered equally important.

“In my opinion, if futures trading is OKEx’s left hand, OK Pool is OKEx’s right hand. OK Pool will be working on two directions in the future – proof of work (PoW) mining and non PoW business, such as proof of stake (PoS) and delegated proof of stake (DPoS) mining … We’re confident that we will become the global leader”.

OK Group is the heart of the whole project. It was created not only to serve users but also to help teams developing blockchain projects.

Joining the mining pool is easy thanks to OKEx’s user-friendly platform. It is necessary to specify the desired hashrate and then it is possible to choose which cryptocurrency to mine. OK Pool currently supports BTC, BCH, BSV, LTC, ETH, ETC, DASH, DCR and ZEC. The EOS lock-up mining has also been available for a few days.

After choosing which cryptocurrency to mine, it is obviously possible to switch to another one so as to achieve maximum profitability. OKEx has provided tutorials and guides to explain to users how to best set up their mining hardware. Payments are made on a daily basis.

 

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