Binance Pool Partners with BitRiver

Binance Pool, an inclusive cryptocurrency mining platform, today announced its partnership with BitRiver, a provider for mining in the Commonwealth of Independent States (CIS). BitRiver has added a node of Binance Pool to its full-service cryptocurrency mining datacenter in the city of Bratsk, Russia, according to the announcement.

The collaboration is aimed at creating a comprehensive infrastructure for the entire crypto and mining industry in Russia and CIS. Binance Pool’s node will enable BitRiver’s customers to have a more reliable and higher quality connection between their mining devices at BitRiver’s data center and Binance Pool’s platform.

“Binance Pool offers a highly competitive fee structure to institutional-scale miners, who are the customers of our data center. By having Binance Pool’s node in our data center, our customers from across the globe can now enjoy a more reliable and higher quality connection from Binance Pool,” said Igor Runets, CEO at BitRiver. “This would not only reduce network latency and potential downtimes but also lower the rejection rate of blocks, directly translating into better gains for Binance Pool users from our data center.”

“Bitriver is one of the largest data centers in Russia and CIS and we highly appreciate that the Сompany tested and evaluated our range of services for cryptocurrency miners. Binance and BitRiver’s collaboration allows strengthening the level of services and expanding access to our customers, ” Gleb Kostaev, Binance’s director in Russia and CIS, noted.

Binance, a global Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term, cryptocurrency infrastructure provider, announced the launch of Binance Pool last April. Binance Pool provides more opportunities and financial tools for miners and the mining industry. It is integrated into the Binance ecosystem, allowing users access to its suite of derivatives products including Binance Futures, Spot and Margin trading, Binance Savings, Binance Staking, and OTC services.

BitRiver

Founded by Igor Runets in 2017 and headquartered in Moscow, BitRiver LLC provides Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term services and turnkey solutions for large-scale cryptocurrency mining operations to institutional investors around the world. The firm employs over 50 full-time staff in three offices across Russia and full-time sales representatives in China, Japan, UAE, and the USA. BitRiver currently utilizes only surplus hydroelectric power to operate the largest data center that offers co-location services for cryptocurrency mining in Russia and the CIS region.