The world of cryptocurrency mining continues to evolve, and one of the latest developments comes from Binance Pool—the mining arm of the global digital asset exchange Binance. As of late 2022, Binance Pool has officially launched support for RavenCoin (RVN) mining, expanding its suite of available cryptocurrencies for miners worldwide.
This strategic addition positions RVN as a more accessible and viable option for both individual and institutional miners seeking efficient, transparent, and reliable mining infrastructure. With this update, Binance Pool reinforces its commitment to supporting community-driven blockchain projects that emphasize decentralization and fair distribution.
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What Is RavenCoin (RVN)?
RavenCoin is an open-source blockchain platform launched in January 2018, designed specifically for the transfer of assets such as tokens representing real-world items, digital collectibles, or even shares. Built on a fork of Bitcoin’s codebase, RVN focuses on enabling peer-to-peer asset transfers with enhanced speed and lower fees compared to traditional blockchain networks.
One of RVN’s standout features is its use of the KAWPOW consensus algorithm, an ASIC-resistant proof-of-work protocol designed to level the playing field between casual GPU miners and large-scale ASIC operations. This design philosophy aligns with broader industry goals of maintaining network decentralization and preventing mining centralization by specialized hardware.
Despite earlier speculation about potential ASIC development—sparked by a joint AMA session between Bitmain and the RavenCoin team—RVN has largely remained GPU-mineable, preserving accessibility for smaller participants in the ecosystem.
Key Features of Binance Pool’s RVN Mining Service
Binance Pool’s integration of RavenCoin mining brings several advantages to users:
PPS+ Payment Model
Binance Pool utilizes the PPS+ (Pay Per Share Plus) reward system for RVN mining. This model offers miners stable and predictable income by paying out rewards for each valid share submitted, regardless of whether a block is found. The “Plus” component includes transaction fees, ensuring miners receive a fair share of all block rewards.
Compared to other models like FPPS or PROP, PPS+ reduces payout volatility while slightly increasing the pool's risk—making it ideal for miners who prioritize consistency over long-term variance optimization.
Low Mining Fee: Just 1%
A major draw for miners is the 1% mining fee applied to all RVN payouts. This competitive rate ensures that participants retain the vast majority of their earnings, especially important in an environment where profit margins can be tight due to fluctuating coin prices and electricity costs.
Low fees combined with high uptime, robust security, and real-time monitoring tools make Binance Pool a strong contender in the mining service space.
Global Accessibility and Infrastructure
With servers distributed across multiple regions—including Asia, Europe, and North America—Binance Pool minimizes latency and maximizes connection stability. This global footprint ensures that miners around the world can connect efficiently, reducing stale shares and improving overall hashing performance.
Why Mine RavenCoin in 2025?
While some may question the relevance of RVN years after its launch, several factors suggest continued viability:
- Active Development Community: The RavenCoin project maintains regular updates, wallet improvements, and network enhancements.
- Niche Use Cases: Its focus on asset issuance makes it attractive for creators, artists, and small businesses exploring tokenization without relying on Ethereum or other smart contract platforms.
- Decentralized Mining Ecosystem: Unlike many PoW coins now dominated by ASICs, RVN remains largely mineable using consumer-grade GPUs, lowering entry barriers.
Moreover, integration with major pools like Binance increases visibility and trust in the network, potentially attracting new miners and investors alike.
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Frequently Asked Questions (FAQ)
Q: Is RavenCoin mining still profitable in 2025?
A: Profitability depends on several factors including electricity cost, GPU efficiency, and current RVN market price. However, with low pool fees and consistent block rewards, RVN remains a competitive option—especially for those already invested in GPU mining rigs.
Q: Do I need special hardware to mine RVN on Binance Pool?
A: No. RavenCoin uses the KAWPOW algorithm, which is ASIC-resistant and optimized for GPU mining. Most modern graphics cards from NVIDIA or AMD can effectively mine RVN.
Q: How often are payouts distributed?
A: Binance Pool processes RVN payouts automatically once your balance reaches the minimum threshold. You can monitor your earnings and withdrawal status through the user dashboard.
Q: Can I mine RVN alongside other coins?
A: Yes. Some multi-algorithm mining software allows concurrent mining across compatible chains, though this may affect overall system performance and heat output.
Q: Is there a risk of RVN becoming ASIC-dominated?
A: While discussions have occurred—such as during the Bitmain AMA—the core team has consistently opposed ASIC centralization. Ongoing algorithm adjustments help maintain fairness for GPU miners.
Q: How do I get started with RVN mining on Binance Pool?
A: Simply create a Binance account, navigate to the Binance Pool section, select RavenCoin, configure your miner using the provided stratum server details, and begin hashing.
Strategic Implications of Major Exchange Support
The decision by Binance Pool to support RVN signals growing recognition of niche but resilient blockchain projects. It reflects a broader trend among major platforms to diversify offerings beyond mainstream coins like Bitcoin and Ethereum.
For RVN holders and miners, this partnership enhances credibility and infrastructure reliability. It also opens doors for future integrations—such as staking, trading pairs, or even DeFi applications—on one of the world’s largest crypto exchanges.
Additionally, increased mining pool competition drives innovation in user experience, fee structures, and technical support—benefiting the entire mining community.
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Final Thoughts
The launch of RavenCoin mining on Binance Pool marks a significant milestone for both the RVN ecosystem and the broader mining landscape. By offering a stable, low-fee environment with proven scalability, Binance strengthens its position as a go-to destination for diverse proof-of-work assets.
As decentralized networks continue to expand their utility beyond simple currency transfer, projects like RavenCoin demonstrate how targeted blockchain solutions can thrive with proper infrastructure support.
Whether you're a seasoned miner or exploring your first foray into GPU-based crypto mining, RVN on Binance Pool presents a compelling opportunity worth considering in 2025 and beyond.
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