KuMining, Kucoin’s cloud mining platform, has added ELA rewards as part of its BTC merged mining setup, so users who join BTC mining on KuMining can also earn ELA alongside their BTC. This step adds more hash-rate for ELA merged mining and broader miners participation, which helps strengthen day to day security.
What KuMining is
KuMining is KuCoin’s cloud mining platform, built so people can participate in mining without buying hardware or running a loud, always-on setup at home. You choose a product on KuMining, and payouts are handled through KuCoin’s system.
Why ELA rewards
Elastos uses Bitcoin merged mining (AuxPoW). In plain terms, Elastos can “ride along” with Bitcoin’s Proof of Work, so Bitcoin’s hashpower can also secure Elastos. ELA merged mining lets miners earn extra ELA rewards while Elastos borrowing Bitcoin’s security base without any significant extra cost for the miners.
KuMining supporting BTC merged mining that includes ELA rewards, means:
- more people can contribute to ELA merged mining through a major platform.
- ELA’s security support becomes less dependent on fewer routes,
- the network gets stronger through wider pool participation.
Where to go from here
- KuCoin listed ELA in 2018 and has remained a long running partner supporting the Elastos ecosystem. You can access ELA on KuCoin via the ELA market page on KuCoin.
- To learn more about Elastos and Bitcoin merged mining, see Bitcoin and Elastos Network Computing Power
- To begin BTC mining through KuMining and receive ELA rewards through the merged mining setup, visit the KuMining section on KuCoin.
