KuCoin Launches DOGE & LTC Mining Pools, BTC Pool Due This Month
KuCoin has launched its KuPool mining pool, integrating dedicated Dogecoin (DOGE) and Litecoin (LTC) pools with its exchange and KuMining platform. The KuCoin mining pool uses the PPLNS reward system and charges a 2% fee for DOGE and LTC mining, with a 0.5% fee set for the soon-to-launch Bitcoin (BTC) pool due later this month. Miners connect via the Stratum protocol and access a web-based dashboard with real-time hashrate, payout stats, and a built-in profit calculator. By offering competitive fees, GPU and ASIC compatibility, and unified trading and mining tools, KuPool aims to attract solo miners and boost network liquidity. Traders should watch for shifts in DOGE, LTC, and BTC hash rates and coin supply dynamics as KuPool scales.
Neutral
The launch of KuCoin’s mining pools improves infrastructure, reduces fees, and may boost network hash rates and liquidity. While lower fees could enhance miner profitability and support network security, direct price impact on DOGE, LTC and BTC remains uncertain due to broader market factors. In the short term, increased mining capacity might slightly raise supply if miners sell rewards, potentially exerting minor downward pressure. In the long term, improved mining infrastructure could strengthen network health and attract more participants, which may be positive. Overall, impact is neutral, reflecting infrastructure development rather than an immediate demand shift.