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Title: bitcoin ASIC for Namecoins Post by: slk_wow on December 19, 2013, 08:20:00 PM Hey Guys,
Bit coin ASICs do mine Namecoins ? I wanna mostly mine to support this DNS system, not for profit. Yours Newbie Title: Re: bitcoin ASIC for Namecoins Post by: gerbill on December 19, 2013, 08:25:03 PM Hey Guys, Bit coin ASICs do mine Namecoins ? I wanna mostly mine to support this DNS system, not for profit. Yours Newbie Namecoins use the same SHA-256 algorithm as Bitcoins do, so I see no reason why ASIC shouldn't mine Namecoins. Never done it myself tho Title: Re: bitcoin ASIC for Namecoins Post by: TheJohnno on December 19, 2013, 08:28:05 PM Okay - I'm a complete newbie and I have heard of this ASIC stuff quite a few times recently - is it something I can or should be trading in terms of crypto currencies ? John.
Title: Re: bitcoin ASIC for Namecoins Post by: slk_wow on December 19, 2013, 08:28:19 PM I also never saw it, may be it will be profitable as well, coz of smaller network hash rate. If it is doable, i will by some old bitcoin miner and will run it.
Title: Re: bitcoin ASIC for Namecoins Post by: SlidingHorn on December 19, 2013, 08:35:33 PM Okay - I'm a complete newbie and I have heard of this ASIC stuff quite a few times recently - is it something I can or should be trading in terms of crypto currencies ? John. ASIC (in this case) is essentially a chip designed specifically for mining SHA-based coins. Read more here: http://en.wikipedia.org/wiki/Application-specific_integrated_circuit Title: Re: bitcoin ASIC for Namecoins Post by: mindfulmojo on December 19, 2013, 08:37:44 PM Different pools will mine bitcoin and namecoin concurrently. I use https://bitminter.com/ and that one does it. Title: Re: bitcoin ASIC for Namecoins Post by: TheJohnno on December 19, 2013, 08:42:43 PM Many thanks for that SlidingHorn - I'm still on a pretty steep learning curve so good to have a ''one stop site'' where I can get pointed in the right direction :)
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