Bitcoin Forum

Hello hello!  Since I'm still restricted, I'll ask here.  I understand how merged mining works and I (kinda) understand the reason for namecoins but wouldn't merged mining hurt the value of namecoins?

I just checked bitparking and the last exchange rate is 1NMC=0.0066BTC (the highest I saw was .01BTC yesterday).  I suppose that's great if you only use namecoins but wouldn't the rush devalue it (depending on your pool, you could be mining 6NMC:1BTC).

It does appear that merged mining has done some funny things to the price of NMC, so you might be on to something there.

Merged mining won't increase the amount of namecoins mined, just like adding a huge server farm to bitcoin mining won't change the amount of bitcoins mined.
It may influence the rates in different ways, but that's hard to predict…

NMC wasn't intended as a currency but as a method of fairly allowing the registration of domain names.  As such it doesn't matter what the value of an NMC token is.  $10,000 USD $0.00000001 USD each is rather irrelivent. 

For those who are speculators and purchased huge amounts of NMC in naive hope to corner the market the price drop is a huge loss but for everyone else merged mining is only a plus.   NMC is now secure against 51% attack, has more stable block time, and you can will register .bit domain names.

In time the value of (NMC + BTC) will be ~= BTC prior to merged mining*

*If all other factors remain the same (which they never are).

This merged mining is a pain in the butt. I only want BTC. I should have paid atterntion, as I did not realise the pool I was using had switched to merged mining  >:(

Mining NMC is a waste of your miners' time.

No it isn't.  You don't earn 1 BTC less w/ merged mining.

I agree, it doesn't take any longer to mine BTC.  For now anyway since NMC difficulty is so low.  Difficulty just went up almost 50%, however, and BTC went down by about 1%.  Also, NMC:BTC is 109.8 or 0.0091 (BTC:NMC).