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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Syscoin - Business on the Blockchain
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on: August 28, 2014, 02:17:40 AM
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Merged mining works by taking the "work" done to solve a block on a different scrypt coin- lets say Litecoin in this case - and reusing that "work" to solve Syscoin blocks. This effectively nets the miner 2 coins for the "work" of one. You can see how this will not only increase the network hashrate exponentially, its also more cost effective for miners and improves the distribution of Syscoin in general.
Ehm, ok . But how do I start merge mining:)?
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