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Mining BTC and NMC at the same time?
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Topic: Mining BTC and NMC at the same time? (Read 1864 times)
TR4L
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Mining BTC and NMC at the same time?
November 23, 2013, 07:33:07 PM
#1
So I have been mining with my ASIC for a little while now, I was wondering if dual mining (or whatever it's called) with Namecoin will half the hash rate between the two or if it just does both at the same time (equally at the maximum potential hash rate for each coin)? If it splits the hash rate, why mine namecoin when you can make a lot more money mining BTC?
vm1990
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Re: Mining BTC and NMC at the same time?
November 23, 2013, 11:27:30 PM
#2
namecoin is computable with bitcoin you mine bitcoin and when a new block is added to the blockchain it submits the same block to namecoin and if its accepted it adds the the namecoin blockchain.. its a bit more complicated but i like to think of the simple answer at this time of night
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TR4L
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Re: Mining BTC and NMC at the same time?
November 25, 2013, 09:09:14 PM
#3
So it can be done at the same time, how?
Perseus353
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Re: Mining BTC and NMC at the same time?
November 26, 2013, 09:19:11 PM
#4
It used the same hashes.
Merge mining generally happens at the pool level, so you don't need to worry about doing anything for it if you're with BTC Guild or Bitminter.
Merge mining namecoins adds about 1-2% to the revenue at no extra cost. So it's worth it.
1CkV1H1CA67CjpG5QMxEgVU9tNto51DBHd
TR4L
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Re: Mining BTC and NMC at the same time?
November 26, 2013, 09:22:38 PM
#5
Quote from: Perseus353 on November 26, 2013, 09:19:11 PM
It used the same hashes.
Merge mining generally happens at the pool level, so you don't need to worry about doing anything for it if you're with BTC Guild or Bitminter.
Merge mining namecoins adds about 1-2% to the revenue at no extra cost. So it's worth it.
Thank you sir! That is what I was looking for!
CeeCee
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Re: Mining BTC and NMC at the same time?
November 27, 2013, 01:36:59 AM
#6
eligius is supporting merged mining with NMC too. and you have 0% Fees!
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