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Author Topic: Parallel mining with BF labs Single SCs?  (Read 1581 times)
Fking (OP)
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September 04, 2012, 02:55:50 PM
 #1

What else we will be able to  mine (simultaneously) with those?
DeathAndTaxes
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September 04, 2012, 02:57:59 PM
 #2

The term is merged mining.  You will be able to mine any system which uses SHA-256 as its mining algorithm and supports merged mining.  

Currently namecoin and a bunch or nearly worthless alt-coins.  
Fking (OP)
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September 10, 2012, 10:06:01 AM
 #3

so, seems like at the moment merged mining could bring very very little on top of the BTC mining?
miner3gazillionand8
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September 11, 2012, 03:21:11 AM
 #4

the one alt that really had interesting alt value was namecoin, but when mereged mining gave all of the bc miners nmc, they wanted to sell it immediately, so the nmc value plummeted and has dropped regularly.
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September 20, 2012, 10:27:48 AM
 #5

namecoin Last Price:   0.00181609

i suppose the rewards are similar to the bitcoin ones?

so quite pointless for now
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September 20, 2012, 12:38:47 PM
 #6

I see the price of namecoin going up in the future.
Not close to BTC but when a namecoin is spent to register a keypair on the network it is destroyed.

So if demand for registering key pairs on a globally distributed database that can't be shut down outweighs the generation of them the price will go up.

First there was Fire, then Electricity, and now Bitcoins Wink
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