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Parallel mining with BF labs Single SCs?
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Topic: Parallel mining with BF labs Single SCs? (Read 1595 times)
Fking
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Parallel mining with BF labs Single SCs?
September 04, 2012, 02:55:50 PM
#1
What else we will be able to mine (simultaneously) with those?
DeathAndTaxes
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Gerald Davis
Re: Parallel mining with BF labs Single SCs?
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
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Re: Parallel mining with BF labs Single SCs?
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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Re: Parallel mining with BF labs Single SCs?
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.
Fking
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Re: Parallel mining with BF labs Single SCs?
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
Saturn7
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Re: Parallel mining with BF labs Single SCs?
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
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