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Author Topic: What is Slush doing with all the NMC?  (Read 1813 times)
GriffinHeart
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September 13, 2015, 09:48:15 AM
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So, namecoin and bitcoin have merged mining, we all know that, heck, the main dashboard on the slush's pool website shows all the namecoin blocks that are discovered and mined... So they've disabled the namecoin payouts for years now, namecoin is still being mined by the pool... So where is all the namecoins mined going? Straight into his pocket? 1 NMC = ~ 40 US cents and the pool's scoring hashrate is ~ 30 Petahashes. That is a hell of a lot of coin. If it isn't going down his fat gullet, then where is all of it disappearing to?

Hi there, I'm from South Africa.
This means I'm poor, I guess.
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el_rlee
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September 13, 2015, 09:52:38 AM
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Same goes for many pools.
eleuthria
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September 13, 2015, 07:08:45 PM
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So, namecoin and bitcoin have merged mining, we all know that, heck, the main dashboard on the slush's pool website shows all the namecoin blocks that are discovered and mined... So they've disabled the namecoin payouts for years now, namecoin is still being mined by the pool... So where is all the namecoins mined going? Straight into his pocket? 1 NMC = ~ 40 US cents and the pool's scoring hashrate is ~ 30 Petahashes. That is a hell of a lot of coin. If it isn't going down his fat gullet, then where is all of it disappearing to?

Slush wasn't merged mining for over a year, it only just started up again (I assume it's an option on the site somewhere to opt-in to receiving them).  And while 1 NMC = $0.40, a pool only generates ~2.5 NMC blocks per BTC block.  It's hardly a "lot of coin" compared to the BTC being taken in via fees.  EDIT:  Okay, it's actually about a 20% increase in pool revenue for a 2% fee pool if they keep 100% of the merged mined NMC.  Of course, selling that many coins will drop the price quite a bit.

RIP BTC Guild, April 2011 - June 2015
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September 13, 2015, 08:04:08 PM
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https://mining.bitcoin.cz/news/enjoy-namecoin-merged-mining/

under the rewards page my bad

https://mining.bitcoin.cz/accounts/profile/rewards/?page=1


These links may or may not  answer all your questions, if you look at the top of the rewards page there is link  to check the NMC you are mining.

For security, your account has been locked. Email acctcomp15@theymos.e4ward.com
GriffinHeart
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September 15, 2015, 01:20:44 PM
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There is no option to set a NMC wallet address on slush's pool, so I'm just going to assume that they are pocketing it from the miners.

Hi there, I'm from South Africa.
This means I'm poor, I guess.
eleuthria
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September 15, 2015, 09:46:42 PM
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There is no option to set a NMC wallet address on slush's pool, so I'm just going to assume that they are pocketing it from the miners.

It was pointed out in the post above yours if you read it.  Slush converts the NMC to BTC and credits it to miners as BTC.

RIP BTC Guild, April 2011 - June 2015
GriffinHeart
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September 18, 2015, 01:18:51 PM
 #7

There is no option to set a NMC wallet address on slush's pool, so I'm just going to assume that they are pocketing it from the miners.

It was pointed out in the post above yours if you read it.  Slush converts the NMC to BTC and credits it to miners as BTC.

Ah, that's a shame, the pool could've done a world of good for Namecoin if they just left it as it was.

Hi there, I'm from South Africa.
This means I'm poor, I guess.
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