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Author Topic: Create a new SHA256 coin ?  (Read 1742 times)
markm
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May 11, 2013, 02:29:04 PM
 #21

For example the Massively Merged Mining p2pool at dvcstable01.devcoin.org:10332 pays out 100% of the bitcoins (that is, it is a NO FEE POOL for bitcoins) plus it also merges NMC, DVC, GRP, I0C, IXC, CLC and XGG alongside.

How to join this pool?
I don't see a registration link on dvcstable01.devcoin.org:10332... ?

It is p2pool.

Use a bitcoin address as username, password isn't even used just anything can be put as password.

The bitcoins go out in the coinbases transactions.

It is effectively just a zero fee bitcoin-mining pool so far because there is not yet any tool for paying any extra yet, p2pool cannot do "negative fees" so cannot be set to send out more bitcoins than it mines.

So a bounty has been set up for a tools that can divvy up coins in proportion to work. With such a tool a pool could sell all the altcoins for devcoins and send out devcoins, since devcoin addresses are identical to bitcoin addresses. Or of course, a pool that isn't aimed at promoting devcoins could sell all the altcoins for bitcoins and divvy up the bitcoins similarly, to attract miners who only care about bitcoins by simply paying them more than 100% of the bitcoins mined.

-MarkM-

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