Bitcoin Forum
September 22, 2024, 08:40:52 AM *
News: Latest Bitcoin Core release: 27.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Merge Mining and ASIC Resistance  (Read 164 times)
bobthegrownup (OP)
Member
**
Offline Offline

Activity: 194
Merit: 29


View Profile
June 13, 2018, 07:05:07 PM
 #1

I recently read about a new project that believes they can merge mine their new token AND be ASIC resistant. Wouldn't that require a hash change on bitcoin core? Or can they have a different hashing algorithm and STILL merge mine?

 
Littledragons
Full Member
***
Offline Offline

Activity: 294
Merit: 102



View Profile
June 13, 2018, 07:23:49 PM
 #2

You can merge mine with a few different coins. The ones I know of are SHA-256 and Scrypt - both are ASIC dominated as you are probably aware of, but this doesnt actually detract from the baseline hashrate.

Im not 100% on how it works, but you have to run two daemons, one for each coin and it will accept shares for each coin separately. So - no it will not require any sort of BTCore change, especially if they are already based on something more resistant like neoscrypt or something.

T r a x i o n                              TRADE AND EARN DURING PRE-ICO
TRANSITIONS YOU TO A CRYPTO-READY SOCIETY        Pre-Sale starts April 15, 2018
GITHUB     TELEGRAM     MEDIUM     FACEBOOK     TWITTER     REDDIT     YOUTUBE
bobthegrownup (OP)
Member
**
Offline Offline

Activity: 194
Merit: 29


View Profile
June 13, 2018, 07:42:50 PM
 #3

Yes the goal is to be more ASIC resistant -- so SHA-256 and Scrypt aren't the solution

So you think we can use neoscrypt or equihash for our token and continue merge mining?
aironeous
Member
**
Offline Offline

Activity: 99
Merit: 10


View Profile
June 13, 2018, 08:56:58 PM
 #4

Minergate used to let you merge mine Monero with Fantomcoin. I wonder if a pool could make that work with Electroneum?
Well I'm mining on a small pool when I get home from work every night etn.optimusblue.com
I'm planning on renting some hash power and point it there. Decentralization is important so if a number of us did that at the same time and we got that pool up in the 3 MH/s range we could be scoring some regular blocks instead of them all going to nanopool and spacepools.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!