merged mining

[cnapsys]

Hey all,

I have recently set up my 2 antminers and they are both hashing away on eligius...
I noticed the other day that there is an option for adding a nmc address for merged mining.
How would I go about getting a nmc address?
My btc wallet was generated through the Armory installed on my pc.
I don't think armory has any support for nmc.
I read somewhere that you need to sign a msg with your btc wallet in order for eligius to accept your nmc addr.
Can I do that? And if so how?

Thank you in advance for your replies...

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[arcen]

its already merged mining on eligius.

to configure it - goto http://eligius.st/~wizkid057/newstats/mystats.php?cmd=options put ur nmc adress and sing it.  to have mnc adress - download namecoin wallet from http://namecoin.info/ and generate it.

[johny08]

you can also merge-mine other coins: IXC, DVC

[jonnybravo0311]

you can also merge-mine other coins: IXC, DVC

Not on Eligius.  If you run your own p2pool node, you can merge-mine BTC, NMC, IXC, I0C, FSC, HUC, DVC.  On Eligius, it's NMC and BTC.

Hey all,

I have recently set up my 2 antminers and they are both hashing away on eligius...
I noticed the other day that there is an option for adding a nmc address for merged mining.
How would I go about getting a nmc address?
My btc wallet was generated through the Armory installed on my pc.
I don't think armory has any support for nmc.
I read somewhere that you need to sign a msg with your btc wallet in order for eligius to accept your nmc addr.
Can I do that? And if so how?

Thank you in advance for your replies...

You need to download and install the NMC wallet locally.  To sign a message with Armory, go to Tools -> Message Signing.  Enter your message (copy it from the line on Eligius) and then put the resulting signature back in the box provided in the Eligius page.

[MajidBC]

Does merge mining make a considerable profit in comparison to solo (one coin) mining?

[xstr8guy]

You don't need to download a local wallet for namecoins to merge mine them. I just send mine to an exchange such as Cryptsy or BTC-e. I frequently Exchange them for BTC so I'm not worried about losing them if the exchange vanishes. Namecoins add about 1% to your total. DVC and IXC add virtually nothing and will never amount to much unless you're mining with multiple PH.

On the other hand, never use an exchange address for your mined bitcoins. Always use a local wallet.

[jonnybravo0311]

You don't need to download a local wallet for namecoins to merge mine them. I just send mine to an exchange such as Cryptsy or BTC-e. I frequently Exchange them for BTC so I'm not worried about losing them if the exchange vanishes. Namecoins add about 1% to your total. DVC and IXC add virtually nothing and will never amount to much unless you're mining with multiple PH.

On the other hand, never use an exchange address for your mined bitcoins. Always use a local wallet.

How are you merge mining NMC?  Are you running your own pool with your own custom code to do so?  To merge mine any coin along with BTC, your pool must be able to call getBlockTemplate and generateTransaction for each of the coins you're merge mining.  It needs to look at the current coin's block and see if the share being evaluated will solve that block.  It's not just point to some wallet address, or you could merge mine every single SHA-256 coin out there.

[xstr8guy]

You don't need to download a local wallet for namecoins to merge mine them. I just send mine to an exchange such as Cryptsy or BTC-e. I frequently Exchange them for BTC so I'm not worried about losing them if the exchange vanishes. Namecoins add about 1% to your total. DVC and IXC add virtually nothing and will never amount to much unless you're mining with multiple PH.

On the other hand, never use an exchange address for your mined bitcoins. Always use a local wallet.

How are you merge mining NMC?  Are you running your own pool with your own custom code to do so?  To merge mine any coin along with BTC, your pool must be able to call getBlockTemplate and generateTransaction for each of the coins you're merge mining.  It needs to look at the current coin's block and see if the share being evaluated will solve that block.  It's not just point to some wallet address, or you could merge mine every single SHA-256 coin out there.

I don't need to do any of what you said, the pool does it for me. Why are you trying to make this so complicated?

I mine on a pool (BTCGuild) that merge mines namecoin. I generated a NMC address on BTC-e and when my minimum payout is reached, BTCGuild sends the coins to the address.

[jonnybravo0311]

You don't need to download a local wallet for namecoins to merge mine them. I just send mine to an exchange such as Cryptsy or BTC-e. I frequently Exchange them for BTC so I'm not worried about losing them if the exchange vanishes. Namecoins add about 1% to your total. DVC and IXC add virtually nothing and will never amount to much unless you're mining with multiple PH.

On the other hand, never use an exchange address for your mined bitcoins. Always use a local wallet.

How are you merge mining NMC?  Are you running your own pool with your own custom code to do so?  To merge mine any coin along with BTC, your pool must be able to call getBlockTemplate and generateTransaction for each of the coins you're merge mining.  It needs to look at the current coin's block and see if the share being evaluated will solve that block.  It's not just point to some wallet address, or you could merge mine every single SHA-256 coin out there.

I don't need to do any of what you said, the pool does it for me. Why are you trying to make this so complicated?

I mine on a pool (BTCGuild) that merge mines namecoin. I generated a NMC address on BTC-e and when my minimum payout is reached, BTCGuild sends the coins to the address.

I wasn't trying to make it complicated - I just misunderstood you .  You're absolutely right. A number of pools already merge-mine NMC: Eligius, GHash, BTCGuild... probably others.  All you need to do is supply your NMC address, which you can certainly do by creating one on an exchange like BTC-e or by downloading and installing NMC.  Sorry about the confusion.