Jumbucks Releases a Multicoin Multipool With Launch Partner Pinkcoin
Jumbucks is proud to announce support for Pinkcoin
as an addition to the Jumbucks multipool
. This addition increases the overall hash power of the Jumbucks multipool and provides the Pinkcoin community with an excellent resource to provide additional buy pressure for their coin. Jumbucks humbly invites other coins to join their multicoin multipool!
"With a good portion of the Pinkcoin community having been introduced to mining via Jumbucks, it only makes sense that we continue to mine our own coin through a JBS mining tool. We are excited to introduce the ability to mine Pinkcoin whilst benefiting another good community and their coin." - Fayoling, Pinkcoin core developer
Proof of Work mining has always been an important facet of cryptocurrencies as solving a proof of work puzzle is what secures the block chain of many coins and also forms the basis of a coin’s supply.
Coins which are in the 100% Proof of Stake phase however do not have the interest of miners on board once the initial proof of work mining period has completed. A multipool is a great way for Proof of Stake coins to continue to service the greater mining community.
Proof of Work coins can also benefit from a multipool as they may have reached the point in their coin’s emission schedule where it is no longer profitable for miners to mine the coin directly. Miners in this case primarily serve to secure the block chain or to process transactions. Often times miners leave as there is no financial incentive to mine the coin.
The multicoin multipool works by allowing Pinkcoin miners to mine to a Pinkcoin address and be paid out in Pinkcoin. It works transparently just like having its own dedicated multipool. In exchange, 5% of the hash power of Pinkcoin miners will go towards the Jumbucks miners. This 5% can be considered the “fee” for running the multipool and providing this service but also gives Jumbucks miners an additional bonus.
The team at Jumbucks is always thinking outside of the box and believe this is a positive step in ensuring the longevity and sustainability of the multipool. By combining the hashing power of multiple coin communities the overall hash power for mining is increased which allows the multipool to run more consistently and find more blocks. It is a win win situation for all involved.
Jumbucks was designed as a community coin at its heart. This purity of conception allows it to be free of politics or agendas. The coin exists to share and be shared without constraints.
In one week, Jumbucks will announce another coin addition to the multicoin multipool. The team at Jumbucks would like to invite other coins and their communities to join the Jumbucks multicoin multipool!