Guide: Merge Mining 6 Scrypt Coins At Full Hashpower, Simultaneously
Merged Mining. Merged mining works by solving for hashes which are valid across multiple blockchains. The best-known example of merged mining is Bitcoin / Namecoin, a simple explanation of which can be found here. As Namecoin cloned the SHA256 method employed by Bitcoin, a miner's hash could solve a block on either chain with equal probability. Of course, this equal probability demands both blockchains be of equal difficulty. Namecoin's difficulty was driven far higher than its value by maintaining merged mining through linkage to Bitcoin's difficulty. But it seems a new type of pool has....
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Genesis Mining, as per own words world’s leading scrypt hashpower provider, just announced to support DarkCoin as user payout currency and LiteCoin implementation into their payment system! DarkCoin implemented using their unique autotrading techniques where the user’s hashpower will mine the most profitable scrypt coin and have it exchanged to DarkCoin. Genesis Mining is using this technique very successful for BTC already. With their implementation of the possibility to pay the contracts with LiteCoin also, they are one of the first big companies to be a true “multi currency company”. We....
After months of battling a looming low hashrate on the horizon, Dogecoin developers have decided it is in the currency's best interest to merge-mine with Litecoin using Auxillary Proof-of-Work (AuxPoW). Technically all Scrypt coins with a higher difficulty than Dogecoin will be merge-mined, but only Litecoin holds that criteria making the verbiage on merge-mining clear. Although many in the Dogecoin community wish to break themselves away from the "merge-mining" verb usage, what's true is true. If Litecoin were to disappear tomorrow, AuxPoW would still be in effect for Dogecoin. Until....
The Bitcoin community can breathe a sigh of relief! Online marketplace for cloud mining hash power Scrypt. CC has just announced that it will enable Bitcoin withdrawals and hashpower trading soon. The announcement can be seen on the company's website. On June 22, Scrypt. CC became the victim of an online attack where hackers stole an undisclosed but a big amount of Bitcoin and hashing power. The attack took place when the admin Marcelo Santos was in the final step of finishing the server upgrade. The company had then advised the customers to not deposit any more funds as the hackers still....
The image above is a new USB miner similar to the ASICMiner's Block Erupters. The price tag is $98, with bulk discounts typical of Chinese manufacturers, for dual mining capabilities. This bad boy can mine Bitcoin and Litecoin at the same time! The device offers 60 khash/s for a total energy usage of around 4 watts. A total of 10 dualminer USB miners would run a total of $921.20 and net in 600 khash/s for 40 watts, compared with an HD 7950 that costs $300 and also produces 600 khash/s but using closer to 250 watts. The energy savings could potentially add up over the course of a year and....
As bitcoin mining increasingly becomes more of a professional pursuit, hobbyists and newcomers have turned their attention to scrypt mining. So, at CoinDesk, we wondered, 'why not try scrypt mining ourselves?'. Watch the video to see how well we fared: . We got our hands on a Gridseed G-Blade miner, one of the first scrypt miners in the market to use ASIC chips. ASIC chips have been used to mine bitcoin for over a year, now they are making their way into scrypt mining. That's making scrypt even more attractive to newbies. MinerEU is the European distributor for the China-based manufacturer....