Quote from: slush on October 10, 2011, 04:20:32 PM

Quote from: JackRabiit on October 10, 2011, 04:15:09 PM

Im not going to Merge Mine someother "coin", Screw that, I want bitcoins.
I dont want to be in a 4.5th/sec pool thats seceretly using 2th/sec to mine Namecoins or someother Shit that i Do Not Want, But that im now mining for

You probably don't understand how merged mining works. If is pool doing merged mining, he don't "steal" your hashpower for mining some other weird coins. You'll still have the same BTC income as you did before MM. That's the beauty of merged mining.

+1

No one is being paid fewer bitcoins. No hashing power is being taken away from Bitcoin at all. Approximately, merged mining allows Namecoin to use the same hashes which are generated for Bitcoin. No longer does one have to choose between mining bitcoins and mining namecoins. Instead, Namecoin blocks simply happen as you are trying to find a Bitcoin block. If a miner does not want them then they could stay with a normal Bitcoin pool or use a merged mining pool and just delete the gained namecoins, their Bitcoin income will not be affected and nor will their power consumption.

The simple fact is that a merged mining pool is currently about 45% more profitable than an ordinary Bitcoin pool. Only a few pools have implemented it at this time due to the scrappy state of the code and the lack of protocol documentation and all of these pools appear to be passing on (or intending to pass on) the mined namecoins to their users.