Post
Topic
Board Mining
Re: Merged mining now live
by
johnj
on 11/10/2011, 14:45:10 UTC
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.

I don't see it that way.

If Pool X displays they are a BTC pool, then I can submit shares to that pool for BTC. However if that pool *doesn't* display that they are merged mining, that means Pool X Op is taking the shares I paid for (with electricity) and secretly profiting.

Let's say a store has a sale on Widgets.  Normally Widgets are $1 but during the sale you get a free Mini-Widget when you buy a normal Widget.  Now lets say I'm unaware of this sale and proceed to buy a Widget and leave the store.  If the cashier were to then go take a Mini-Widget off the shelf (since technically it's been accounted for), how is that not 'stealing'?

Theft may not be the right word, but it's certainly unethical no matter how you slice it.

Edit: Further, if the pool is charging a mandatory fee (such as Slush) and is secretly merged mining, that's a double-whammy. EDIT: SLUSH IS OKAY, HE IS NOT SECRETLY MERGED MINING. SLUSH WAS JUST AN EXAMPLE OF FEES.