Post
Topic
Board Pools
Re: [1000 TH] BitMinter.com [1% PPLNS,Pays TxFees +MergedMining,Stratum,GBT,vardiff]
by
freddyfarnsworth
on 14/05/2014, 21:26:18 UTC
1 PH/s of awesomeness. Thanks to all who mine at Bitminter! Smiley

Regarding coins, most merged coins have a value very close to zero, except namecoin. I'll have a look at the new ones.

I would like a opinion on this mergecoin theory:
Placed by another member in another thread...

""I will let you in on a little secret: The actual purpose of merge-mining is to increase the hashrate and so reduce the amount of coins any one party receives from mining. This induces scarcity which in turn is expected to encourage the price to increase.

If you merge-mine a coin with equal hashrate, you are then doubling your coins hashrate (assuming you get that whole community to merge-mine your coin as well). This increases the difficulty, less coins to more people, price is expected to go up due to scarcity.""