I have another noob question about the multipool.
What's the point of the merged mining with dogecoin? It says "Yes, by mining on Pandapool you are automatically mining DOGE through AuxPoW (also known as merged mining)."
Then it says "we exchange all coins for DOGE and PND"
So they are mining doge and exchanging coins for doge? I'm sure most people in that pool are only interested in PND.
Can someone please explain to me the point/benefit of the merge mining with doge?
Yea I don't get it either, why promote doge mining on a pandapool but I'm sure there is a reason. At first I thought it mined both at same time but you either chose panda or doge.
Someone on /biz/ explained it to me like this:
"you put in either a PND or DOGE wallet address, which would then be associated with your hashing power. The pool could check the ratio of PND to total and exchange for that amount of PND to distribute.
As for less variance, more hashing power makes it more likely to be winning blocks. A larger pool is better than a smaller pool for the same reason a pool is better than a solo miner (spreads rewards out more evenly over time instead of irregular rewards)"
I get it now!