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Topic: Almost half of all Bitcoin miners also mine Namecoin? (Read 754 times)

sr. member
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Merit: 250
From an earlier analysis, I was able to find out that Namecoin's current hashrate is ~100 PH/s and Bitcoin's hashrate is 200-250 PH/s. Unlike Namecoin, Peercoin doesn't support merged mining so its network hashrate is just 140 TH/s. Since PPC is actually bigger than NMC but has hundreds of times less hashpower, I think it's safe to assume that most of the people who are mining NMC are merge mining with Bitcoin.

What surprised me was that the percentage of Bitcoin miners who are also interested in mining Namecoin is so high. I was under the impression that most Bitcoin miners aren't interested in alts. If the comparison of hashrates is true, then does this mean that ~40 percent of Bitcoin miners are also mining Namecoin alongside Bitcoin? If so, then what do they do with all these namecoins?
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