Topic: bitcoin ASIC for Namecoins (Read 499 times)
Many thanks for that SlidingHorn - I'm still on a pretty steep learning curve so good to have a ''one stop site'' where I can get pointed in the right direction
Different pools will mine bitcoin and namecoin concurrently.
I use https://bitminter.com/ and that one does it.
Okay - I'm a complete newbie and I have heard of this ASIC stuff quite a few times recently - is it something I can or should be trading in terms of crypto currencies ? John.
ASIC (in this case) is essentially a chip designed specifically for mining SHA-based coins. Read more here: http://en.wikipedia.org/wiki/Application-specific_integrated_circuit
I also never saw it, may be it will be profitable as well, coz of smaller network hash rate. If it is doable, i will by some old bitcoin miner and will run it.
Okay - I'm a complete newbie and I have heard of this ASIC stuff quite a few times recently - is it something I can or should be trading in terms of crypto currencies ? John.
Hey Guys,
Bit coin ASICs do mine Namecoins ? I wanna mostly mine to support this DNS system, not for profit.
Yours Newbie
Bit coin ASICs do mine Namecoins ? I wanna mostly mine to support this DNS system, not for profit.
Yours Newbie
Namecoins use the same SHA-256 algorithm as Bitcoins do, so I see no reason why ASIC shouldn't mine Namecoins. Never done it myself tho
Hey Guys,
Bit coin ASICs do mine Namecoins ? I wanna mostly mine to support this DNS system, not for profit.
Yours Newbie
Bit coin ASICs do mine Namecoins ? I wanna mostly mine to support this DNS system, not for profit.
Yours Newbie
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