EasyDNS.org mentions namecoin/bitcoin on a random post
Just stumbled randomly on this tonight, post from EasyDNS.org from March, discussing all the crazy new TLD's that are coming online... Snippet: "...New naming models built around the Bitcoin blockchain ledger model are a lot more creative and innovative. First with Namecoin and now Ethereum, we have new namespaces being opened up that will succeed or fail purely on the value and uptake they earn in the market. The ideas of using blockchains and naming to create Decentralized Autonomous Corporations for example, are doing all the heavy lifting on the innovation side that is conspicuously absent from all of the ICANN sanctioned new TLDs." Here's the piece: http://blog.easydns.org/2014/03/28/the-new-tlds-are-here-email-guru-holdings-blah-blah-blah/
Hello, I feel like I had to make a post about it. I read too many BS everywhere from people who have no understanding in how this would work. So this post is an attempt to explain what was meant by merged mining. First: MERGED MINING != LITECOIN/DOGECOIN BECOMING ONE COIN. Ok, now read it one more time: MERGED MINING IS NOT A CURRENCY MERGE. Okay, now let's dive a bit more into specifics. What is merged mining, what does it mean, and who would be impacted. Merged mining already exists in the cryptocurrencies world. For example, Namecoin supports merged mining with Bitcoin. You can verify it for yourself, Bitcoin and Namecoin both still have their blockchain, and they're both different currencies. Merged mining is the process of mining two (potentially more) currencies at once. If LTC and DOGE were merged mining, that means that the hashrate of BOTH network would be current_hashrate(DOGE) + current_hashrate(LTC). It helps secure the network by giving it a higher hashrate. So, how is it possible to mine two currencies at once ? What is required to do so ? First, this require writing some code to support this. In the Namecoin/Bitcoin case, Namecoin implemented the code to support merged mining with Bitcoin. Bitcoin didn't change anything. Basically, that means that the Namecoin network considers a Bitcoin PoW a valid PoW for itself (provided that the difficulty matches). If you want more technical details, I suggest you read this post: http://bitcoin.stackexchange.com/questions/273/how-does-merged-mining-work Only miners would be impacted by such merged mining, as it doesn't change anything else in how things work (for end users). One of downside is that the blockchain of both (but mainly the blockchain of the currency that supports merged mining) would be a bit bloated by block hash / tx hash from the other network. I hope this post will help people gains a better understanding at merged mining. If you feel like reading a more in depth explanation, please read the StackExchange link as their explanations are very good. PS: This post doesn't advocate for merged mining LTC/DOGE. It's not against it either. It's just an explanation.
We’re glad to announce that Mixin Network has already supported the 29th public chain Namecoin, the first fork of Bitcoin, and still one of the most innovative altcoins. It was first to implement merged mining and a decentralized DNS. The deposit & withdrawal are available on Mixin Messenger.
Please evaluate my suggestion as to the future of mining
I've seen enough posts regarding merge mining with Litecoin to see that the the greater majority of shibes are against the idea. Further, the reasoning I most often see for this is that it is believed that most of the LTC miners will immediately dump their Dogecoin on exchanges. It should be evident that merge mining with Litecoin will make our network more secure, most shibes agree that this would happen but is not worth the cost of the dumping. Other suggestions have been made that the reward schedule could be altered to maintain an environment conducive to mining and secure our hashrate that way. There is consensus however that the 'soft cap' of coins (100 billion) need not be changed in order to do this as it would likely devalue current Dogecoin holdings. Importantly, we are all well aware that the coin needs to be forked to allow any of these things to happen. Forking may result in a loss of confidence in the dogecoin system, however neccessary it may be. Now, having taken this all in I would like you to evaluate this suggestion: The devs make one more fork - this fork will contain the following: 1. The current reward schedule of halvings is scrapped. In its place we will continue at the current reward rate untill 100 billion. 2. Upon the final block that reaches 100billion, merge mining with litecoin is enabled. My reasoning is this: -The currency will issue faster than it otherwise would but we maintain the current hashrate of the coin instead of the decay that follows each halving. -With the major reward schedule complete prior to the litecoin merge, there is less likely to be dumping by LTC miners yet we still retain the benefit of the security their hashrate provides.
We offer a different type of currency (inflationary) to litecoin (deflationary - hardcapped). The merging of two differing currencies has done well for Namecoin/ Bitcoin and would likely do well for us.
-Shibes who wish to mine are just as likely to dump their Litecoin for Doge under this arrangement and is in fact added incentive to continue mining as their are now two profit streams. -The rapid decrease in supply under what I am suggesting is likely to push up value faster than the current halvening schedule as we would reach the soft cap quicker, tightening supply in less time. Please tell me what you guys think, check my post history to see I am genuine about this suggestion. Thankyou Edit: formatting
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I got a namecoin dns serverset up at home, you can too.
sonicrules1234 made a nice little dns package for us. Grab these: http://dot-bit.org/files/namecoin_linux64.tgz https://github.com/sonicrules1234/Namecoin-DNS-Serveblob/mastenamecoindnsserver.tar.gz?raw=true Extract them somewhere. Edit config.json with a made up user name and pw. Try and run them (namecoind as a normal user, and namecoindns as root since it needs port 53). Probably will whine. Kill them and edit: ~/.namecoin/bitcoin.conf Make sure that these lines are in it: rpcuser=YOURUSERNAMEYOUSETAMOMENTAGO rpcpassword=YOURPASSWORDYOUSETAMOMENTAGO rpcport=8336 If you like you may also want to add daemon=1 Now try running them again, namecoind as a user and namecoindns as root. Should start silentish. Set your dns (/etc/resolv.conf) to localhost, and enjoy being able to access .bit TLDs. For maximum .bits, forward port 53 on your router to whatever machine has the junk running, and then use your IP whereever you are as your dns server of .bit awesomeness. Tutorial on setting up a domain coming soon
I’m looking for a pool that pays both Bitcoin and Namecoin
I know that Slushpool merge mines Bitcoin and Namecoin but it then instantly sells the Namecoin and only pays out bitcoin. Does anyone know of a pool that merge mines them both but pays out Bitcoin AND Namecoin? Thanks in advance.
Die neue elektronische Währung Bitcoin ist sicher, kostengünstig und komfortabel. Kaufen Sie schnell und günstig mit Bitcoins weltweit ein. Auf Bitcoin.de können Sie Bitcoins kaufen und handeln. Namecoin (Symbol: ℕ or NMC) is a cryptocurrency that is mined with bitcoin software as bonus. It is based on the code of bitcoin and uses the same proof-of-work algorithm. Like bitcoin, it is limited to 21 million coins. Unlike bitcoin, Namecoin can store data within its own blockchain transaction database. Namecoin (Symbol: ℕ oder NMC) ist eine Kryptowährung, die mit Bitcoin-Software als Bonus gewonnen wird.Es basiert auf dem Code von Bitcoin und verwendet den gleichen Proof-of-Work-Algorithmus.Wie Bitcoin ist es auf 21 Millionen Münzen begrenzt. Im Gegensatz zu Bitcoin kann Namecoin Daten in seiner eigenen Blockchain-Transaktionsdatenbank speichern. Namecoin. Namecoin is an experimental open-source technology which improves decentralization, security, censorship resistance, privacy, and speed of certain components of the Internet infrastructure such as DNS and identities. (For the technically minded, Namecoin is a key/value pair registration and transfer system based on the Bitcoin technology.) ... Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH.
Namecoin (ℕ or NMC) is Bitcoin's First Altcoin - The cryptocurrency for decentralized .BIT domains. Namecoin - The Future of DNS Speakers: Nima Mahdjour (http://bit.co.in), Vitalik Buterin (Ethereum, Bitcoin Magazine) By SF Bitcoin Meetup @ Internet Archive, San ... Namecoin - Bitcoin's First Fork. Namecoin (ℕ or NMC) is Bitcoin's First Altcoin - The cryptocurrency for decentralized .BIT domains. Bitcoin Buy Sell & Earn money from your home. Click To Join .. https://www.binance.com/?ref=35173218 How to get NameCoins for free to register a .bit address for ZeroNet, it requires a little bit of work but it is 100% free and very easy to do. NameCoin: https://namecoin.info/ FaucetBox: https ...