BTCC added merged-mining hashpower. Names expiring fast.

Post Reply
cassini
Posts: 326
Joined: Sun May 26, 2013 6:36 pm

BTCC added merged-mining hashpower. Names expiring fast.

Post by cassini » Tue Jul 05, 2016 9:32 pm

A few days ago BTCC pool started experimenting with merged mining. After successfully mining a couple of blocks they have ramped up the NMC mining share to the current 25 percent. This is additional hashpower, i.e. we are getting over 200 blocks a day instead of the standard rate of 144 blocks per day.

In other words, names are expiring pretty fast at the moment. However, the next Difficulty change will be huge and should bring us back to an average of 144 blocks a day.

https://bitinfocharts.com/comparison/ha ... mc.html#3m

biolizard89
Posts: 1932
Joined: Tue Jun 05, 2012 6:25 am
os: linux

Re: BTCC added merged-mining hashpower. Names expiring fast.

Post by biolizard89 » Tue Jul 05, 2016 9:59 pm

cassini wrote:A few days ago BTCC pool started experimenting with merged mining. After successfully mining a couple of blocks they have ramped up the NMC mining share to the current 25 percent. This is additional hashpower, i.e. we are getting over 200 blocks a day instead of the standard rate of 144 blocks per day.

In other words, names are expiring pretty fast at the moment. However, the next Difficulty change will be huge and should bring us back to an average of 144 blocks a day.

https://bitinfocharts.com/comparison/ha ... mc.html#3m
This is very good news! Thanks BTCC for joining the merged mining club!

And yes, if anyone has names expiring in the next couple weeks, be advised that they're going to expire sooner than expected. Renew any such names ASAP.
Jeremy Rand, Lead Namecoin Application Engineer
NameID: id/jeremy
DyName: Dynamic DNS update client for .bit domains.

Donations: BTC 1EcUWRa9H6ZuWPkF3BDj6k4k1vCgv41ab8 ; NMC NFqbaS7ReiQ9MBmsowwcDSmp4iDznjmEh5

cassini
Posts: 326
Joined: Sun May 26, 2013 6:36 pm

Re: BTCC added merged-mining hashpower. Names expiring fast.

Post by cassini » Tue Jul 26, 2016 2:20 pm

As expected the Difficulty change had brought us back to the 144 blocks per day average. Just a few days later the Namecoin hashpower experienced another boost, and we are getting around 180 blocks a day. Name owners, keep an eye on the expiration dates of your names!

This time it is a fairly new Bitcoin mining pool who added merged-mining: ViaBTC

This has quite a favourable impact on the Namecoin hashrate distribution. The last 500 blocks:
43% F2Pool
29% BTCC
13% ViaBTC
12% Slush
3% smaller pools, mostly Eligius, ghash.io, bitminter

biolizard89
Posts: 1932
Joined: Tue Jun 05, 2012 6:25 am
os: linux

Re: BTCC added merged-mining hashpower. Names expiring fast.

Post by biolizard89 » Wed Jul 27, 2016 7:38 pm

cassini wrote:As expected the Difficulty change had brought us back to the 144 blocks per day average. Just a few days later the Namecoin hashpower experienced another boost, and we are getting around 180 blocks a day. Name owners, keep an eye on the expiration dates of your names!

This time it is a fairly new Bitcoin mining pool who added merged-mining: ViaBTC

This has quite a favourable impact on the Namecoin hashrate distribution. The last 500 blocks:
43% F2Pool
29% BTCC
13% ViaBTC
12% Slush
3% smaller pools, mostly Eligius, ghash.io, bitminter
Yay!
Jeremy Rand, Lead Namecoin Application Engineer
NameID: id/jeremy
DyName: Dynamic DNS update client for .bit domains.

Donations: BTC 1EcUWRa9H6ZuWPkF3BDj6k4k1vCgv41ab8 ; NMC NFqbaS7ReiQ9MBmsowwcDSmp4iDznjmEh5

armur
Posts: 1
Joined: Mon Aug 22, 2016 5:49 am

Re: BTCC added merged-mining hashpower. Names expiring fast.

Post by armur » Mon Aug 22, 2016 6:32 am

Seems they officially started now paying out namecoins: https://www.btcc.com/news/article/btcc- ... for-miners

biolizard89
Posts: 1932
Joined: Tue Jun 05, 2012 6:25 am
os: linux

Re: BTCC added merged-mining hashpower. Names expiring fast.

Post by biolizard89 » Mon Aug 22, 2016 8:44 am

armur wrote:Seems they officially started now paying out namecoins: https://www.btcc.com/news/article/btcc- ... for-miners
Nice! Good to see that they've announced it, and also good to see that they link to our website.
Jeremy Rand, Lead Namecoin Application Engineer
NameID: id/jeremy
DyName: Dynamic DNS update client for .bit domains.

Donations: BTC 1EcUWRa9H6ZuWPkF3BDj6k4k1vCgv41ab8 ; NMC NFqbaS7ReiQ9MBmsowwcDSmp4iDznjmEh5

viabtc
Posts: 2
Joined: Sun Aug 28, 2016 1:35 am

Re: BTCC added merged-mining hashpower. Names expiring fast.

Post by viabtc » Sun Aug 28, 2016 1:40 am

cassini wrote:As expected the Difficulty change had brought us back to the 144 blocks per day average. Just a few days later the Namecoin hashpower experienced another boost, and we are getting around 180 blocks a day. Name owners, keep an eye on the expiration dates of your names!

This time it is a fairly new Bitcoin mining pool who added merged-mining: ViaBTC

This has quite a favourable impact on the Namecoin hashrate distribution. The last 500 blocks:
43% F2Pool
29% BTCC
13% ViaBTC
12% Slush
3% smaller pools, mostly Eligius, ghash.io, bitminter

How did you recognize that those blocks are mined by ViaBTC?

biolizard89
Posts: 1932
Joined: Tue Jun 05, 2012 6:25 am
os: linux

Re: BTCC added merged-mining hashpower. Names expiring fast.

Post by biolizard89 » Sun Aug 28, 2016 4:19 am

viabtc wrote:
cassini wrote:As expected the Difficulty change had brought us back to the 144 blocks per day average. Just a few days later the Namecoin hashpower experienced another boost, and we are getting around 180 blocks a day. Name owners, keep an eye on the expiration dates of your names!

This time it is a fairly new Bitcoin mining pool who added merged-mining: ViaBTC

This has quite a favourable impact on the Namecoin hashrate distribution. The last 500 blocks:
43% F2Pool
29% BTCC
13% ViaBTC
12% Slush
3% smaller pools, mostly Eligius, ghash.io, bitminter

How did you recognize that those blocks are mined by ViaBTC?
I'm pretty sure Cassini looked at the AuxPoW headers, and cross-referenced again the known indicators of ViaBTC Bitcoin coinbase transactions.

(I assume that you're affiliated with the ViaBTC pool? If so, welcome to the merged mining club, good to see you here! :) )
Jeremy Rand, Lead Namecoin Application Engineer
NameID: id/jeremy
DyName: Dynamic DNS update client for .bit domains.

Donations: BTC 1EcUWRa9H6ZuWPkF3BDj6k4k1vCgv41ab8 ; NMC NFqbaS7ReiQ9MBmsowwcDSmp4iDznjmEh5

viabtc
Posts: 2
Joined: Sun Aug 28, 2016 1:35 am

Re: BTCC added merged-mining hashpower. Names expiring fast.

Post by viabtc » Mon Aug 29, 2016 6:44 am

biolizard89 wrote:
viabtc wrote:
cassini wrote:As expected the Difficulty change had brought us back to the 144 blocks per day average. Just a few days later the Namecoin hashpower experienced another boost, and we are getting around 180 blocks a day. Name owners, keep an eye on the expiration dates of your names!

This time it is a fairly new Bitcoin mining pool who added merged-mining: ViaBTC

This has quite a favourable impact on the Namecoin hashrate distribution. The last 500 blocks:
43% F2Pool
29% BTCC
13% ViaBTC
12% Slush
3% smaller pools, mostly Eligius, ghash.io, bitminter

How did you recognize that those blocks are mined by ViaBTC?
I'm pretty sure Cassini looked at the AuxPoW headers, and cross-referenced again the known indicators of ViaBTC Bitcoin coinbase transactions.

(I assume that you're affiliated with the ViaBTC pool? If so, welcome to the merged mining club, good to see you here! :) )
Yes, I'm CEO of ViaBTC pool. We are in China.
I find it out myself after I reply this post. The bitcoin coinbase tx are include in the namecoin block.

Post Reply