Merge-mining is the process where two or more cryptocurrencies are mined with the same hash power at the same time. A miner is then able to find blocks on different chains concurrently. This process is known technically as Auxiliary Proof of Work or AuxPoW. The benefit of merge-mining is greater security for the auxiliary chain; this is accomplished by leveraging the greater security from the parent chain. Only coins sharing the same algorithm and that have this technical feature implemented can be merge-mined.
Poolin supports various merged-mined cryptocurrencies: Dogecoin, Namecoin and Vcash.
Dogecoin: Our miners can merge-mine dogecoin when mining Litecoin.
Dogecoin is a decentralized, peer-to-peer digital currency that enables you to easily send money online. Think of it as “the internet currency.” — Dogecoin.com
Vcash: Poolin miners can merge-mine Vcash while mining bitcoin, bitcoin cash and bitcoinsv.
“VCash combines the characteristics of Bitcoin with Mimblewimble technology. It inherits Bitcoin’s distribution mechanism and leverages on Grin’s privacy protocol by using Mimblewimble implementation.”-v.cash
Namecoin: Poolin miners can mine Namecoin while mining bitcoin.
“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 more in depth information please visit our help section here: https://help.poolin.com/hc/en-us/articles/360034977991-What-is-Merged-Mining- ⛏️