This one claims they can mine more efficiently by mining several coins at once.
I have a hard time believing that any pool can outperform "normal" pool.
What's the story.
Is this possible? Is this guy legit?
Let's for simplicity sake we got to pick numbers from 0 to 7. Say the hashing function is add 5 modulo 8. Of course the "right" nonce is 3. That's because 3+5 is 0 module 8.
Say the hash/signature or whatever of the transaction is 1. Mining is finding an extra nonce, if added to 1, would hash to 0 (or below difficulty). Something like that right. We try and found that the extra nonce is 2.
Say we have 2 coins. Say the starting nonce is 1 and 2 respectively. I wonder if it's possible to to add extra nonce to 1, then try to find an extra nonce where the hash is 0. Turns out if we add 1 to the extra nonce, we got the right answer.
We just add all the extra nonce and got the nonce that hash to the right number for 2 coins.
Is that possible?
My understanding of how mining works is quite a bit shaky here.
Is my understanding correct?
Is miner gate offering merge mining for coins that do not support it?