13

Yes. The ASICs themselves only perform the SHA256 calculations, they do not deal with anything protocol related and as such can merged-mine exactly the same as existing GPU and FPGA implementations. In other words, merged mining is part of the protocol, ASICs just do the math. The standard rules of merged mining still apply, of course. The alternate ...


8

This site allows you to compare the mining profitability of the various coins: http://dustcoin.com/mining


7

Namecoin was the first fork from Bitcoin, and is a blockchain based peer-to-peer network which maintains a decentral ledger of registered names. It is the convention, that when you register a Namecoin name starting with d/ that appropriate DNS resolution software would translate this information to a .bit address. E.g. d/myself would be resolved to myself....


6

I would recommend VirCurEx. You can use it as a wallet or trade between different currencies.


6

Namecoin addresses, like Bitcoin addresses, are Base58 encodings of a public key hash. The encoded data starts with a version byte, and the value of this byte affects the first characters of the result. Namecoin addresses specifically use a version byte of 52, which dictates a certain range of initials. The prefixes you listed are simply too high - they ...


6

I have some idea of what Namecoin was trying to achieve, but as of yet I've never seen it actually used. Is it being used for anything of significance yet, or are there plans by anyone to do so in the short to medium term? If a distributed, first-come-first-serve domain name system for the .bit top-level domain (TLD) is significant, then yes, it has done ...


6

Not really. According to the Bitcoin Wiki: Namecoin is an alternative distributed Domain Name System (DNS) on the basis of Bitcoin software. In contrast to a currency, according to Wikipedia A much more general use of the word currency is anything that is used in any circumstances, as a medium of exchange. In this use, "currency" is a synonym ...


5

Since Namecoin started using merged mining with Bitcoin, its effective processing power increased substantially. The current difficulty is 1063443. This is very high considering the resale value of namecoins (1 namecoin is worth 0.002 of a bitcoin) and given that the difficulty is 49% of the Bitcoin difficulty. The Bitcoin network currently is around 16TH/...


5

The algorithm of registering .bit domain is described, for example, on dot-bit wiki. In short: Create new domain name with name_new command: ./namecoind name_new d/<name> Wait 12 or more blocks Actually register the domain with name_firstupdate, where <rand> is the second (shorter) hexadecimal string returned by name_new, and <json-value> ...


5

.bit domains are not recognized by ICANN, the company that runs the main internet DNS. This means that most operating systems have no support for them built-in. So, to be able to visit .bit domains, you will have to do some configuration first. You basically need to let your computer know where to search for the IP address translation of the .bit domain, as ...


5

Well, the fact that it will be possible to implement features similar to Namecoin that it will become obsolete. Bitcoin is intended as a currency and a payment system, while Namecoin is designed specifically as a DNS provider for .bit domain names. The fact that Namecoin would be able to handle .com domain names, doesn't mean the currently employed ...


5

So the whole point of a name reg contract is not to send transactions, rather its sole purpose is to build up a database which other nodes can then query. Ethereum smart contracts have immutable storage. This means that you can prove your primacy to a specific name, and other people can then reference that as part of a database. What it comes down to is ...


4

First, NMC is not worthless, it have a value and is traded on bitparking ( https://exchange.bitparking.com/main ) and btc-e ( https://btc-e.com/exchange ), with decent daily trading volume; people saying nmc is worthless are just people wanting to attract you to other altchains( most of them being scams imo ) . Second, namecoin is an opensource network, it ...


3

520 bytes for name_update to work http://dot-bit.org/forum/viewtopic.php?f=2&t=503 It should be twice that amount but there is some bug. As you can read in the forum thread some planning is going on to increase it to 9kb.


3

namecoind listreceivedbyaddress 0 true 0 means to include even transactions with no confirmations, true means to show even "empty" addresses


3

You can either install a client, or use some Namecoin-Bitcoin exchange (like BTC-E) to obtain an address. It`s generally the same as getting a Bitcoin address really, only a bit less popular.


3

Yes, block 19200 was mined using MM, by slush's pool. AFAIK first Bitcoin block with merged-mining information was 00000000000002c727047296ee20b628599031c6ea5c09292513fddbb11d34df (block 148557), also mined by slush's pool.


3

The disadvantage of merged mining is the additional coin daemons you have to run in the background. They all use disk space, memory, cpu cycles and bandwidth. A more annoying issue is that most of them are no longer maintained and have bugs. You may find that they crash frequently - at least namecoind does.


3

First, I'd like to note that Namecoin and Bitcoin are separate - they share a lot of code, but they have different blockchains and networks. Let me talk about the problem that Bitcoin solves: double spending. It solves this by having nodes vote with their hashpower on what they think the most accurate picture of the network is. This creates an ordered list ...


3

As the Namecoin.info website states, "It allows you to . . . trade and transact namecoins, the digital currency NMC." So the simple answer is that yes, Namecoin is considered a currency, among other things. The current domain name situation is a top-down hierarchy of trust where the top folks accredit those below until you get the registrar that you pay to ...


3

You have enough to reserve the name (the .01 network fee) but then not enough to pay the transaction fee. If you wait a day or so for the coins to age, it might work.


3

Clients only need to track the currently valid information (there is an expiry date for domains, for example) and not all applications need all of the data stored in the chain. So, much like Bitcoin itself, application specific versions of the information stored in the blockchain will be used by most applications and they can use SCIP or distributed trust ...


3

Yes. So that the whole world can see it? Yes seems like a good idea. The NameCoin block-chain is public, although you could encrypt it in the NameCoin chain, but why there? If you are scared to lose any privates keys you should work on your back-upping strategies, not uploading it to the public domain in the hope none will realize it is a ECDSA Bitcoin ...


3

The point of mining is to secure the blockchain. Before you mine, you must compose the block you are trying to find a nonce for. That block will include a transaction to pay you. If you are merged mining Bitcoin and Namecoin, you do the following: 1) You compose the Namecoin block you are trying to find a nonce for. This includes a transaction to pay you ...


2

You can park them at an exchange, such as BitParking: https://exchange.bitparking.com As far as being able to use your BitParking deposit address for receiving generated coins directly when mining, I'm not sure. [Edit: Also BTC-e.com might be useful as an NMC EWallet.]


2

Just checked, and there is a significant lack of wallets just a few months later. The only one that seems active at all is the command-line wallet. The YouTube link below can help you identify the NMC wallet's address from the command prompt in Windows, and the other link is to the page where you can download the NMC wallet's software. BTC-e.com doesn't ...


2

I would definitely recommend Vircurex. They support many different currencies, and real easy to set up.


2

Most of what you need is explained at https://en.bitcoin.it/wiki/Merged_mining_specification When you construct the block for the primary chain (e.g. bitcoin) you need to include a merged mining header in the generation transaction (coinbase). The format of this data is explained at the URL above under "Merged mining coinbase". If, while hashing the ...


2

I realize that this is a very old question, but I think it makes sense to give an update nevertheless. Recently, a port of the Qt-UI for Bitcoin has been done also for Namecoin. It provides full support also for name operations and even configuring domains directly without the need to come up with the correct JSON strings. The new Namecoin-Qt is available ...


2

with p2pool at least for the coins are 'merged' mining you cannot reconfigure them to go to any other account except for the default account of that wallet. However you may be able to work around this in one of the following ways depending on your coding ability. Monitor P2Pool logs and trigger script Watch the p2pool logs and when a block is found trigger ...


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