ahmed_bodi



Offline



Activity: 518

Merit: 500



Bitrated user: ahmedbodi.







Hero MemberActivity: 518Merit: 500Bitrated user: ahmedbodi. Should QubitCoin Become Merge Mined [POLL] September 06, 2014, 09:45:48 PM #1



Currently as part of myriadcoin's PolyMYR project i am offering to update Qubitcoin to the latest LTC base, while keeping its current features(diff retarget, block reward, qubit algo) and adding merged-mining.



What is merged mining?



http://bitcoin.stackexchange.com/questions/273/how-does-merged-mining-work



Advantages of merged mining

- Increase in hashrate, therefore leading to an increase in security

- Increase in the size of the development team

- Increase in the usefulness of the coin itself with the likelihood of being added to myriad's services

- Security from being kept up to date with LTC sources



Disadvantages

- Possability of a larger blockchain

- Future Hard Fork's must be done in co-operation with merged-miners

Qubitcoin is a coin which was released several months ago which has been left without a development team.Currently as part of myriadcoin's PolyMYR project i am offering to update Qubitcoin to the latest LTC base, while keeping its current features(diff retarget, block reward, qubit algo) and adding merged-mining.What is merged mining?Advantages of merged mining- Increase in hashrate, therefore leading to an increase in security- Increase in the size of the development team- Increase in the usefulness of the coin itself with the likelihood of being added to myriad's services- Security from being kept up to date with LTC sourcesDisadvantages- Possability of a larger blockchain- Future Hard Fork's must be done in co-operation with merged-miners Bitrated user: ahmedbodi.