The Emercoin development team has decided to combine the production of both Bitcoin and Emercoin with a merged mining.
Timeline is not set in stone, but you can expect approximately 1-2 months from now.
Merged mining will increase in network difficulty by 500 times or more for the Emercoin blockchain.
Currently with the SHA-256 algorithm, if a Bitcoin miner were to "mine" Emercoin or vice versa, the miner would need to divert power away from one blockchain or the other. The addition of merged mining will allow miners to produce both Bitcoin and Emercoin in harmony, without losing the benfit of income from either blockchain.
Merged-mining SHA-256 algorithm registry now includes: [IXC] IXCoin, [I0C] I0Coin, [DVC] DevCoin, [NMC] NameCoin, [GRP] GroupCoin, [VIK] VikingCoin, [HUC], HunterCoin, [FSC] Fusioncoin, [CLC] CoiledCoin and [XGG] GiestGeld.
Most of this altcoins are totally dead. Hoping this will not happens to Emercoin too.
Upvoted you
Emercoin at least has some original things to offer.
Let's hope it does not go "the way of the dinosaurs" as many other alt-coins
Good post. Really appreciate you bring this to our attention. The future is in blockchain. Cryptos are the new popular kid now, but the market will find it's way just like it did with the Internet boom. An interesting website I found: https://www.coincheckup.com Since I use this site I make so much less basic investment mistakes. Check for example: https://www.coincheckup.com/coins/Emercoin#analysis To watch Emercoin Report.
Join the Emercoin Korean Community in the KakaoTalk open chat to share your thoughts about EMC merged mining!
https://open.kakao.com/o/gcIYVeQ.