How does Minergate utilize merged mining to support the FCN cryptocurrency?

3 answers

• Nandhini L SSep 09, 2024 · a year ago
  Merged mining is a technique used by Minergate to support the FCN cryptocurrency. It allows miners to mine multiple cryptocurrencies simultaneously without sacrificing their hashing power. Minergate achieves this by combining the mining power of different cryptocurrencies into a single mining process. This means that while mining FCN, miners are also contributing to the security and stability of other cryptocurrencies. It's a win-win situation for both miners and the cryptocurrency ecosystem.
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• Jayanth NevooriApr 26, 2021 · 5 years ago
  Minergate utilizes merged mining to support the FCN cryptocurrency by leveraging the existing mining infrastructure. Instead of creating a separate mining network for FCN, Minergate piggybacks on the mining power of other cryptocurrencies. This not only saves resources but also increases the security of the FCN network. Miners who participate in merged mining can earn rewards from both FCN and the other cryptocurrencies they are mining. It's a clever way to incentivize miners and strengthen the overall cryptocurrency ecosystem.
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• Swarnadweep PanjaSep 09, 2020 · 5 years ago
  Merged mining is a powerful technique that Minergate uses to support the FCN cryptocurrency. By collaborating with other mining pools and networks, Minergate is able to combine the computational power of multiple cryptocurrencies to mine FCN. This approach enhances the security and decentralization of the FCN network while providing additional rewards for miners. Minergate's expertise in merged mining sets it apart from other exchanges and contributes to the success of the FCN cryptocurrency.
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