What is Merged Mining?
Litecoin (LTC) mining has long been a popular choice for crypto miners due to its efficiency and profitability. However, what if you could maximize your returns by mining LTC while simultaneously earning rewards in 7 other cryptocurrencies? Thanks to merged mining, this is now possible through ViaBTC’s LTC mining pool.
Merged mining is a process that allows miners to use the same hashrate to mine multiple coins simultaneously without affecting the efficiency of mining the primary coin. In simple terms, miners contribute their computational power to the Litecoin network, but they also receive rewards from other compatible cryptocurrencies, essentially earning extra profits without additional effort.
Unlock Extra Earnings with Merged Mining on ViaBTC
ViaBTC’s LTC mining pool now supports merged mining, enabling miners to earn rewards from seven different cryptocurrencies in addition to LTC. By simply connecting your LTC hashrate to ViaBTC, you can receive rewards in DOGE, BELLS, LKY, PEP, JKC, and DINGO alongside your usual LTC mining payouts.
How Merged Mining Works
For Litecoin mining, merged mining works by leveraging the Scrypt algorithm, which is shared among multiple cryptocurrencies. When miners participate in LTC mining, they can simultaneously contribute to the security and transaction processing of other Scrypt-based blockchains, earning rewards from them without impacting their LTC earnings.
For example, when mining LTC through ViaBTC’s pool using the PPS+ or PPLNS payout method, you will automatically receive DOGE mining rewards without any additional configuration. This makes merged mining an easy and effective way to boost your mining profitability.
Why Choose Merged Mining?
1. Earn Multiple Rewards Without Extra Effort
By simply mining Litecoin on ViaBTC’s LTC mining pool, you can earn additional cryptocurrency rewards without needing extra hardware, software, or energy consumption. This means you maximize your mining profits without increasing operating costs.
2. Increased Profitability
Mining LTC alone is profitable, but with merged mining, miners receive DOGE, BELLS, LKY, PEP, JKC, and DINGO in addition to their standard LTC payouts. This provides higher overall earnings for miners using PPS+ or PPLNS payout methods on ViaBTC.
Since merged mining rewards are distributed based on PPLNS, the amounts received will vary based on the actual hashrate. However, this ensures fair distribution and rewards miners for their contributions proportionally.
3. Stability & Network Support
Merged mining increases miner earnings and strengthens the security and decentralization of the blockchains being mined. By participating in merged mining, miners contribute to the stability of these networks, ensuring their long-term growth and sustainability.
4. Seamless Integration with ViaBTC
ViaBTC makes merged mining easy for miners by automatically distributing rewards for the additional coins. If miners use the PPS+ or PPLNS payment method, they will receive merged mining rewards without any additional configuration.
How to Start Merged Mining on ViaBTC
If you’re interested in taking advantage of merged mining, getting started is simple:
- Create an account on ViaBTC if you don’t already have one.
- Connect your Scrypt ASIC miner to ViaBTC’s LTC mining pool.
- Select the PPS+ or PPLNS payout method to enable merged mining rewards.
- Mine Litecoin as usual and automatically earn DOGE, BELLS, LKY, PEP, JKC, and DINGO in addition to LTC.
- Withdraw or trade your earnings as desired.
Mine LTC & Earn More – Unlock Extra Rewards with ViaBTC’s Merged Mining
Litecoin mining is more profitable than ever with ViaBTC’s merged mining pool, allowing miners to earn multiple cryptocurrency rewards simultaneously. Instead of just mining LTC, miners can unlock extra earnings in DOGE, BELLS, LKY, PEP, JKC, and DINGO without additional effort.
By leveraging merged mining, miners can maximize their profitability and support the security of multiple networks while maintaining the same mining setup. With seamless integration and automatic reward distribution, ViaBTC offers one of the best LTC mining pools for those looking to increase their mining rewards.
If you’re mining Litecoin and not yet using merged mining, now is the perfect time to join ViaBTC’s mining pool and start earning more with every block!
Source: https://support.viabtc.com/hc/en-us/articles/7207416775951-What-is-Merged-Mining
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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