Syscoin Cloud Mining

By drlove | Sysnetsite | 31 Aug 2020

In POW merge-mining, miners mine for more than one blockchain at the same time. The benefit is that with every hash the miner contributes to the total hash rate of both blockchains, and as a result they are all more secure. Hence, miners builds blocks for both hash chains in a way that the same hash calculation secures blocks on both of the respective blockchains.

As Syscoin is merge-mined with BTC and other projects employing the SHA-256 hashing algorithm, many mining pools simultaneously mine Syscoin as well!  This includes well-known mining pools include F2pool, ViaBTC  and quite a few other mining pools. It is evident that given the hashrate, it is pretty hopeless to mine Syscoin on your own, but a few mining pools - but definitely not all, do share the Syscoins they merge-mine. This includes VIaBTC and You won't be able to build a fat wallet anytime soon by joining these mining pools: for each BTC mined, you also get five Syscoins, or in the case of BCH, you additionally get one Syscoin. That is certainly not a lot a current market prices, but you are likely to be glad you paid attention to it in a few years ahead, and there is certainly nothing to lose in case you are looking into cloud mining contracts of BTC or BCH. 

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