Merge-mining is a process in which miners can mine various cryptocurrencies at the same time without any additional cost.
Merged mining is similar to a person playing Pac-Man and Asteroids at the same time, using the same joystick and earning rewards for both games. Namecoin was the first cryptocurrency project to be merge-mined, as it shares the same SHA256 algorithm as Bitcoin, and the first merge-mined block on the network was mined on Sept. 19, 2011.
A visual of how merge-mining works created by Tari Labs University. In simple terms, an ASIC mining rig executes the merge-mining process by performing the same hash calculation for both blockchains. The crypto miner builds a block for both blockchains and assigns work units based on this block to other miners.
Bitcoin pools that dedicate hashrate to the Namecoin chain include F2pool, Viabtc, Poolin, and Mining Dutch. While F2pool is the fourth largest bitcoin mining pool over the last three days, it’s the largest namecoin miner as it dedicates its entire 44 EH/s to the Namecoin network. Viabtc dedicates 26.25 EH/s to the Namecoin chain, and Poolin points 5.10 EH/s toward Namecoin as well.
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