Emercoin blockchain platform announces joint mining with Bitcoin

In order to do our best to promote the credibility and reliability of the Emercoin network, the Emercoin development team has decided to launch “Emercoin + Bitcoin merged mining”.

The Emercoin development team explained that since Bitcoin and Emercoin use the same mining algorithm, SHA-256, joint mining is technically safe and feasible. Once joint mining begins, the difficulty of mining Emercoin blocks will increase by 500 times or even more.

The computing power of Emercoin mining is proportional to the difficulty. The increase in computing power can help improve the security and credibility of the Emercoin network, which is extremely important in the field of cryptography and encrypted digital currency. In the short term, popularity and attention activity mean public recognition. The team’s announcement wrote that so far, popularity has become the main obstacle for the public to use Emercoin.

The Emercoin team further explained that this move will also benefit miners. Before this, although both Bitcoin and Emercoin mining use the SHA-256 algorithm, Bitcoin miners who want to mine Emercoin (or vice versa) have to switch their computing power from one blockchain to another. But through joint mining, miners can mine both Bitcoin and Emercoin at the same time without losing the benefits brought by either blockchain.

The Emercoin team said the decision to merge mining was made to increase the stability of the Emercoin network, adding that the increased complexity of the Emercoin blockchain also means an increase in the credibility of Emercoin. At the same time, the likelihood and adverse consequences of network attacks or network defects are greatly reduced.

The Emercoin team stressed that while merged mining brings obvious positive effects, they believe there are almost no negative effects. The team explained that an increase in mining difficulty will reduce block revenue, but the impact is negligible. A huge increase in mining difficulty, such as a 10,000-fold increase, will only reduce the revenue to about one-tenth of the original.