Whether you are new or not new to the crypto world, how bitcoins are created is not even a secret anymore.
Even a person with zero knowledge of Cryptocurrency knows new bitcoins are an outcome of a process called “mining”.
Mining roughly takes around 10 minutes, however, it appears that it takes ages to create a new bitcoin. However, it is being said that advanced miners have found a way to save time.
The solution is mining multiple coins at the same time. It is also being told that mining multiple coins does not reduce the mining time; however, it rewards the miners with more coins.
Since we have heard that multiple coins can be mined at the same time for quite some time now, it’s time to know the truth.
Can You “Really” mine Multiple Coins at the Same Time?
Yes, the speculation is true. More than one coin can be mined at the same time. It has become a common practice because it saves time and happens to be more rewarding as well. Therefore, if you have not tried mining multiple coins at the same time, we suggest you start as early as possible.
number of coins
By multiple coins, we mean two coins can be mined at the same time. It is not possible to mine more than two coins at a time.
The future might allow us to mine more than two coins at the same time. However, for now by ” multiple coins” we mean two coins only.
Mining multiple coins
Mining two coins at the same time is a practice that has been going on for years. Therefore, the said mining has been given several names. Usually, mining two coins at the same time is referred to as “merged mining” or “dual mining”.
Merged Mining or Dual Mining
Here are the few things that you need to know whether you need to try dual mining or not;
- Since in the ” merged mining” the miner is mining two coins at the time, the whole procedure would be different.
- To be able to perform successfully merged mining, there is a need to have quality computing hardware.
- Moreover, the minor has to do is complete the additional setup to support the process as well.
- Merged Mining does not require any additional computational power.
- In Merged Mining parent and child both share the goodies
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Summary
Yes, two coins can be mined at the same time. It is a common practice. The mining of multiple coins at the same time is referred to as “Dual-Mining” or “Merged Mining”. The person who performs the whole mining process is called the miner.
Mining two coins at a time is a simple process, it does not require any additional computational power. However, quality computing hardware and an additional setup to support the process would be required.