Pepecoin Mining Pool Guide
Pools and Algorithms
As of today, there are several pools mining Pepecoin using the PEPE Scrypt PoW algorithm. The hashrate distribution, pool fees, and minimum payments vary between pools. For a comprehensive overview, refer to the following resources:
PepeGuild Mining Pool
PepeGuild is a unique mining pool with no account system. To participate, you'll need to download the Pepecoin Core wallet and create a Pepecoin address. Pepecoin differs from ERC20 tokens as it operates as a layer 1 blockchain. Its straightforward design prevents malicious smart contracts from exploiting funds.
Proof-of-Stake Transition
Pepecoin's transition to a fully Proof-of-Stake consensus mechanism at block 1700000 is scheduled to eliminate proof-of-work mining blocks. This change aims to stabilize the chain and prevent block reorganizations.
X11 Mining Algorithm
The X11 mining algorithm, used by PepeCoin Memetic, involves sequential mixing of multiple hashing functions. This algorithm is modified for PepeCoin Memetic to distribute rewards fairly.
Conclusion
For those seeking to contribute to the Pepecoin network, choosing the right mining pool is crucial. By understanding the different algorithms, pool fees, and minimum payments, miners can optimize their rewards. The transition to Proof-of-Stake marks a significant milestone in Pepecoin's development, enhancing its stability and long-term viability.
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