ViaBTC currently supports merged mining of LTC with DOGE, BELLS, LKY, PEP, and JKC coins. This article will provide tutorials on mining these coins to help you learn more about merged mining.
1. Introduction
1.1 Dogecoin (DOGE)
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Dogecoin is an open-source distributed digital currency based on blockchain technology, created in December 2013 as a fork of Litecoin, and is loved by dog enthusiasts around the world.
1.2 Bells (BELLS)
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BELLS was created by Shibetoshi, the founder of DOGE, in 2013. It is designed based on the currency from the Nintendo game "Animal Crossing." BELLS did not achieve the same level of popularity as DOGE and experienced a near halt in development over time. Inspired by the tenth anniversary of DOGE, the BELLS nodes were relaunched in December 2023, garnering considerable attention.
1.3 Luckycoin (LKY)
LKY was created by the anonymous developer LuckyC in 2013 and was revived in 2024 by a group of community volunteers. In August 2024, a backup of the 2013 Luckycoin blockchain was discovered, and the chain was restored from block 81,743, preserving as much of its history as possible.
1.4 PepeCoin (PEP)
PEP is a fork of Dogecoin designed to create a new and interesting community. Officially launched on January 30, 2024, PEP is a Layer 1 public chain based on a proof-of-work (PoW) mechanism, featuring an independent decentralized network. Its abbreviation is PEP, starting with the letter P, distinguishing it from PEPE, PEPECOIN, and others.
1.5 Junkcoin（JKC）
Launched in May 2013 on Bitcointalk as a fork of LTC, Junkcoin was revived by a community-driven initiative in November 2024. It has gained attention as one of the earliest meme coins.
DOGE, BELLS, LKY, PEP, and JKC utilize the Scrypt algorithm, the same as LTC, and support mining with Scrypt ASIC miners, allowing LTC miners to participate in the mining process.
2. Merged Mining
Merged Mining refers to a process where miners provide hashrate that not only earns mining rewards from the primary coin being mined but also generates additional rewards from other coins. This means that a single unit of hashrate can earn multiple rewards.
For example, in the case of DOGE, miners connecting their LTC hashrate to ViaBTC (the payment method needs to be PPS+ or PPLNS) will automatically receive DOGE, without needing to take any additional actions.
For more information on Merged Mining, please refer to What’s Merged Mining?
3. Mining Reward
3.1 Payment Method
LTC miners can receive merged mining rewards by selecting either PPS+ or PPLNS. As DOGE, BELLS, LKY, PEP, and JKC are distributed based on the PPLNS, the amounts received are not fixed, meaning that merged mining rewards are allocated to miners in proportion to their actual hashrate.
3.2 Reward Mechanism
- The block reward for DOGE is set at 10,000 DOGE, with no further halving events occurring.
- BELLS utilizes a random reward mechanism, leading to substantial variations in the values and probabilities of mining rewards across different time periods. For detailed information on the specific block reward probabilities for each period, please refer to the "TOKENOMICS" section on the BEL official website.
- LKY, PEP, and JKC all have a block reward halving mechanism, so please pay attention to official announcements.
3.3 Frequency of Earnings Settlement
- DOGE are distributed in real-time.
- are distributed every 10 minutes.
- BELLS, LKY, PEP, and JKC are distributed every 2 hours.
3.4. There is no need to prepare a wallet address in advance; once the hashrate is connected, the earnings will be directly deposited into the linked ViaBTC account.
4. Assets Management
You can check your free earned in [My Assets].
DOGE, BELLS, LKY, PEP, and JKC now support manual withdrawals, automatic withdrawals (with zero fees and daily payments), and withdrawals to CoinEx exchange (with zero fees and real-time processing).
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