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39 sats \ 3 replies \ @Undisciplined 19 Aug \ parent \ on: Is merged mining shitcoinery? bitcoin_Mining

Can you exchange any of those for bitcoin?

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25 sats \ 2 replies \ @siggy47 OP 19 Aug

Real bitcoin only runs on the bitcoin chain, of course. I bet most of these have fake bitcoin that run on their own shitchains. I think rootstock might have a way to swap between chains. There are probably centralized exchanges where you can exchange the shitcoin for bitcoin, but I don't know which exchanges trade which coins.

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39 sats \ 1 reply \ @Undisciplined 19 Aug

Well, however roundabout the process is, miners should probably try to get as much bitcoin as they can per hash.

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25 sats \ 0 replies \ @siggy47 OP 19 Aug

That all happens after the block is mined. Using that criteria, miners aren't for the most part keeping bitcoin. They want US dollars in the end.

Transaction fees are earned immediately, then they own the shitcoins

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