It seems like multipools are becoming a hot and popular trend these days. Not the multipool mining coins & exchanging them for Bitcoin or Litecoin, although they remain very popular due to obvious reasons.
I’m talking about the PoW/PoS hybrid coins which have entered their PoS-only stage now, and run a multipool where people can mine other coins, which are exchanged to Bitcoin, said Bitcoin is used to buy the coins that are in the PoS stage.
Assuming the above made sense to you, you know I’m talking about coins such as BlackCoin, who are running a multipool with great success. However, they aren’t the only ones doing so, as ZeitCoin also opened up their multipool yesterday.
With servers spread out over New York, California, Amsterdam and Singapore, every miner who’s interested in acquiring some additional ZeitCoin should be able to have a low latency when connecting to their pool of choice.
The ZeitCoin Multipool seems to work a bit differently though. To connect to the pools , you have to use a Bitcoin wallet address, not a ZeitCoin address. Not a reason to worry though, as you will actually be paid in ZeitCoin.
The reason for using a Bitcoin address is because you are using some of WafflePool’s servers, and their multipool pays out in Bitcoin. In the Zeitcoin Multipool database, that Bitcoin address will be linked to your ZeitCoin address, and pay out in ZeitCoin accordingly.
The ZeitCoin used to pay out the miners will be bought from the MintPal exchange, but other options are also being looked at. Keep in mind that this multipool is still in open beta for now, and things are subject to change.
An interesting move from the ZeitCoin community, and I’m anxious to see what this will do for the value of ZEIT, as it’s still sitting at 4 Satoshi right now.