When it comes to the world of digital currencies and altcoins, multipools are becoming the new standard for Proof-of-Stake coins these days. By creating buy pressure on exchanges for the PoS coin, miners are incentivized to keep mining at the multipool in order to drive up the coin price. Jumbucks is doing it in a slightly different manner, as they have launched a multicoin multipool.
While the Jumbucks multipool had been in the works for quite some time now, no one ever imagined another coin would be supported on the launch day. Both Jumbucks and Pinkcoin can be mined at the Jumbucks multipool, which will not only increase the overall hashrate of the JBS multipool, but also give Pinkcoin miners an additional resource to provide buy pressure for the coin.
“With a good portion of the Pinkcoin community having been introduced to mining via Jumbucks, it only makes sense that we continue to mine our own coin through a JBS mining tool. We are excited to introduce the ability to mine Pinkcoin whilst benefiting another good community and their coin.”
-Fayoling, Pinkcoin Core Developer
Pinkcoin community members can mine their PINK on the Jumbucks multicoin multipool by usin their Pinkcoin address as a username. All payouts will occur in PINK on a daily basis. There is a small trade-off however, as 5% of the PInkcoin hashpower on the multipool will go towards the JBS miners, which can be labelled as the “operating fee” for offering such a service.
All of this resulted in the multicoin multipoool seeing the light of day. The Jumbucks developer does invite other coin developers to get their coins added to the multicoin multipool. According to the JBS developer, we will see another coin being added to to the multicoin multipool within the next week, so we will keep an eye out for more information!