Post pagination

Hey guys I have this code that shows recent posts

<ul>
    <?php $the_query = new WP_Query( 'showposts=10' ); ?>

    <?php while ($the_query -> have_posts()) : $the_query -> the_post(); ?>
    <li><a href="<?php the_permalink() ?>"><?php the_title(); ?></a></li>

    <li><?php the_content(__('(more…)')); ?></li>
    <?php endwhile;?>
    </ul>

I want to paginate this with this code

<?php
$paged = (get_query_var('paged')) ? get_query_var('paged') : 1;

query_posts('posts_per_page=3&paged=' . $paged);
?>

How can I combine it

Please.