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Title: Bitcoin ASICs - Litecoin mining capable? Post by: Mikej0h on December 11, 2012, 01:09:29 PM Hi to all,
I'm one of the (hopefully) happy future owners of an ASIC, and are checking my (future) possiblities if the difficulty exponentially grows and rewards drop for Bitcoin Mining. Mining software that will be used is cgminer or bfgminer. Will a "Bitcoin ASIC" be able to mine for Litecoins too? From the general perspective it looks like LTC is setup the same as the BTC architechture, however I'm not that deep into it. Who can enlighten me? - Mike Title: Re: Bitcoin ASICs - Litecoin mining capable? Post by: greyhawk on December 11, 2012, 01:13:03 PM No. Bitcoin uses SHA2-256 as proof of work, Litecoin uses Scrypt. ASICs currently in development can do one thing and one thing only: hash SHA2-256
Title: Re: Bitcoin ASICs - Litecoin mining capable? Post by: Mikej0h on December 11, 2012, 01:17:49 PM No. Bitcoin uses SHA2-256 as proof of work, Litecoin uses Scrypt. ASICs currently in development can do one thing and one thing only: hash SHA2-256 Thanks for the straight and clear answer. Pity though... ;-) |