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Title: TRC an ideal FPGA Coin Post by: crazy_rabbit on January 31, 2013, 06:22:59 PM With the arrival (albeit slow arrival) of ASIC some GPU miners are going to have to face the decision of either shutting down or switching coins. Litecoin is the obvious initial coin of choice, but it is not mineable by FPGA's currently. FPGA's are for the most part not suited for resale and will soon be obsolete for mining Bitcoin (although there are trade in programs available for some ASIC manufacturers- but not all, certainly no those who are now out of buisness). The best alternative for FPGA miners would be to mine Terracoin, as it will be awhile (most likely at least until second generation ASIC) before ASIC miners have an economic incentive to mine TRC.
Title: Re: TRC an ideal FPGA Coin Post by: nethead on January 31, 2013, 06:57:00 PM Dont get me wrong, i support TRC, but its as ideal as other alts for fpga mining (frc (NO!), ruc, ppc etc etc)
I would love to have an fpga thou.... If anyone wants to sell his for cheap pm me :P Title: Re: TRC an ideal FPGA Coin Post by: crazy_rabbit on January 31, 2013, 07:22:11 PM Dont get me wrong, i support TRC, but its as ideal as other alts for fpga mining (frc (NO!), ruc, ppc etc etc) I would love to have an fpga thou.... If anyone wants to sell his for cheap pm me :P True, true. :-) I also would love to have an FPGA. :-) Title: Re: TRC an ideal FPGA Coin Post by: ElectricMucus on January 31, 2013, 07:55:58 PM You seem to be heavily invested in Terracoin crazy rabbit.
I'll break it to you: No there isn't a ideal FPGA coin - yet SHA-2 neither makes use of the DSP blocks found in FPGAs nor is it particularly beneficial to the layout of the chips. It would certainly be possible to create such a coin, if one find the correct hashing algorithm. Title: Re: TRC an ideal FPGA Coin Post by: crazy_rabbit on January 31, 2013, 10:46:29 PM You seem to be heavily invested in Terracoin crazy rabbit. I'll break it to you: No there isn't a ideal FPGA coin - yet SHA-2 neither makes use of the DSP blocks found in FPGAs nor is it particularly beneficial to the layout of the chips. It would certainly be possible to create such a coin, if one find the correct hashing algorithm. Hahaha, i wouldn't say invested, but I am really into it. :-) its my hobby! Really I am btc but I enjoy alt coins. The fresher the better! As for the block taking 20 minutes, I am surprised. Actually the hash rate is the same, so I guess that is just variance? Dunno. But hash rate is the same. :-) Title: Re: TRC an ideal FPGA Coin Post by: smoothie on February 01, 2013, 07:45:55 AM LOL why mine TRC with an FPGA instead of just using an ASIC?
TRC is fucked up the ass. Someone will point an ASIC at TRC and it will be game over. Good luck with those minor parameter changes. :D Title: Re: TRC an ideal FPGA Coin Post by: crazy_rabbit on February 01, 2013, 09:10:38 AM LOL why mine TRC with an FPGA instead of just using an ASIC? TRC is fucked up the ass. Someone will point an ASIC at TRC and it will be game over. Good luck with those minor parameter changes. :D Look! Under the bridge! I've spotted a Troll! Title: Re: TRC an ideal FPGA Coin Post by: smoothie on February 01, 2013, 09:34:09 AM LOL why mine TRC with an FPGA instead of just using an ASIC? TRC is fucked up the ass. Someone will point an ASIC at TRC and it will be game over. Good luck with those minor parameter changes. :D Look! Under the bridge! I've spotted a Troll! http://img.izismile.com/img/img5/20120716/640/do_the_derp_640_34.jpg HOW DO I TERRACOIN? Title: Re: TRC an ideal FPGA Coin Post by: Atruk on February 01, 2013, 10:23:44 AM You seem to be heavily invested in Terracoin crazy rabbit. I'll break it to you: No there isn't a ideal FPGA coin - yet SHA-2 neither makes use of the DSP blocks found in FPGAs nor is it particularly beneficial to the layout of the chips. It would certainly be possible to create such a coin, if one find the correct hashing algorithm. Hahaha, i wouldn't say invested, but I am really into it. :-) its my hobby! Really I am btc but I enjoy alt coins. The fresher the better! As for the block taking 20 minutes, I am surprised. Actually the hash rate is the same, so I guess that is just variance? Dunno. But hash rate is the same. :-) I love me some altcoins, but terracoin seems like a dead end now. Maybe you can come around to love PPCoin or Freicoin, but I know I can't. For FPGAs the best bet is probably merged mining chains like namecoin. Namecoin might be the oldest of the altchains, but it has a lot of potential uses and people are just now starting to recognize that. It's the only blockchain that found a use beyond bitcoins in that it also serves as a fairly excellent datastore. It will probably be a while before people point their ASICs at Bitparking. Pointing your FPGAs there or mining the same mix they have solo probably wouldn't hurt too much, and ASICs are still coming online in a trickle so you might even get some BTC out of it. Title: Re: TRC an ideal FPGA Coin Post by: mr_random on March 14, 2013, 09:12:40 PM The best alternative for FPGA miners would be to mine Terracoin, as it will be awhile (most likely at least until second generation ASIC) before ASIC miners have an economic incentive to mine TRC. LOL Title: Re: TRC an ideal FPGA Coin Post by: conspirosphere.tk on March 14, 2013, 09:29:14 PM Title: Re: TRC an ideal FPGA Coin Post by: Simran on March 14, 2013, 09:41:47 PM But why only TRC? All SHA-256 have the same advantage to FPGA's :)
Title: Re: TRC an ideal FPGA Coin Post by: Atruk on March 14, 2013, 09:48:29 PM Much has changed since early February. Listing on Vircurex among other things seems to have helped revitalize this coin. Title: Re: TRC an ideal FPGA Coin Post by: meebs on March 15, 2013, 12:01:08 AM Much has changed since early February. Listing on Vircurex among other things seems to have helped revitalize this coin. Other than the exchange... what else? Are you referring to the block fork? (legit question).. or something like increasing BTC difficulty and miners wanting more than a fraction of something a day. Title: Re: TRC an ideal FPGA Coin Post by: Atruk on March 15, 2013, 02:23:33 AM Much has changed since early February. Listing on Vircurex among other things seems to have helped revitalize this coin. Other than the exchange... what else? Are you referring to the block fork? (legit question).. or something like increasing BTC difficulty and miners wanting more than a fraction of something a day. Mostly increasing BTC difficulty and speculation is what i imagine. TRC is also like LTC in being a low drama/controversy altcoin. Title: Re: TRC an ideal FPGA Coin Post by: crazy_rabbit on March 15, 2013, 08:25:48 AM Much has changed since early February. Listing on Vircurex among other things seems to have helped revitalize this coin. Other than the exchange... what else? Are you referring to the block fork? (legit question).. or something like increasing BTC difficulty and miners wanting more than a fraction of something a day. Mostly increasing BTC difficulty and speculation is what i imagine. TRC is also like LTC in being a low drama/controversy altcoin. It's interesting that you mention that. I've been a bit proponent in having TRC on BTC-E, but someone else pointed out that not having BTC-E's "troll box" is probably a good thing. Less drama would certainly be appreciated. Title: Re: TRC an ideal FPGA Coin Post by: conspirosphere.tk on March 15, 2013, 10:55:08 PM I wonder if there could be a way to mine TRC and BTC at the same time like you can mine BTC and NMC.
Title: Re: TRC an ideal FPGA Coin Post by: smoothie on March 15, 2013, 11:59:34 PM ASICs will kill TRC. The "developers" of this coin failed to realize this.
Title: Re: TRC an ideal FPGA Coin Post by: ehoffman on March 16, 2013, 12:19:54 AM ASIC can mine TRC the same as BTC. In fact, a lot of algorithm are the same. BTC, PPC, TRC, FRC, ...
I have FPGA (actually that I build myself from telecom cards we have at out job... that happens to not sell really well ;D, so I give them a second life!). I have an array of those cards and do about 2.2GHash/s (2200MHash/s). To the FPGA (and it's the same for an ASIC), he doesn't know that a workload is BTC, PPC, TRC, etc. It's the same algorithm. So, point a few ASIC at those alt coins and it will for sure choke other miners (including FPGA miners). So, once ASIC is used, the difficulty will raise to the point that it's no more profitable to mine that coin. One of the following will happen: - The coin will take value as the difficulty increase so to remain profitable. Although only to some limit. - More likely, the coin value won't raise so much, and there will be an equilibrium between mining power and coin value. When BTC is more profitable, less people will mine that altcoin. And when altcoin become more profitable, miners will mass switch to it. Eventually, miners will get tired of switching between BTC and that coin (depending on the most profitable), and the value will just slowly decrease. But in the end, there will always be an equilibrium. In fact, it has always been, even a month or two ago. I do remember seeing that even when TRC difficulty was like 400~500. Now there's a surge of power only because of the latest jump in value. In fact, that scenario 2 is reached for TRC. Keep being more or less profitable than BTC, and what do we see, value slowly decrease... Title: Re: TRC an ideal FPGA Coin Post by: mr_random on March 16, 2013, 12:54:45 AM ASIC can mine TRC the same as BTC. In fact, a lot of algorithm are the same. BTC, PPC, TRC, FRC, ... I have FPGA (actually that I build myself from telecom cards we have at out job... that happens to not sell really well ;D, so I give them a second life!). I have an array of those cards and do about 2.2GHash/s (2200MHash/s). To the FPGA (and it's the same for an ASIC), he doesn't know that a workload is BTC, PPC, TRC, etc. It's the same algorithm. So, point a few ASIC at those alt coins and it will for sure choke other miners (including FPGA miners). So, once ASIC is used, the difficulty will raise to the point that it's no more profitable to mine that coin. One of the following will happen: - The coin will take value as the difficulty increase so to remain profitable. Although only to some limit. - More likely, the coin value won't raise so much, and there will be an equilibrium between mining power and coin value. When BTC is more profitable, less people will mine that altcoin. And when altcoin become more profitable, miners will mass switch to it. Eventually, miners will get tired of switching between BTC and that coin (depending on the most profitable), and the value will just slowly decrease. But in the end, there will always be an equilibrium. In fact, it has always been, even a month or two ago. I do remember seeing that even when TRC difficulty was like 400~500. Now there's a surge of power only because of the latest jump in value. In fact, that scenario 2 is reached for TRC. Keep being more or less profitable than BTC, and what do we see, value slowly decrease... This is why it's a GODSEND we have LTC. It's designed to be ASIC resistant. The article on wikipedia makes it clear that it will require a genuine computer science breakthrough for someone to find a way to parallel compute LTC's scypt algorithm (http://en.wikipedia.org/wiki/Scrypt). Miners are the hard workers that drive the system and DESERVE to be rewarded. That's why they deserve a FAIR coin like litecoin. Title: Re: TRC an ideal FPGA Coin Post by: smoothie on March 16, 2013, 01:01:49 AM +1 to both previous posts. some people are too short sighted to see that TRC and all SHA256 coins will go the way of the dodo because of asic domination.
Title: Re: TRC an ideal FPGA Coin Post by: ehoffman on March 16, 2013, 01:45:51 AM Miners are the hard workers that drive the system and DESERVE to be rewarded. That's why they deserve a FAIR coin like litecoin. That's why it's probably one of the only altcoins that I see future in. However, you know that the creators initially taught that LTC would be CPU-only... GPU is the king now because it has massive parallel operations and massive memory bandwidth. In fact, even GPU are really bad at this task, but there just so many 'bad for this kind of job' units on the newer generation of cards that it surpass CPU. However, I can't touch LTC with my FPGA! So I keep to PPC for now, as it's twice as profitable than BTC. With the difficulty raise, it's good to know that I can at least avoid ASICMINER increasing difficulty for a little bit more longer! After all, I did hard work too with those FPGA design/programming/software interface/etc. :D GOD I wish I'd heard of Bitcoins earlier... I heard for it the first time in August 2012. But I have my FPGA functional and mining since around new year (100% as a personal/hobby project), and even then, I added boards later and are at 2.2GH/s only since a month. Had I did this project a hear earlier... :'( :P Title: Re: TRC an ideal FPGA Coin Post by: Walter Rothbard on March 16, 2013, 08:45:44 PM FTFY :) (All kidding aside, I am happy for LTC's success and hope they continue to succeed.) |
