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Title: Scrypt Algorithm Post by: healix21 on November 24, 2017, 03:05:05 AM Hello, can i actually use GPU for mining any coins with Scrypt Algorithm? I'm a bit confused cuz i saw an Asic Scrypt Miner. Sorry New Guy here still learning.
Title: Re: Scrypt Algorithm Post by: DevelopmentBank on November 24, 2017, 03:09:06 AM You can still mine Scrypt with GPUs. But it would be like hammering a nail with a pillow. Hehe.
There are already advanced ASIC's like the Antminer L3+ and because of this, the difficulty of scrypt coins have exponentially increased. You won't earn much and electricity would be more expensive. You could still mine if you want to try it out tho, if you're a "hobby" miner. Title: Re: Scrypt Algorithm Post by: NameTaken on November 24, 2017, 03:09:29 AM About 4 years late on GPU mining Scrypt.
Title: Re: Scrypt Algorithm Post by: healix21 on November 24, 2017, 03:12:25 AM Just wondering if it works on new alts with low difficulty. Anyways Thank you guys.
Title: Re: Scrypt Algorithm Post by: Sir William on November 24, 2017, 06:06:03 AM It does, but scrypt asics work for those too. Most video cards have hash rates in the several hundred kilohash rate. Asics out now, have rates in the hundreds of Megahashes. For example, just for fun, I have one of these mini asics http://sharedmemorydump.net/lketc-usb-scrypt-miner (http://sharedmemorydump.net/lketc-usb-scrypt-miner). It does about 144kh stock. That is about half of what one of my video cards could do. At that rate, not including the power, I make about $1.71/year mining GameCredits (a scrypt coin). If I knclude power, I loose -$3.48/year. And this mini asic uses only 5 watts.
I, personally, wouldn't use a video card for any scrypt coin. It hasn't been profitable since about 2014. I would look at Equahash or CryptoNight. It would be more profitable. |