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Title: is it possible to use a Bitcoin ASIC to mine an Alt Coin? Post by: colinistheman on August 13, 2013, 11:24:28 AM Would this even be possible? And if so, would it require re-programming of the device or could a software solution be made to mine, say, Litecoins, or Prime Coin?
I presume that if possible at ALL, it would only be possible for those alt coins which use a similar or nearly identical mining hash code? Title: Re: is it possible to use an ASIC to mine an Alt Coin? Post by: phatsphere on August 13, 2013, 11:36:37 AM well, "an ASIC" implies that it could be any one. hence, the answer is always yes. one just has to build one. if an "existing ASIC" could be used, well, that depends on the asic and the alt coin.
Title: Re: is it possible to use an ASIC to mine an Alt Coin? Post by: franky1 on August 13, 2013, 12:02:31 PM a bitcoin ASIC can mine any coin that is SHA256
a litecoin ASIC can mine any coin that is Scrypt i have yet to see an ASIC that is released and being used that can do both Title: Re: is it possible to use an ASIC to mine an Alt Coin? Post by: Fallout on August 13, 2013, 12:04:16 PM Probably there will never be an ASIC being able to do both ... because then, it would not really be Application Specific (that is what the A and S are standing for), it would more be like an FPGA.
Title: Re: is it possible to use an ASIC to mine an Alt Coin? Post by: colinistheman on August 14, 2013, 10:39:35 AM a bitcoin ASIC can mine any coin that is SHA256 This is what i was wondering. My bad, i left out the "Bitcoin ASIC" in my title and just put "ASIC". How would one go about using the Bitcoin ASIC to mine the alt coin also based on SHA256? Title: Re: is it possible to use a Bitcoin ASIC to mine an Alt Coin? Post by: litecoin_messiah on August 14, 2013, 10:43:16 AM You can mine Bitcoin or any other Scrypt currency and sell them for The Alt Coin at http://cryptsy.com
Check http://coinchoose.com to see the profitability though Title: Re: is it possible to use a Bitcoin ASIC to mine an Alt Coin? Post by: TheSpiral on August 14, 2013, 10:45:27 AM a bitcoin ASIC can mine any coin that is SHA256 This is what i was wondering. My bad, i left out the "Bitcoin ASIC" in my title and just put "ASIC". How would one go about using the Bitcoin ASIC to mine the alt coin also based on SHA256? Title: Re: is it possible to use an ASIC to mine an Alt Coin? Post by: bumpk1nK on August 14, 2013, 10:46:03 AM a bitcoin ASIC can mine any coin that is SHA256 How would one go about using the Bitcoin ASIC to mine the alt coin also based on SHA256? You have to use pool which allow mining alt coins Title: Re: is it possible to use a Bitcoin ASIC to mine an Alt Coin? Post by: krusin on August 14, 2013, 02:06:12 PM a bitcoin ASIC can mine any coin that is SHA256 How would one go about using the Bitcoin ASIC to mine the alt coin also based on SHA256? You have to use pool which allow mining alt coins Not true, I have been solo mining Zetacoin with my erupters. -o 127.0.0.1:port Title: Re: is it possible to use a Bitcoin ASIC to mine an Alt Coin? Post by: krasnyoktyabr on August 14, 2013, 04:18:26 PM a bitcoin ASIC can mine any coin that is SHA256 How would one go about using the Bitcoin ASIC to mine the alt coin also based on SHA256? You have to use pool which allow mining alt coins Not true, I have been solo mining Zetacoin with my erupters. -o 127.0.0.1:port You can mine them, meaning that cgminer will allow you to try to use the wrong hashing algorithm to mine the coins, but it is impossible for something hashing SHA256 to successfully solve a block on a network with a different hashrate. CGminer will display your hashrate and everything, but you will never find a block. Title: Re: is it possible to use a Bitcoin ASIC to mine an Alt Coin? Post by: crazyearner on August 14, 2013, 04:26:07 PM a bitcoin ASIC can mine any coin that is SHA256 How would one go about using the Bitcoin ASIC to mine the alt coin also based on SHA256? You have to use pool which allow mining alt coins Not true, I have been solo mining Zetacoin with my erupters. -o 127.0.0.1:port only with upto about 5GH then it shit its pants already tried to solo mine this stuff with 88GH with and just spits out stales so good luck trying with more hash power Title: Re: is it possible to use a Bitcoin ASIC to mine an Alt Coin? Post by: krusin on August 14, 2013, 04:32:39 PM a bitcoin ASIC can mine any coin that is SHA256 How would one go about using the Bitcoin ASIC to mine the alt coin also based on SHA256? You have to use pool which allow mining alt coins Not true, I have been solo mining Zetacoin with my erupters. -o 127.0.0.1:port only with upto about 5GH then it shit its pants already tried to solo mine this stuff with 88GH with and just spits out stales so good luck trying with more hash power I was only mining with a few Erupters...I have since moved back to mmpool. a bitcoin ASIC can mine any coin that is SHA256 How would one go about using the Bitcoin ASIC to mine the alt coin also based on SHA256? You have to use pool which allow mining alt coins Not true, I have been solo mining Zetacoin with my erupters. -o 127.0.0.1:port You can mine them, meaning that cgminer will allow you to try to use the wrong hashing algorithm to mine the coins, but it is impossible for something hashing SHA256 to successfully solve a block on a network with a different hashrate. CGminer will display your hashrate and everything, but you will never find a block. I have found almost 1000 Zetacoin blocks solo as Zetacoin is an altcoin with a SHA-256 algorithm. Title: Re: is it possible to use a Bitcoin ASIC to mine an Alt Coin? Post by: SpaceCadet on August 14, 2013, 04:49:01 PM I've been mining PPC with my BE's (also BTC for a while). Could also mine TRC (and a few lesser SHA coin), but it's much less profitable (and PPC has PoS :)...
Title: Re: is it possible to use a Bitcoin ASIC to mine an Alt Coin? Post by: shakezula on August 14, 2013, 05:06:00 PM a bitcoin ASIC can mine any coin that is SHA256 How would one go about using the Bitcoin ASIC to mine the alt coin also based on SHA256? You have to use pool which allow mining alt coins Not true, I have been solo mining Zetacoin with my erupters. -o 127.0.0.1:port only with upto about 5GH then it shit its pants already tried to solo mine this stuff with 88GH with and just spits out stales so good luck trying with more hash power I was only mining with a few Erupters...I have since moved back to mmpool. a bitcoin ASIC can mine any coin that is SHA256 How would one go about using the Bitcoin ASIC to mine the alt coin also based on SHA256? You have to use pool which allow mining alt coins Not true, I have been solo mining Zetacoin with my erupters. -o 127.0.0.1:port You can mine them, meaning that cgminer will allow you to try to use the wrong hashing algorithm to mine the coins, but it is impossible for something hashing SHA256 to successfully solve a block on a network with a different hashrate. CGminer will display your hashrate and everything, but you will never find a block. I have found almost 1000 Zetacoin blocks solo as Zetacoin is an altcoin with a SHA-256 algorithm. I also had no issues mining ZET with my erupters, and only Solo. I mined more than 1M of them in a few days, sold them all too. Very nice coin for mining. Title: Re: is it possible to use a Bitcoin ASIC to mine an Alt Coin? Post by: krusin on August 14, 2013, 05:14:03 PM You didn't keep any Shake? I have a small reserve...just in case.
Title: Re: is it possible to use a Bitcoin ASIC to mine an Alt Coin? Post by: bcp19 on August 14, 2013, 05:14:14 PM You can mine Bitcoin or any other Scrypt currency and sell them for The Alt Coin at http://cryptsy.com Did you even read the OP? The thread title? ::)Check http://coinchoose.com to see the profitability though Title: Re: is it possible to use a Bitcoin ASIC to mine an Alt Coin? Post by: colinistheman on August 14, 2013, 05:16:31 PM You can mine Bitcoin or any other Scrypt currency and sell them for The Alt Coin at http://cryptsy.com Check http://coinchoose.com to see the profitability though That's true, one could always mine BTC and sell for the alt coin of their choice. My understanding was that because Bitcoin is becoming more difficult to mine, perhaps mining alt coins and then converting would be more profitable? Is this a good idea or pointless? I've never figured out the conversion numbers of it all |