Bitcoin Forum

Just gathering data, building a rig and not deciding whether to get some Bitcoin ASICS (which im assuming you can reconfigure to other sha coins) or do a scrypt rig. Thanks!

I'd recommend Scrypt and follow coinwarz/coinchoose to mine the most profitable coin. If want quick profit use trademybit or similar pools.

If you are talking about mining profitability, scrypt is definitely the winner now. :)

+1 for Script. SHA 256 coins are very hard to mine these days.

none, scrypt is about to go unprofitable too..

I vote Cuckoo Cycle:-)

SHA is ok if you get ASICs, but scrypt is much more profitable right now if you don't have ASICs.  CPU only coins might catch on though, and if they do, you might just want lots of CPUs :P

If a CPU mining only coin came out someone with a supercomputer would just blow up the difficulty. Id assume it would be hard to make a cpu limited coin?
You might be able to by making the hashing algorithm use some set of instructions that a GPU couldnt do? even still an ASIC can always be made too.

You might want to read up on https://github.com/tromp/cuckoo

CPU mining should be the best now, since you can't find any info about ASICS replacing CPU

with this you do these two things together


http://s28.postimg.org/ounzx6gft/image.jpg (http://postimg.org/image/ounzx6gft/)

http://s28.postimg.org/3whtz3gl5/image.jpg (http://postimg.org/image/3whtz3gl5/)

http://s28.postimg.org/julhs44hl/image.jpg (http://postimg.org/image/julhs44hl/)

Yep, if you want to waste energy.  Those are absolutely NOT worth SHA mining with...you'll get far better results using them for scrypt only.

http://scrypt.cc?ref=baars (http://scrypt.cc?ref=baars)

Could mining site here, scrypt hashes but payment in BTC every 10 mins, if you cannot decide hehe

+1 for Scrypt ! The reason is that it is more profitable right now.

scrypt (dogecoin http://dogecoin.com (http://dogecoin.com)) or scrypt-N (vertcoin  http://vertcoin.org (http://vertcoin.org))
both are quite profitable with GPUs and relatively price stable at the moment,
ignore wolong's pandacoin, its premined

only scrypt, for sha 256 you need to invest a lot of $$$
http://www.coinwarz.com/cryptocurrency

in few months time, both will be unprofitable..

Meaning the CPU-only coins are a more flexible investment. Your hardware is resalable to the general PC market too.

Note Scrypt is not cpu-only.

Cuckoo is also not cpu-only, it is memory-only.

We should just hand SHA256 mining to large companies, it's even more profitable to invest in cloud hashing so why not?

Actually i though scrypt asics could mine on alt coins, as long as they are scrypt and are not scrypt jane or have an N factor. Was i wrong? Thats what interested me in scrypt ASIcS, because if LTC becomes unprofitable (reaching that point) then you could point those same asics at some altcoins, or use a profit switcher pool; so they have life beyond that where SHA is stuck to bitcoin, and maybe like namecoin (if im correct)

There is a subjective recurring word here:  profitability.  Because 5 dollars per month to me isnt profitability. 

Folks will often refute their own time and efforts to setup the hardware which should be accounted for when determining "profitability"  Do you work for free?  You shouldn't, so that works to the same effect that profitability shouldn't be the driving motivator so much as reasons to support "X" network, whether that be Dodge coin or Vertcoin or 21Coin.  Bigger underlying issue with all of this is that there isn't a specific utility to drive the demand of cryptocurrency because whatever you can acquire with cryptocurrency can also still be acquired with cash.

Hopefully things like smartproperty and new age securities that require nothing more than a permanent deposit to grant coverage (think things like insurance policies)  will be the driving force towards mainstream adoption for cyrptocurrency. 

I repeat - the underlying motion is to "stick with X coin" for the sake of profitability and not necessarily utility - THIS IS THE WRONG APPROACH FOR LONGEVITY! 

I picked sha256 as I've acquired hardware but I also expect to have scrypt hardware online next week too.  Sure, if the little guy wants to break in and do analysis on profitability, then be my guest, but that should not be what we're all trying to solve here.

My two cents.

I mine both Scrypt (with GPU) and SHA-256 (with ASIC).

I would recommend you wait a couple of months and see if Alpha Technologies will actually deliver their new ASICs Scrypt mining rig, and if the specs hold up as promised. If they do it should be pretty profitable for a while at least, assuming you can get a hold of one.

If you are risk averse Scrypt is probably the way to go at the moment since you can always re-sell the gear and recover a substantial portion of your investment. ASIC's are useless for pretty much everything except mining.

I believe it can only mine scrypt and not other special scrypt..

+1 for Scrypt and I'm going to tell you what you know but what nobody said over here.

1. If bitcoin crashes, you can sell your computer for atleast 50% (bc the GPU's will decrease in value), you wouldn't be able to sell ASIC's
2. Right now it's more profitable, and the good this is that different altcoins come out, so the total Hashrate gets distributed to a lot of different coins. For example, if Dogecoin wouldn't exist, then LTC's difficulty would probably be at 6000 now.
3. Even though ASIC's for Scrypt are only months away, different variation of scrypts will come out (like N scrypt for VERT) that won't allow ASIC's to mine them. And I'm sure that then a whole bunch of new Nscrypts are going to come out.

4. If one day you're bored, disconnect one of your GPU's and use it to play videogames. Minecraft for example... ;)