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Title: What would be needed in a coin that liked Scrypt ASICs? Post by: Stinky_Pete on April 10, 2014, 02:42:16 PM So I was thinking about Gridseed miners, but it seems that many people want to change their coins away from Scrypt to something different because of these ASICs. Does this produce a gap in the market for a coin that is designed with Scrypt ASICs in mind? What parameters would be needed to encourage adoption?
Title: Re: What would be needed in a coin that liked Scrypt ASICs? Post by: Cloudpost on April 10, 2014, 03:28:09 PM scrypt asics bring huge scypt hashpower. Only the biggest coins will stay secure. I think that soon a single huge scrypt asic farm owner with his own pool will be able to fork/attack coins easily (and it will take a few working time for his farm due to low block times). Small/average scrypt coins are in big danger in furute.
Biggest gpu farms (lets say 50-150 mH), that's ~ 1 kW per 3 mH. Imagine what hashrate these farms will produce when they will replace gpus with asics? Enough to form many existing scrypt coins for sure. |