Bitcoin Forum

Difficulty just reached 7k, it's barely profitable power wise to keep mining scrypt coins, I have already distributed my miners to scrypt-n, x11 and x13 coins in hopes for them to be the next norm now that scrypt ASICs have ruined it for GPU miners.

Good luck to all.

I am glad I've stopped mining with GPUs 2 months ago and pretty much sold all my rigs without losing any money

I am down to 1mhash on Scrypt GPU mining...going to pull the plug very soon  :'(

Goodbye x11 when people figure out FPGAs can mine them with little effort

FGPAs are expensive...

What are FPGAs? I hope it's simple to run lol!

FPGAs are very expensive programable chips.

Ive just turned my GPUs off mining DRK as difficulty has shot up in the last few days.  I'm waiting for winter to settle in here in Australia before I go back to DRK mining again as atleast the PC will keep my office warm.

http://elinux.org/Parallella_Hardware

Only $99 for a board with both a Parallella manycore and Xilinx Zynq 7010 or 7020 FPGA...

Hello ScryptN.

isn't scrypt n just a bad solution. yes it momentarly prevents asic. but it eat just as much electricity for GPUs with half the hashrate. after N rises a few numbers it will be beter to mine with CPUs.

Hello new ASIC and BOT.net

meanwhile, myriadcoin offers 5 mining choices and welcomes all types of miners. :)

And now we have FlowerTech claiming that their Scrypt ASIC will do Scrypt-N up to n=16384

https://litecointalk.org/index.php?topic=7930.1350

https://www.flowertechnology.com/wp-content/uploads/2014/04/Accouncement-290414.pdf

And we have now discovered who ruined Myriadcoin Groestl difficulty levels.

keep seeing this claim, but haven't really seen any in action.

not that i don't believe it, but wondering how fast it can get.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           

Nothing but 4 mhs and but I am still on the profit side with gpu. Besides I mine with the future in mind, not the present.

i don't really care as i actually don't mine 24/7, but only at launch

and lol at litecoin being profitable, yes maybe when diff was 400 or something, at 2500 already there were other coins above in profitability


hello pure pos coin

they are the future, they just need more transparency

We are looking into it closely, if they are able to release what they said, changing parameter in Scrypt - N is alternative option to prevent them.

Now its time for them to come out with x11 ASIC and scrypt-n ASIC and we are completely doooom...

We'll adapt.

I won't accept that fact that I will have to play games with my gpu's only. :)

High electricity bills have not enough to support the normal operation of the machine, also not to mention the profits

Goodbye GPU mining in general. I'm skeptical if you could create a new coin, just using a non-asic (yet) algo and make it a success. Dogecoin was a fluke, that aside- everything else just doesn't look like worth the effort compared to improving bitcoin itself.

Primecoin maybe? Protein folding coin?

Anybody take the plunge and preordered from Flower Technology? $329 for a 10 mh/s? Wow! And it mines scrypt N too? Wow!

It is time to say good bye to GPU scrypt mining .Then where will you go ?X11 ?

Maxcoin...

Newer coin , newer algo , new asic . It's rinse and repeat .

Indeed.  GPU mining is the past . ASIC is coming.

they said the same thing last year about sha256 mining, this time is for scrypt mining, not for mining in general

the fact that scrypt mining is over for gpu don't mean shit, it's the opposite, scrypt mining is dead

A new algorithm could come up which will be ASIC resistant for a while.
Maybe Darkcoin with x11?

x11 is not a good asic deterrent, some companies claim that they are secretly developing a scrypt-n asic too, probably bullshit for now, but it could be a reality soon

vertcoin guys claim that they will change the factor to an even higher one(this n-factor changing cannot be played for long), but this will reduce gpu efficiency too, which is not a good thing.

jackpot/heavycoin/aiden algo are just different ramifications of x11..

pure pos are not bad imho, but distribution need to be clear

we need something really new, but personally i don't care because i don't mine for 24/7 but only at launch, and at launch if you come first you can beat monsters hash

Sure, they're credible.

The site is a $9.95/month shared server and is Wordpress based LOL

https://www.flowertechnology.com/wp-login



~BCX~

ya i heard about that somewhere else and it sounded like bs they have no proof they made it..
and the VTC dev said he would look into it and act on it so.. who knows even i fit is real that doesn't mean scrypt-n is over i think

Why not?
Well we need a good developer and we can have something that could deter asics.

Looks like Darkcoin is going to take the lead.

Best coins in order are:

1) Bitcoin
2) Darkcoin
3) Vertcoin

This just takes away the damn fun. imho, gpu mining was really fun, something to do. these asic things or w/e they are I'll call them "big machines" I cannot put a grasp on them "understand them" the scams, preorders, who to trust, where to go, where to go to trust, fucking shit like that. big machines aren't like I can goto authorized dealership and buy gpus right away and start gaming/mining. and plus big machines are what? $2k & up USD? wtf...

Little man put under again. Capitalism in cryptocurrency?

I edited a few times:

All these random collections of hash-functions are a dead-end for ASIC-resistance...

You get ASIC-resistance from the use of memory.
scrypt, at 128KB, doesn't use even nearly enough, nor does scrypt-N.

You should be requiring at least a thousand times more memory:
hundreds of MB, if not GBs.

For verification to remain fast, you need an asymetric proof-of-work,
where verifying the proof is MUCH easier than a single attempt to find it.

I use a cloud scrypt mining service now as opposed to trying to chase the new coins or using a multipool and I don't have to constantly monitor my rigs or deal with electricity costs. Just a thought. http://scrypt.cc?ref=babLE (yes it's a referral link but that's what we do in the crypto world we pay it forward)

Agreed. I don't even know what to mine any more.

there are so many decent gpu alternatives. just mine those, dump and buy litecoin. its barely a difference.

I have been trying to find a good alt to mine. Any suggestions?

I stick to Vertcoin... the Darkcoin block reward algorithm is fuking retarded.

And this folks, is how you win in this game.

Hahaha, the 3D renders look like they were drawn in MS Paint....not the new one, the one that came with windows 98

Yep, VTC for now.

I'd avoid X11 unless you use a FPGA

Who's using FPGAs for X11 ?

We need to put out minds together and make something innovative and life changing. Most alt-coins are going no where though some do

Then you have coins that are scam coins from the start.

this

yeh i'd be interested in that too!

i dont get why X11/DRK wouldnt be a coin of preference if moving away from scrypt?  especially with the northern hemisphere summer coming.

I doubt anyone is now--at least not with old Bitcoin hardware.  You'd need a very large and expensive FPGA to do X11 in one chip, or an array linked together for serialized hashing.  The most common type used for Bitcoin had 150K logic cells and only held 2 or 3 SHA256 engines per chip.

Where can we observe the impact of asic miners on different coins? network hashrate increase, dificulty change,...

In the 200% increase in difficulty in less than 2 months.

I am asking for a site which shows network hashrate, dificulty for multiple coins. It should be fun watching these numbers/graphs in incoming days/weeks.

http://bitinfocharts.com/comparison/difficulty-ltc-drk-vtc.html

Can't wait to see all the Litecoin clones get 51% attacked starting with feathercoin and ending with dogecoin. The next 6 months will be exciting.

Good morning X11 mining!!!

byt411 recommended something very interesting to me.

https://bitcointalk.org/index.php?topic=595255.msg6545548#msg6545548

Mine the best coin out of all coins, the pool switches to best coin, in return you get BTC in your wallet.

I'm doing a 24hr test see hout it come out too. http://coinshift.com/

LTC can be easily 51%, the reason that the difficulty hasn't reached 20,000 is because it wouldn't make sense for the current people (whoever they are) that are mining with ASICs to put more machines in there because they would simply be competing against themselves.

I'd say check out monero. It's got a new codebase--not a bitcoin clone.