Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: djarot on July 21, 2014, 08:55:15 AM



Title: Future of mining Monero/ other cryptonote currencies?
Post by: djarot on July 21, 2014, 08:55:15 AM
Hi all!

So to begin I did some researches. I'm curious about mining some alts because my experience in practice is not great, only reading theories. For example - I knew litecoin was so hard to mine now, that it is not possible with CPU, no way, so for fun I tried mining it with CPU for several days and...wow....ALMOST 0.000002$!! So it is true, point proven. But now, I have been a fan of cryptonote tech for quite a while, and so like the idea of mining something like Monero since there is no premine. What I want to know - is - how successful really is mining XMR with CPU? and what do you guys think about the future of mining XMR? Will there be ASICS developed for it and it will become impossible for small guys like litecoin? I think this would be a shame.


Title: Re: Future of mining Monero/ other cryptonote currencies?
Post by: djarot on July 22, 2014, 08:16:38 AM
No one interested in contemplating future?! :D


Title: Re: Future of mining Monero/ other cryptonote currencies?
Post by: iLiekPai on July 22, 2014, 08:46:38 AM
It's way too early to contemplate on ASICs for this algo. It's somewhat profitable to mine with CPU - my i7 3770 is mining with 220 h/s at 40W so it's OK.


Title: Re: Future of mining Monero/ other cryptonote currencies?
Post by: djarot on July 22, 2014, 11:18:16 AM
It's way too early to contemplate on ASICs for this algo. It's somewhat profitable to mine with CPU - my i7 3770 is mining with 220 h/s at 40W so it's OK.


You think really super too early? When do you think such development could happen? curious that perhaps cryptonote is so far away from it..