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Title: How will ASICs affect alt-coin mining profitability? Post by: sinner on May 24, 2013, 08:01:11 PM There are no ASICs for alt-coins (yet), but how will ASICs affect alt-coin GPU mining profitability?
numbers from dustcoin: ( dustcoin.com ) Quote Bitcoin SHA-256 N 237730 11187257 25 1.00000000 11193250 100.00% 0 0 $0.00 Litecoin scrypt N 358552 558.121 50 0.02355834 422344 94.44% 0 0 $0.00 Namecoin SHA-256 Y 112506 2470852 50 0.00699024 39322 6.33% 0 0 +$0.00 PPCoin SHA-256 N 49600 355726 409.43 0.00156887 29860 80.80% 0 0 $0.00 will the alt coin ratio vs BTC always tend to 100%? If it does, then ASICs will make alt-coin mining unprofitable. we can already see it is less profitable to mine pretty much every alt--you're better off mining bitcoin then trading. Title: Re: How will ASICs affect alt-coin mining profitability? Post by: crazyates on May 24, 2013, 08:39:05 PM There are no ASICs for alt-coins (yet), but how will ASICs affect alt-coin GPU mining profitability? LTC has been more profitable than BTC for quite a while now, but I don't think that can be sustained when hundreds of people switch their GPUs from BTC to LTC. I don't expect it to go back to the 150% of BTC that it was at. numbers from dustcoin: ( dustcoin.com ) Quote Bitcoin SHA-256 N 237730 11187257 25 1.00000000 11193250 100.00% 0 0 $0.00 Litecoin scrypt N 358552 558.121 50 0.02355834 422344 94.44% 0 0 $0.00 Namecoin SHA-256 Y 112506 2470852 50 0.00699024 39322 6.33% 0 0 +$0.00 PPCoin SHA-256 N 49600 355726 409.43 0.00156887 29860 80.80% 0 0 $0.00 will the alt coin ratio vs BTC always tend to 100%? If it does, then ASICs will make alt-coin mining unprofitable. we can already see it is less profitable to mine pretty much every alt--you're better off mining bitcoin then trading. Title: Re: How will ASICs affect alt-coin mining profitability? Post by: sinner on May 24, 2013, 10:09:27 PM LTC has been more profitable than BTC for quite a while now, but I don't think that can be sustained when hundreds of people switch their GPUs from BTC to LTC. I don't expect it to go back to the 150% of BTC that it was at. LTC mining is not more profitable than BTC now. Title: Re: How will ASICs affect alt-coin mining profitability? Post by: crazyates on May 24, 2013, 11:17:20 PM LTC has been more profitable than BTC for quite a while now, but I don't think that can be sustained when hundreds of people switch their GPUs from BTC to LTC. I don't expect it to go back to the 150% of BTC that it was at. LTC mining is not more profitable than BTC now.Title: Re: How will ASICs affect alt-coin mining profitability? Post by: bcpokey on May 26, 2013, 07:50:27 PM Quote Mincoin scrypt 71322 0.722 2 0.001030010 mcxNOW 138.71% Worldcoin Worldcoin scrypt 74611 2.50674314 32 0.000190150 mcxNOW 118.00% DigitalCoin DigitalCoin scrypt 34530 1.683 20 0.000195500 Cryptsy 112.94% BitBar BitBar scrypt 8878 11.101 0.172421 0.140000000 Bter.com 105.71% Terracoin Terracoin SHA-256 134717 25063.342011809647 20 0.002620000 Bter.com 101.64% All more profitable than bitcoin atm. Now there's huge swings so doubtful that any of them will be long term winners. That aside, ASICs will definitely drive tons of GPU miners to alt-coins and drop their profitability significantly. Will it tend towards 100%? No, of course not. It is only tending that way due to GPUs being the majority of both networks. When GPUs are the exclusive domain of alt-coins (scrypt based at least) there will most likely be a push towards a ratio which makes alt-coin mining slightly profitable over electricity cost, as was bitcoin, on the semi-useful / new coin chains. I would be more intersted to see if all the new coin nonsense that we see now will continue after ASICs dominate bitcoin, GPU miners sell off their rigs, and there is less people interested in network hopping and speculating in alts. Title: Re: How will ASICs affect alt-coin mining profitability? Post by: bb999 on May 29, 2013, 01:36:09 AM To the extent that ASIC miners can be switched between different coin mining operations (litecoin vs. bitcoin, etc) without hardware modifications profitability should become fairly stable between the various currencies as miners switch to whichever is the most profitable and drive down the profitability in that sector.
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