Bitcoin Forum

KNC entering Scrypt mining hardware development

10k for 100MH/s

https://www.kncminer.com/products/titan ref removed

Looks promising.

Others

https://www.flowertechnology.com/
https://alpha-t.net/product/viper-scrypt-miner-25mhs/
https://fibonacci.io/

In for 5.
At $100 per MH this is the equivalent of building a 3MH 4GPU rig for $300, ~7 times less than current costs.

Power costs look to have a similar reduction.

If true, the price of everyone's rigs just plummeted.

The only caveat is will this even be a player by the time it ships.

Price is to high for most people. They should made it a 50 instead of a 100. I would have gone
for it for sure with their decent track record the the BTC Asics.

Yah this is the "game changer" Scrypt ASIC.

Question is, "exactly when?"

There is absolutely no doubt IMO the KNCs will pay you back, the question is, will the others ship your order a quarter (3 Months) before the Titan, allowing you to make a decent amount first, or will they ship unexpectedly soon and just wipe the floor with everyone else.

From their records so far. They will ship these out and become the first major player.

This will crush the 90-99% of us who are GPU-mining and not interested in investing big $ on what has become an increasingly risky venture. I figured I'd be able to mine until 1Q2015, but now it looks like I'll be dropping out by mid-summer. By fall Scrypt mining will be concentrated in a small number of commercialized mining operations (or a few deep-pocketed individuals).

I wonder how that will impact the flood of altcoins? With fewer miners it will be harder for pointless altcoins to get any hashrate to speak of, which is a good thing. So fewer miners may result in a rallying around the more reasonable altcoins with the rest permanently dropping into the abyss.

seems ROI isn't there

I agree that this will have a centralizing effect on mining, but at the same time, I think this opens the door for some of the new generation of cryptocurrencies that are fervently being worked on. I think this is the catalyst that drives crypto-currencies into a new paradigm.

I agree that this will provide progress to scrypt coins overall, but it kind of forces the smaller miners out...which I don't like.

Yeah, the biggest drawback with ASICs is that it unintentionally punishes hobbyists that cannot afford the costs of these machines. However, I think as we continue to drive on this crypto-currency scene we'll continue to see blockchains that rely on different parameters that will allow hobbyists to continue to participate. The problem is that a lot of the people who came to this scene came in hopes for quick profit will see that there is a harsh underpinning in the crypto-currency world. And a lot of them will resist moving to another system that doesn't reward as handsomely as it does now.

The way I see it though, it's a cycle that continually grows.

what's up with flowertechnology?

Anyone ever heard of them bought their product?

They are a new company and has not shipped any products.

I have ordered from flower tech.
It seems that the competitors are matching knc performance targets.

As for gpu mining, scrypt-n and others like prime algo's may work once scrypt gets high performance asic hardware.

Hobbyists are precisely the ones less affected by large-scale scrypt ASICs. These are the ones that look and quickly react to the next Max, Vert, Drk or HVC. They are the ones that didn't bet the farm and in the worst case, can see it effectively as an hobby .

Then, I'm tempted to get just one or 2 of those Gridseed units, the small 350 Kh/s without controller since I've read one can plug them directly to PC usb, or wait for faster cheaper ones. I intend to use at least one for occasional direct Bitcoin mining.

can anyone vouch for fibonacci? 

There's a huge thread over at litecointalk, dont really want to read through 280+ pages

KNC seems to be the only one that has 'delivered' before and probably the safest bet...