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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Joerii on March 24, 2014, 06:16:06 PM



Title: Scrypt mining is dead
Post by: Joerii on March 24, 2014, 06:16:06 PM

Scrypt mining for GPU miners is about to become a thing of the past


Scrypt ASIC miners are about to be unleashed on the market.

KnC,  (https://www.kncminer.com/products/titan) a reputable ASIC manufacturer and  Alpha Technologies (https://alpha-t.net/product/viper-scrypt-miner-25mhs), a promising new player, are racing to be the first to deliver super powerful rigs that will blow GPU miners out of the water.

ASIC miners are custom designed machines with chips build specifically to tackle hashing of a particular algorithm. They are much more efficient and the Titan and Viper both look to be around a hundred times more powerful than a Radeon R9 290X, and because they use a fraction of the power to hash, they can mine profitably when GPUís are reduced to noisy and expensive heating devices.

Thousands of miners with GPU rigs are about to be outcompeted by these new ASIC miners. What happened to SHA-256 based coins when Bitcoin ASICS were launched is about to happen to Scrypt. Bye bye profit.



Enter Hirocoin

Hirocoin neutralizes the ASIC threat by using X11 as a hashing algorithm.  Not only is X11 extremely hard to build an ASIC for, itís actually more GPU friendly than other non-scrypt hashing solutions, like Scrypt-N or Scrypt Jane.
X11 is a cutting edge algo that uses the following for complex hashing : Blake, Bmw, Groestl, Jh, Keccak, Skein, Luffa, Cubehash, Shavite, Simd and Echo.

Itís GPU friendliness  translates into higher hashrates, lower power and memory usage and even  lower temperatures , making Hirocoin easy to mine for everyone.

Additional reasons to mine and/or invest in Hirocoin are the following  :

  • No multipools for X11 yet which strip the profit from regular miners
  • X11 is more efficient and thus a greener solution then other algoís
  • A real developer who is dedicated to Hirocoin and has long term ambitions.
  • Blockchain secured by KGW, automatic checkpointing and time travel limitation
  • Wallet with extra features with ease of use in mind. No need ever to add nodes, for example ( all the features are beyond the scope of this article, stay tuned for Hiro's paper on X11 )
  • Exchange rate is very low, so you can still get in on the ground floor.
  • No premine !

Visit Hirocoin.org for more information (https://www.hirocoin.org/)

http://www.hirocoin.org/img/facebook.png (https://www.facebook.com/hiro.coin)   http://www.hirocoin.org/img/twitter.png (https://twitter.com/HiroCryptoSatou)   http://www.hirocoin.org/img/reddit.png (http://www.reddit.com/r/Hirocoin/)


Title: Re: Scrypt mining is dead
Post by: reRaise on March 24, 2014, 06:23:12 PM
Nice post although Quark is still the most secure one:

Quark is using 9 rounds of hashing: while using 6 rounds from Blake, Blue Midnight Wish, GrÝstl, JH, Keccak and Skein it adds 3 more rounds of hashing randomly: so the computer doesn't know whether it will be Keccak or GrÝstl or Blake. And that's one of the uniqiue beauties of Quark. Unfortunately, Darkcoin or Qubitcoin or Hirocoin don't do that: the computer remains certain about which hashing function will be used.

Another advantage of Quark might be, in this case it was compared with darkcoin, Darkcoin's block generation time is 2.5minutes (150seconds), while Quark is 30 seconds. Which means that Quarks algorithm with an element of randomness (unpredictability) will have to be cracked in 30 seconds to create a double-spend fork, while for Darkcoin this window of opportunity for the attacker is 5 timeslonger: 150 seconds with no element of randomness. If you take all these factors into account, Quark is still the most secure - it's not only about the number of hashing functions."



Title: Re: Scrypt mining is dead
Post by: redmist on March 24, 2014, 06:23:45 PM
Looks interesting. You've got some nice ideas so I'll be watching this one.

But just a thought, Litecoin was originally supposed to be CPU mined only, yet someone managed to get GPU's working for it. Litecoin was also supposed to be ASIC resistant, but look whats happening now. Who's to say that won't happen for Hirocoin?


Title: Re: Scrypt mining is dead
Post by: Hazard on March 24, 2014, 06:25:24 PM
( all the features are beyond the scope of this article, stay tuned for Hiro's paper on X11 )
A white paper from a guy who stole a bunch of features from darkcoin? Hilarious.


Title: Re: Scrypt mining is dead
Post by: JimminyCricket on March 24, 2014, 06:28:13 PM
Interesting article here regarding the future:

http://kolinevans.wordpress.com/2014/03/02/why-there-could-be-a-mini-revolution-occuring-in-crypto-currency/


Title: Re: Scrypt mining is dead
Post by: majorminers on March 24, 2014, 06:29:04 PM
So as soon as a new technology enters the market everyone dumps their current equipment?

Not everyone is rich.  ;D



Title: Re: Scrypt mining is dead
Post by: Joerii on March 24, 2014, 06:40:18 PM
( all the features are beyond the scope of this article, stay tuned for Hiro's paper on X11 )
A white paper from a guy who stole a bunch of features from darkcoin? Hilarious.

I didn't claim it's Hiro's invention. It's open source and Hiro used it.

...and since there's no good paper on X11 yet, he's going to write one, explaining in detail how it works.

I love your blog cryptolife.net, by the way. Are you going to write about the new algorithms ?


Title: Re: Scrypt mining is dead
Post by: 124C41 on March 24, 2014, 06:41:07 PM
It's evolution baby.
No stealing in open source, just iterations and evolution.

( all the features are beyond the scope of this article, stay tuned for Hiro's paper on X11 )
A white paper from a guy who stole a bunch of features from darkcoin? Hilarious.


Title: Re: Scrypt mining is dead
Post by: Joerii on March 24, 2014, 06:51:06 PM
So as soon as a new technology enters the market everyone dumps their current equipment?

Not everyone is rich.  ;D



The title of the thread is provocative on purpose ;)

No, nobody's throwing away any hardware. The race is on for the next tier of cybercurrency.

Bitcoin
Litecoin
Hirocoin ?

Right now the only other X11 coin is Darkcoin. Darkcoin is also excellent, check out their ANN. Darksend is very innovative. What Hirocoin purposefully avoided, however, is an association with being secretive or in darkness. Hirocoin instead strives to be very secure and built with the future in mind.


Title: Re: Scrypt mining is dead
Post by: Hazard on March 24, 2014, 06:51:23 PM
I love your blog cryptolife.net, by the way. Are you going to write about the new algorithms ?
I think they're all silly. You can only avoid ASICs for so long. Remember back when litecoin was billed as GPU resistant? Meanwhile artforz was raking in the dough with his private gpu miner.

It's an inevitability unless you plan on hardforking once a year to a new algo.


Title: Re: Scrypt mining is dead
Post by: Spoetnik on March 24, 2014, 06:56:11 PM

Scrypt mining for GPU miners is about to become a thing of the past


Scrypt ASIC miners are about to be unleashed on the market.

KnC,  (https://www.kncminer.com/products/titan) a reputable ASIC manufacturer and  Alpha Technologies (https://alpha-t.net/product/viper-scrypt-miner-25mhs), a promising new player, are racing to be the first to deliver super powerful rigs that will blow GPU miners out of the water.

ASIC miners are custom designed machines with chips build specifically to tackle hashing of a particular algorithm. They are much more efficient and the Titan and Viper both look to be around a hundred times more powerful than a Radeon R9 290X, and because they use a fraction of the power to hash, they can mine profitably when GPUís are reduced to noisy and expensive heating devices.

Thousands of miners with GPU rigs are about to be outcompeted by these new ASIC miners. What happened to SHA-256 based coins when Bitcoin ASICS were launched is about to happen to Scrypt. Bye bye profit.



Enter Hirocoin

Hirocoin neutralizes the ASIC threat by using X11 as a hashing algorithm.  Not only is X11 extremely hard to build an ASIC for, itís actually more GPU friendly than other non-scrypt hashing solutions, like Scrypt-N or Scrypt Jane.
X11 is a cutting edge algo that uses the following for complex hashing : Blake, Bmw, Groestl, Jh, Keccak, Skein, Luffa, Cubehash, Shavite, Simd and Echo.

Itís GPU friendliness  translates into higher hashrates, lower power and memory usage and even  lower temperatures , making Hirocoin easy to mine for everyone.

Additional reasons to mine and/or invest in Hirocoin are the following  :

  • No multipools for X11 yet which strip the profit from regular miners
  • X11 is more efficient and thus a greener solution then other algoís
  • A real developer who is dedicated to Hirocoin and has long term ambitions.
  • Blockchain secured by KGW, automatic checkpointing and time travel limitation
  • Wallet with extra features with ease of use in mind. No need ever to add nodes, for example ( all the features are beyond the scope of this article, stay tuned for Hiro's paper on X11 )
  • Exchange rate is very low, so you can still get in on the ground floor.
  • No premine !

Visit Hirocoin.org for more information (https://www.hirocoin.org/)

http://www.hirocoin.org/img/facebook.png (https://www.facebook.com/hiro.coin)   http://www.hirocoin.org/img/twitter.png (https://twitter.com/HiroCryptoSatou)   http://www.hirocoin.org/img/reddit.png (http://www.reddit.com/r/Hirocoin/)

i'm gonna be pissed off if your recycling news from last week to scare people into getting involved with this coin and if it is a clone of Vertcoin i'm gonna lose it. lol

even if asics are coming very soon that does not make scrypt dead.. your spinning bullshit so you can hype some other coin.
go fuck your self, your being a weazle here..


Title: Re: Scrypt mining is dead
Post by: Spoetnik on March 24, 2014, 06:58:05 PM
I love your blog cryptolife.net, by the way. Are you going to write about the new algorithms ?
I think they're all silly. You can only avoid ASICs for so long. Remember back when litecoin was billed as GPU resistant? Meanwhile artforz was raking in the dough with his private gpu miner.

It's an inevitably unless you plan on hardforking once a year to a new algo.

very smart reply..
i am not too smart on how coins work but my poking around in some of them with miner-mods taught me some stuff.
and i had come to the same conclusion as you.


Title: Re: Scrypt mining is dead
Post by: HiroS on March 24, 2014, 07:06:03 PM
Nice post although Quark is still the most secure one:

Quark is using 9 rounds of hashing: while using 6 rounds from Blake, Blue Midnight Wish, GrÝstl, JH, Keccak and Skein it adds 3 more rounds of hashing randomly: so the computer doesn't know whether it will be Keccak or GrÝstl or Blake. And that's one of the uniqiue beauties of Quark. Unfortunately, Darkcoin or Qubitcoin or Hirocoin don't do that: the computer remains certain about which hashing function will be used.

Another advantage of Quark might be, in this case it was compared with darkcoin, Darkcoin's block generation time is 2.5minutes (150seconds), while Quark is 30 seconds. Which means that Quarks algorithm with an element of randomness (unpredictability) will have to be cracked in 30 seconds to create a double-spend fork, while for Darkcoin this window of opportunity for the attacker is 5 timeslonger: 150 seconds with no element of randomness. If you take all these factors into account, Quark is still the most secure - it's not only about the number of hashing functions."

Neither 9 or 11 is more secure, this is a common misconception. It is just that one is more complex than the other and the more complex the better ASIC protected. Joerii said that Hirocoin is more secure with automatic checkpointing something that Quark also has. 30 seconds may reduce the window of opportunity for double spend but greatly increases the amount of orphan blocks and orphan chains. Automatic will help resolve the orphan chains but it wastes mining power. If you look at coins like Fastcoin it is an orphan generator and uses extreme values. It is not possible to say that Quark is more secure than Hirocoin.

( all the features are beyond the scope of this article, stay tuned for Hiro's paper on X11 )
A white paper from a guy who stole a bunch of features from darkcoin? Hilarious.

The only element used from Darkcoin is X11. We are working in open source development and are trying to evolve the base software of Bitcoin. I am trying to make X11 a standard for others to use which will benefit both Darkcoin and Hirocoin.

Looks interesting. You've got some nice ideas so I'll be watching this one.

But just a thought, Litecoin was originally supposed to be CPU mined only, yet someone managed to get GPU's working for it. Litecoin was also supposed to be ASIC resistant, but look whats happening now. Who's to say that won't happen for Hirocoin?

I see what you are saying and in the long term if X11 is popular then it may well see ASICs. However there are already Scrypt ASICs out there and it will not be a huge task to adapt these to variable N. X11 is much further from custom hardware and allows people to avoid multipools right now.

i'm gonna be pissed off if your recycling news from last week to scare people into getting involved with this coin and if it is a clone of Vertcoin i'm gonna lose it. lol

even if asics are coming very soon that does not make scrypt dead.. your spinning bullshit so you can hype some other coin.
go fuck your self, your being a weazle here..

It is not Vertcoin which uses Adaptive-N, variable N coins give diminishing returns over time and are not practical long term. X11 does not diminish in performance over time.


Title: Re: Scrypt mining is dead
Post by: Spoetnik on March 24, 2014, 07:25:06 PM
so i'm right and yes it is in fact a mod of VTC lol

edit:
and then we will of course have mods of all the stuff Scypt faces.. gpu's and ascis etc looming

sorry but it sounds like this so called X11 solves nothing.


Title: Re: Scrypt mining is dead
Post by: Amph on March 24, 2014, 07:37:00 PM
scrypt is undoubtedly dead, but not because of asic(not yet at least) but because of market dilution due to shitclones spammed every day

anyway anti asic coin are already there

100% premined coin are anti-mining


Title: Re: Scrypt mining is dead
Post by: dewdeded on March 24, 2014, 08:03:33 PM
http://i.imgur.com/pLjE4sS.jpg

Small KNC Asic farm.


Title: Re: Scrypt mining is dead
Post by: reRaise on March 24, 2014, 08:11:54 PM
Nice post although Quark is still the most secure one:

Quark is using 9 rounds of hashing: while using 6 rounds from Blake, Blue Midnight Wish, GrÝstl, JH, Keccak and Skein it adds 3 more rounds of hashing randomly: so the computer doesn't know whether it will be Keccak or GrÝstl or Blake. And that's one of the uniqiue beauties of Quark. Unfortunately, Darkcoin or Qubitcoin or Hirocoin don't do that: the computer remains certain about which hashing function will be used.

Another advantage of Quark might be, in this case it was compared with darkcoin, Darkcoin's block generation time is 2.5minutes (150seconds), while Quark is 30 seconds. Which means that Quarks algorithm with an element of randomness (unpredictability) will have to be cracked in 30 seconds to create a double-spend fork, while for Darkcoin this window of opportunity for the attacker is 5 timeslonger: 150 seconds with no element of randomness. If you take all these factors into account, Quark is still the most secure - it's not only about the number of hashing functions."

30 seconds may reduce the window of opportunity for double spend but greatly increases the amount of orphan blocks and orphan chains.

False with the recent update in the Quark wallet, orphan blocks have dropped tremendously http://bitinfocharts.com/comparison/orphaned-qrk.html making Quark really a top contender and king of multiple hashing


Title: Re: Scrypt mining is dead
Post by: Joerii on March 24, 2014, 08:25:38 PM
scrypt is undoubtedly dead, but not because of asic(not yet at least) but because of market dilution due to shitclones spammed every day

anyway anti asic coin are already there

100% premined coin are anti-mining

;D


Title: Re: Scrypt mining is dead
Post by: brokedummy on March 24, 2014, 08:25:59 PM
Hirocoin is a broken english dev instamine scam. I'm sure we will find better coins to support with asic resistant algorithms than this piece of shit. Keep looking.


Title: Re: Scrypt mining is dead
Post by: Warning__3 on March 24, 2014, 08:31:20 PM
X11 also makes Nvidia cards suck much less than they do with scrypt and scrypt-n, big win-win for me :P


Title: Re: Scrypt mining is dead
Post by: Cloudpost on March 24, 2014, 08:49:12 PM
Joerii, do you know that the coin was literally instamined? I tracked the launch, it was not good. If you have the block explorer, chech the early blocks, where did they all go cause ppl reported that there were some blocks mined when they joined. Diff retarget was designed to instamine like 15k blocks really fast. 5-6k blocks intamined in 1-2 hrs, rest 6-11k blocks in next ~5 hrs.


Title: Re: Scrypt mining is dead
Post by: anonuser777 on March 24, 2014, 08:53:22 PM
Right now the only other X11 coin is Darkcoin. Darkcoin is also excellent, check out their ANN. Darksend is very innovative. What Hirocoin purposefully avoided, however, is a shady association.

Privacy is not shady. How about you publish a ledger of all your bank accounts and credit card statements for all of us to see? Also, why not remove the curtains / blinds from your house, and leave the door open when you go for a shit in the public toilets.

EDIT: Joerii has retracted his statement. Seems like a decent guy.


Title: Re: Scrypt mining is dead
Post by: MaGNeT on March 24, 2014, 09:28:23 PM
( all the features are beyond the scope of this article, stay tuned for Hiro's paper on X11 )
A white paper from a guy who stole a bunch of features from darkcoin? Hilarious.

Steal? Since when is using/changing/improving "open source" stealing?
Litecoin "stole" features from Bitcoin?

Lol Hazard, I've seen you do better than this.


Title: Re: Scrypt mining is dead
Post by: Hazard on March 24, 2014, 09:46:26 PM
( all the features are beyond the scope of this article, stay tuned for Hiro's paper on X11 )
A white paper from a guy who stole a bunch of features from darkcoin? Hilarious.

Steal? Since when is using/changing/improving "open source" stealing?
Litecoin "stole" features from Bitcoin?

Lol Hazard, I've seen you do better than this.
No, Litecoin stole from Tenebrix. Anyway, take a look at part of hirocoin's sales pitch:

Quote

Fully Featured Development

Hirocoin has been carefully developed and has gone through a thorough check list to make sure that all required work has been completed before launch. Some of the key items are outlined below.

pchStartMessage - This is a unique set of numbers used to communicate between nodes. Often this is left the same as the original software leaving the nodes trying to connect other non-native networks.

ECDSA keys - These are the keys used to send out messages to the nodes on the network. Some may remember when numerous coins displayed notifications to upgrade to the latest version of Litecoin.

sendalert - This function allows us to send messages to the network in case of an emergency. This can only be used if you have the private key which is as likely to be guessed as a private key for an address, so never.

DNS Seed Node - This is used by nodes to find others on the network meaning that when you turn Hirocoin on it connects to he DNS Seed node to find other Hirocoin clients without any manual effort.

Unique Testnet Genesis Block - Unique genesis blocks have been created for the mainnet and testnet. It is possible to run a test network of Hirocoin without the need for any code modification.

URL Support - You can put Hirocoin links into your webpage, when users click on them Hirocoin will open with address, amount and label automatically populated.

QR Code - Hirocoin has built in QR code support so you can generate QR codes from within the software for use on websites, posters or where ever else you want to display them.

What "fully featured development" did they do? All these features exist in bitcoin core 0.8.6.2, and X11 is a rip from darkcoin.


Title: Re: Scrypt mining is dead
Post by: Amph on March 24, 2014, 09:55:00 PM
X11 also makes Nvidia cards suck much less than they do with scrypt and scrypt-n, big win-win for me :P

i thought there wasn't a cudaminer version for x11 yet?


Title: Re: Scrypt mining is dead
Post by: MaGNeT on March 24, 2014, 10:48:33 PM
X11 also makes Nvidia cards suck much less than they do with scrypt and scrypt-n, big win-win for me :P

i thought there wasn't a cudaminer version for x11 yet?

Hmm, wondering about that too.
I have a 560ti in my gaming PC, did some SETI with it.


Title: Re: Scrypt mining is dead
Post by: kelsey on March 24, 2014, 11:36:38 PM
I love your blog cryptolife.net, by the way. Are you going to write about the new algorithms ?
I think they're all silly. You can only avoid ASICs for so long. Remember back when litecoin was billed as GPU resistant? Meanwhile artforz was raking in the dough with his private gpu miner.

It's an inevitability unless you plan on hardforking once a year to a new algo.

or come up with better distribution models, face it POW has been gamed for a longtime.


Title: Re: Scrypt mining is dead
Post by: yourstruly on March 25, 2014, 02:58:09 AM
Hirocoin will be absorbed by blackcoin.


Title: Re: Scrypt mining is dead
Post by: dewdeded on March 25, 2014, 03:03:37 AM
Hirocoin will be absorbed by blackcoin.
What does this mean?


Title: Re: Scrypt mining is dead
Post by: dboylc on March 25, 2014, 03:14:30 AM
Hirocoin will be absorbed by blackcoin.
what a joke,
and do you mean BTC will be absorbed by blackcoin?


Title: Re: Scrypt mining is dead
Post by: Burninj on March 25, 2014, 03:26:17 AM
Blackcoin will be the black hole of all other alts... when they found a way to have a multi algo hashing pool.
Not just scrypt and sha...


Title: Re: Scrypt mining is dead
Post by: MarketMover_ok on March 25, 2014, 03:49:16 AM
As the Titans start to come online you will see a huge Jump in the value of Hiro. You are already starting to see small waves in some markets. I'm already on the train.


Title: Re: Scrypt mining is dead
Post by: zrunfeng on March 25, 2014, 03:55:59 AM
but how?


Title: Re: Scrypt mining is dead
Post by: Joerii on March 25, 2014, 06:44:31 AM
but how?

The hype is going to become so massive a singularity occurs. The singularity slowly pulls in every other coin and rips them apart at its event horizon. Not even light will escape... Soon Blackcoin will suck in the entire galaxy.

;D

Or it stops growing, some people take some profits, other people panic sell and it crashes like every other coin. Like I always does.

Hirocoin gives you the chance to get in on the ground floor, since it had "only" doubled since yesterday. But like always, boys and girls, only invest what you can afford to lose because it's gonna be a wild ride - at least until Hirocoin matures.


Title: Re: Scrypt mining is dead
Post by: Spoetnik on March 25, 2014, 07:34:01 AM
but how?

The hype is going to become so massive a singularity occurs. The singularity slowly pulls in every other coin and rips them apart at its event horizon. Not even light will escape... Soon Blackcoin will suck in the entire galaxy.

;D

Or it stops growing, some people take some profits, other people panic sell and it crashes like every other coin. Like I always does.

Hirocoin gives you the chance to get in on the ground floor, since it had "only" doubled since yesterday. But like always, boys and girls, only invest what you can afford to lose because it's gonna be a wild ride - at least until Hirocoin matures.

you need it the coin is bs.. you needed an excuse to put a coin out with a new innovative feature so you thought long and hard
and come up with the idea well i'll just tack on a few more algo's and call it a revolutionary NEW coin.
and after that tacked on some superficial useless crap...

one of many i would not accept if you gave them to me for free.

I am thinking more and more and more it's time for me to make a coin and steal your users :)

Anyway i guess you had a couple months of flash mining ala Quark style so now you your getting itchy to cash in your winnings for a Lambo
there for ya need to do some fancy hyp'ing..
Liek omgz IFC is goinna to b eteh greatest coin everz !!!1111ONE
Or call it Doge coin or  or or or or or or
all useless god damn gay garbage being spun and hyped by scammy idiots.
and i guarantee you if a new coin comes along that has REAL innovation you will shit your little pants and bee sitting their in your puddle of pee like a scared puppy
wondering where all your miners went.. and if you can't wait that long wait until mining profitability drops low enough ;)
But i am sure by then you will add one more algo and make a new coin with a new flashy icon eh ?
rinse mutha fuckin repeat...


Title: Re: Scrypt mining is dead
Post by: HiroS on March 25, 2014, 11:16:48 AM
Right now there is room for more X11 coins, the more there are, the more of a standard it becomes and we will see better tools and optimzed miners. DarkCoin has made decisions that makes it unique, but not necessarily a first choice for miners. It would be a shame if X11, which is excellent, simply became a one off solution. So to solidify X11 and to give miners choice I spent a good deal of thoroughly creating Hirocoin. The effort that has gone into Hirocoin to make it a proper release makes it stand out from the majority of coins that are released. So far X11 only has high quality coins to its name and I think that gives X11 an excellent start.

There is no point in releasing more Scrypt coins right now. The majority of Scrypt coins will be crushed when the Scrypt ASICs get turned on. We need work to find alternatives so that GPU miners can continue to do the good work that they do and properly distribute the hashing that runs the coin's network. So far there has been very good feedback from miners who have spent the time to mine Hirocoin which should not be ignored. X11 is change for the good and now is the time to look for change rather than embrace old habits.


Title: Re: Scrypt mining is dead
Post by: Standhaft on March 25, 2014, 12:50:53 PM
There is no point in releasing more Scrypt coins right now.

There is no point in releasing coins that do nothing different than other coins. Why the heck would you invest in someting that is basically the same like others just painted differently with a different number of coins? I never would. That's why I have DRK and not HIRO although I respect HIRO for their engagement in bringing X11 to the people.


Title: Re: Scrypt mining is dead
Post by: D05GTO on March 25, 2014, 01:03:34 PM
http://i.imgur.com/pLjE4sS.jpg

Small KNC Asic farm.

Hehe, I see a bunch of customer equipment waiting to be shipped.. Oh, they'll just test it for a bit first.


Title: Re: Scrypt mining is dead
Post by: crocko on March 25, 2014, 01:19:38 PM
http://i.imgur.com/pLjE4sS.jpg

Small KNC Asic farm.

I know that KNC offered hosting for the customers.
The picture is about this ?


Title: Re: Scrypt mining is dead
Post by: kaene on March 25, 2014, 02:20:30 PM
X11 also makes Nvidia cards suck much less than they do with scrypt and scrypt-n, big win-win for me :P

X11 ... nVidia ... where?


Title: Re: Scrypt mining is dead
Post by: Kevin Lou on March 25, 2014, 03:22:32 PM
Yes. I agree. Pos is the trend.


Title: Re: Scrypt mining is dead
Post by: Thusith on March 25, 2014, 03:26:54 PM
No. I disagree. Scrypt will live for at least 1 year. ;D ;D


Title: Re: Scrypt mining is dead
Post by: scottlilo on March 25, 2014, 04:13:58 PM
hmm. Talks of Nvidia miner for x11 algo?

Please give mee !

I'll never mine another scrypt coin again. The companies making these ASIC are already flooding the market. That's why every single Scrypt coin is down... Manufacturers mine the coin and sell off a good amount and then profit even more when selling the chip to customers... It's a pity.

That's why Drk coin has been relatively stable, miners must have GPU to mine the coin. So profitabilty is equal across the table..

If manufacturers have ASIC and we have GPU then for the next month the profitability of them dumping every coin they have will be off the charts.

That's Why I'm mining Hiro now and will not stop for quite a while.

I imagine when other miners realize the damaging effects of flooding markets with coins mined via ASIC, They will switch to other Algo's as well.

Fact is : Scrypt-N and scrypt-jane are better... But no where near as efficient as X11. Miners will enjoy the extra power savings, and savings on the air conditioing during the summer.



Title: Re: Scrypt mining is dead
Post by: Joerii on March 26, 2014, 07:51:04 AM
hmm. Talks of Nvidia miner for x11 algo?

Please give mee !

Does anybody know more about this ?


Title: Re: Scrypt mining is dead
Post by: HiroS on March 26, 2014, 10:34:22 AM
hmm. Talks of Nvidia miner for x11 algo?

Please give mee !

Does anybody know more about this ?

Good point. nVidia mining is getting a good look in now with their new architecture. I am happy to give anyone who can get a working Cuda miner for 20,000 Hirocoin in the next month.

By the way, I have to say, Scrypt mining is not dead, only that GPU Scrypt mining is soon to be over due to professional Scrypt miners. I wondered if people were really going to invest in them but the $2m pre-order for KNc alone is enough to prove it. Anyway, I'm sure this is what Joerii meant by the title  :P


Title: Re: Scrypt mining is dead
Post by: Joerii on March 26, 2014, 11:03:50 AM

By the way, I have to say, Scrypt mining is not dead, only that GPU Scrypt mining is soon to be over due to professional Scrypt miners. I wondered if people were really going to invest in them but the $2m pre-order for KNc alone is enough to prove it. Anyway, I'm sure this is what Joerii meant by the title  :P

I exaggerated to get more views, I must confess :) Nothing like a little provocation to get replies.


Title: Re: Scrypt mining is dead
Post by: binaryclock on March 26, 2014, 12:42:33 PM
Nscrypt will be fine.

More FUD please.


Title: Re: Scrypt mining is dead
Post by: El Dude on March 26, 2014, 01:04:37 PM
only strong scrypt coins will survive eg. Litecoin


Title: Re: Scrypt mining is dead
Post by: Fastpow on March 26, 2014, 05:29:15 PM
Loving Hirocoin atm. Especially awesome because i'm living in the Netherlands where it's 0,24/kwh


Title: Re: Scrypt mining is dead
Post by: Loreto on March 26, 2014, 05:54:43 PM
Looks interesting. You've got some nice ideas so I'll be watching this one.

But just a thought, Litecoin was originally supposed to be CPU mined only, yet someone managed to get GPU's working for it. Litecoin was also supposed to be ASIC resistant, but look whats happening now. Who's to say that won't happen for Hirocoin?
'cause no one need this coins, lol. This is the best ASIC resist ever.


Title: Re: Scrypt mining is dead
Post by: stokecrypto on March 26, 2014, 06:20:23 PM
DARKCOIN is the coin to mine not HIRO.

scrypt coins like litecoin will just be the same as SHA coins, big asic farms, stuck with old technology. people buying asic now will never make a return

gpu miners get the future technology, the better algorithms.

anyone still mining scrypt on gpu is mad,

to mine darkcoin and have cooler gpu and make 60% extra profit due to less electric overheads is a win win.


Title: Re: Scrypt mining is dead
Post by: ymer on March 26, 2014, 06:27:30 PM
DARKCOIN is the coin to mine not HIRO.

scrypt coins like litecoin will just be the same as SHA coins, big asic farms, stuck with old technology. people buying asic now will never make a return

gpu miners get the future technology, the better algorithms.

anyone still mining scrypt on gpu is mad,

to mine darkcoin and have cooler gpu and make 60% extra profit due to less electric overheads is a win win.

+1

Hiro is a pathetic instamine pump and dump

Darkcoin FTW


Title: Re: Scrypt mining is dead
Post by: Joerii on March 26, 2014, 07:55:49 PM
DARKCOIN is the coin to mine not HIRO.

scrypt coins like litecoin will just be the same as SHA coins, big asic farms, stuck with old technology. people buying asic now will never make a return

gpu miners get the future technology, the better algorithms.

anyone still mining scrypt on gpu is mad,

to mine darkcoin and have cooler gpu and make 60% extra profit due to less electric overheads is a win win.

Actually they both use X11 and are both excellent coins with long term potential.


Title: Re: Scrypt mining is dead
Post by: crazyivan on March 27, 2014, 08:09:35 AM
Well this looks nice but the main problem is that none of these new algorithms has got at one place GPU mining settings. I have 5 different models of cards in my rigs, Asus 280x, Asus 270x, Sapphire 7970, Sapphire 280x Dual X and Gigabyte 280x. Setting up each of these rigs separately and tuning them up for X11, scrpyt N, scrpyt J etc. is the main reason why I have not tried any of these. Do you plan any kind of help regarding this issue?


Title: Re: Scrypt mining is dead
Post by: Nxtblg on March 27, 2014, 09:38:46 AM
Anyway, take a look at part of hirocoin's sales pitch:

Quote

Fully Featured Development...

URL Support - You can put Hirocoin links into your webpage, when users click on them Hirocoin will open with address, amount and label automatically populated.

What "fully featured development" did they do? All these features exist in bitcoin core 0.8.6.2, and X11 is a rip from darkcoin.

Is there documentation for the URL support feature somewhere? Thanks.


Title: Re: Scrypt mining is dead
Post by: MaGNeT on March 27, 2014, 05:47:52 PM
Well this looks nice but the main problem is that none of these new algorithms has got at one place GPU mining settings. I have 5 different models of cards in my rigs, Asus 280x, Asus 270x, Sapphire 7970, Sapphire 280x Dual X and Gigabyte 280x. Setting up each of these rigs separately and tuning them up for X11, scrpyt N, scrpyt J etc. is the main reason why I have not tried any of these. Do you plan any kind of help regarding this issue?

Tuning for X11 was easy.
I use "sgminer -k darkcoin" with exactly the same parameters as scrypt and my HD5870's, HD7950's, R9 290's and R9 290x cards run just fine. Found out they need less power and less cooling, so lowered the fanspeed a bit.


Title: Re: Scrypt mining is dead
Post by: peteycamey on March 27, 2014, 05:52:25 PM
Quote
Scrypt mining is dead

for gpu owners yes

for asic owners no


Title: Re: Scrypt mining is dead
Post by: MaGNeT on March 27, 2014, 05:54:10 PM
Joerii, I have to admit you are right. Scrypt mining will be dead in just a few months.

KNC just announced their Titan Scrypt ASIC will hash at 250Mhash/s instead of the promised 100Mhash/s.  :o

I ordered one for fun a few days ago, imagine what it would do with a small Scrypt coin that hasn't got a diff algo like KGW implemented? Instant death...

For Scrypt coins, there's only one conclusion: GPU mining is over.

Imagine: 250Mhash/s at 800-2000 Watt (isn't sure yet)...

That's the power of 600x HD5870 cards, 350 HD7970 or 275x R9 290X cards in a small box.


Title: Re: Scrypt mining is dead
Post by: PeaMine on March 28, 2014, 07:09:20 AM
I'm sick as a GPU owner, but isn't this around the time Bitcoin 10x in price?
More big money investments = higher coin value.
Maybe LTC will be hitting triple digits?


Title: Re: Scrypt mining is dead
Post by: MaGNeT on March 28, 2014, 08:08:27 PM
This is what will happen when the market is flooded with scrypt ASIC's.
It's the reason why algo's like X11 will be sole survivors in just a few months from now:

http://cnc.blocksolved.com/index.php?page=statistics&action=pool

http://picadump.com/pictures/bitcoin/chn.png

http://picadump.com/pictures/bitcoin/blitz.png


Title: Re: Scrypt mining is dead
Post by: kalus on March 28, 2014, 09:21:00 PM
This is what will happen when the market is flooded with scrypt ASIC's.
It's the reason why algo's like X11 will be sole survivors in just a few months from now:

I was experimenting with alternate algorithms for a couple of weeks, but ultimately i gave up.

x11 et al. are far more fascinating to miners than to users of cryptocurrency.    having scrypt N is no reason for the coin to be intrinsically worth more.  to the end user, it makes no difference whether e.g. dogecoin is scrypt, scrypt + digishield, scryptn, or x11.  it's just a coin.  miners make more noise about alternate algorithms, but nobody has justified a higher value over plain scrypt coins. 

a few other posters, including Markm, have pointed out the expense of securing a blockchain, and how ephemeral GPU miners are.  it is the ASICS that will protect a coin based on a blockchain, not energy hog GPU mining operations. if a coin developer specifically intends to thwart the supposed threat of asics they are excluding the most efficient way to protect their coin's blockchain.  I think the long term prospects would be dire. 


Title: Re: Scrypt mining is dead
Post by: vrm86 on March 28, 2014, 10:19:04 PM
This is what will happen when the market is flooded with scrypt ASIC's.
It's the reason why algo's like X11 will be sole survivors in just a few months from now:

I was experimenting with alternate algorithms for a couple of weeks, but ultimately i gave up.

x11 et al. are far more fascinating to miners than to users of cryptocurrency.    having scrypt N is no reason for the coin to be intrinsically worth more.  to the end user, it makes no difference whether e.g. dogecoin is scrypt, scrypt + digishield, scryptn, or x11.  it's just a coin.  miners make more noise about alternate algorithms, but nobody has justified a higher value over plain scrypt coins. 

a few other posters, including Markm, have pointed out the expense of securing a blockchain, and how ephemeral GPU miners are.  it is the ASICS that will protect a coin based on a blockchain, not energy hog GPU mining operations. if a coin developer specifically intends to thwart the supposed threat of asics they are excluding the most efficient way to protect their coin's blockchain.  I think the long term prospects would be dire. 


I don't think, that enormous instant grow in scrypt coins supply would help with anything. Most of the ASICs owners will be looking for ROI at all costs, as it's not assured that scrypt mining business will last long enough. Things are changing much more faster than 2-3 years ago.


Title: Re: Scrypt mining is dead
Post by: TrollboxChamp on March 28, 2014, 10:21:10 PM
So youre renting rigs to power mine this coin? Everyone dump their stash!  ;)


Title: Re: Scrypt mining is dead
Post by: a20756079 on March 28, 2014, 11:50:25 PM
从谁偷了一堆的功能从darkcoin一个人的白皮书?


Title: Re: Scrypt mining is dead
Post by: kalus on March 29, 2014, 12:08:37 AM
Most of the ASICs owners will be looking for ROI at all costs, as it's not assured that scrypt mining business will last long enough. Things are changing much more faster than 2-3 years ago.
if we look at bitcoin's trajectory, there is an expansion of mining activity from asics.

asics are specialised equipment, and the people that buy those are dedicated miners.  I still see first generation sha asics being used in people's 'post your rig' threads, and bitcoin asics were an order of magnitude better than these scrypt versions. 

As markm also pointed out, most people mining on gpus on e.g. dogecoin are ephemeral miners that will move from meme to meme.  GPU/CPU mining doesn't provide the stable baseline hashrate a datacentre of asics would. 

I don't think, that enormous instant grow in scrypt coins supply would help with anything.
New incoming asics will help already established coins like litecoin.  litecoin is currently vulnerable to attack, despite it being worth $300,000,000.  when doge started rising in profitability, it outran litecoin's network hashrate.  by deploying a number of asic miners to secure the litecoin blockchain we would have a scrypt coin worth holding and secured by its hashrate. 

most other coins will be even more vulnerable than they are now, and asics will kill two birds with one stone by reducing the incentive to clone coins while also securing the surviving currencies. 


Title: Re: Scrypt mining is dead
Post by: godwits on March 29, 2014, 05:40:19 AM
imagine amd and intel decided to make asic chips for mining? lmao! just saying


Title: Re: Scrypt mining is dead
Post by: startcoin568 on March 29, 2014, 05:43:39 AM
 I tracked the launch, it was not good. If you have the block explorer, chech the early blocks, where did they all go cause ppl reported that there were some blocks mined when they joined. Diff retarget was designed to instamine like 15k blocks really fast. 5-6k blocks intamined in 1-2 hrs, rest 6-11k blocks in next ~5 hrs.


Title: Re: Scrypt mining is dead
Post by: Coinmin on March 29, 2014, 05:56:18 AM
scrypt is undoubtedly dead, but not because of asic(not yet at least) but because of market dilution due to shitclones spammed every day

anyway anti asic coin are already there

100% premined coin are anti-mining

Yes. And these coins more and more. So, GPU Mining will develop their own way, apart from the ASICs.


Title: Re: Scrypt mining is dead
Post by: neflihim on March 29, 2014, 06:38:22 AM
从谁偷了一堆的功能从darkcoin一个人的白皮书?

What he said. 


Title: Re: Scrypt mining is dead
Post by: InsertUsernameHere on March 29, 2014, 07:42:14 AM
When are the ETA's on these Scrypt ASIC's?


Title: Re: Scrypt mining is dead
Post by: BohemianStalker on March 29, 2014, 07:55:57 AM
There are none and it is all just one big speculation based on few pictures.


Title: Re: Scrypt mining is dead
Post by: Severaz on March 29, 2014, 07:11:18 PM
gridseed scrypt asics have been out for a while theres just bigger better ones on the way


Title: Re: Scrypt mining is dead
Post by: cryptohunter on March 29, 2014, 07:29:41 PM
i see talk on nearly every coin thread of going x11, qrk, heavycoin algo.....  new scrypt coin releases will be gone long before scrypt asics get here.

they will about as popular as sha256 releases now.

Come to think of it all new coins getting released now have about 20% of the excitement of a month ago..... soon all new coin releases regardless of algo will be mostly ignored by everyone except the very latest noobs that are just dribbling in now rather than pooring.

The 3rd wave is over ... doge was the big hit of that wave..... a few others will rise perhaps black,drk and a couple more.

If the coin is not ground breaking now.... it is practically dead before it gets off the ground.

I Wonder what will trigger wave 4 and when it will happen.....  perhaps when btc hits 5k

Using this title to draw people to shill hiro coin the drk coin fork is a bit naff

This coin was a ninja launch that was super instamined.  The dev seems to know some shit but he knew what he was doing when he ninja launched this coin at 7am euro zone time on a saturday morning.... majority of the US and Europe were sleeping and he had plenty of time with his pals to super instamine this coin.  It has warnings all over it.

Why not start a real thread discussing scrypt mining is dead or not... not bumping hiro coin

https://bitcointalk.org/index.php?topic=548612.0



Title: Re: Scrypt mining is dead
Post by: Joerii on March 30, 2014, 10:55:48 AM

I Wonder what will trigger wave 4 and when it will happen.....  perhaps when btc hits 5k


I think before that. A new "wave" comes ion everytime BTC spikes upwards. It's been quit for a while, and even with all the bad news, Bitcoin is holding quite steadily. A few big, positive newstories and BTC will explod again, next time it will likely pass the 2k mark.

That will draw in a huge new crowd into the altcoin scene. And guess which coins they will mine ? Certainly not Scrypt, because newbies won't have ASICS.


Title: Re: Scrypt mining is dead
Post by: markm on March 30, 2014, 01:05:19 PM
It does not matter what coins a bunch of kids with GPUs in their mother's basements mine, what is important to investors and to any sane rational person using a financial system, payment system etc is whether the thing is secure.

Enough kids with enough GPUs might be fine using their GPUs to secure a pocketmoney coin to buy marbles and bubblegum and maybe even pop or, if mom and dad don't mind the risk to the lunch money, even lunch. But for real world serious finances something secure is needed.

Ten thousand or even a hundred thousand or few hundred thousand 4chan weenies hardly seems a more secure distribution of hashing power for securing a financial network than even just one world class massive super-datacentre mining operation per sovereign nation, let alone umpteen different major corporations in umpteen sovereign nations plus gosh knows how many serious businesses running mining operations of their own to provide their customers with preferential ability to get their transactions into blocks and so on and so forth.

-MarkM-


Title: Re: Scrypt mining is dead
Post by: Spoetnik on March 30, 2014, 04:43:47 PM
4chan weenies lol ..led by their king, The grand Reddiot in the news now proclaiming Doge coin is great few days back ahaha
But seriously though you made a razor sharp point.. well said !
And i am not sure i like how it all actually works but i like seeing things as they are.. and not deluding myself with bs.

anyway i just wanted to say it agitates me people are always comparing BTC asics to Scrypt asics..
we need to be cautious making predictions i think because BTC was and is a new coin.. it was pretty much the first. sort of anyway lol
so we can't assume what has happened with the first coin that went to a grand + is going to happen to the next and maybe all others..
it seems to me a huge leap is made with assumptions combined with comparing Apples to Oranges.. think about it.