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Title: What are the disadvantage and advantage? Post by: BTC-TMXSTAR on December 02, 2014, 11:08:42 PM Hi forumers!
What are Scrypt mining? i found many coins like Doge,Lite,Onecoin,Dark,feather and more... What are the advantage of Scrypt mining than Bitcoin mining? Sorry for my BAD English :( Thanks advance and God Bless!!!!! Title: Re: What are the disadvantage and advantage? Post by: hexafraction on December 02, 2014, 11:37:20 PM Scrypt and SHA are two distinct mathematical (cryptographic) puzzles that a miner would try to solve. They require either a different program on a computer, or a different chip on an ASIC.
Scrypt used to be ASIC-resistant as only computer programs and no ASICs existed for it, but at this point, ASICs have been created for it, so that benefit has been lost. There are still algorithms out there such as NIST5, x11, x13 (IIRC) that do not have ASIC implementations and so are a bit "easier" to mine on a CPU/GPU. Title: Re: What are the disadvantage and advantage? Post by: nwfella on December 02, 2014, 11:58:36 PM Hi forumers! Scrypt MiningWhat are Scrypt mining? i found many coins like Doge,Lite,Onecoin,Dark,feather and more... What are the advantage of Scrypt mining than Bitcoin mining? Sorry for my BAD English :( Thanks advance and God Bless!!!!! --------------- Disadvantages: 1.) Avg. cost per hash is much more expensive for scrypt-asic devices. 2.) Lower hash rates by volume, and electricity used per hash. 3.) Lousy resell value Advantages: 1.) Ability to mine any Scrypt-based coin (ltc, doge, etc.) Bitcoin (sha-256) mining ---------------------------- Disadvantages: 1.) Horrendous resell value 2.) Higher hash rate vs scrypt by volume, and electricity used per hash 3.) Much higher difficulty on bitcoin network (fewer coins per GH) Advantages: 1.) Ability to mine bitcoin 2.) Higher hash rates by volume, and electricity consumed per hash Title: Re: What are the disadvantage and advantage? Post by: notlist3d on December 03, 2014, 12:26:14 AM For someone new bitcoin is easier to mine. Easier to do a lot of the calculations.
Scrypt offers far more coins, but I would say is more difficult. It is not quite as set it and forget as bitcoin mining. Title: Re: What are the disadvantage and advantage? Post by: hexafraction on December 03, 2014, 12:38:45 AM 2.) Lower hash rates by volume, and electricity used per hash. Not necessarily a disadvantage; if all scrypt miners have lower hashrate per unit cost, then it means that difficulty would be somewhat lower as well. Title: Re: What are the disadvantage and advantage? Post by: Soappa on December 03, 2014, 02:36:23 AM AFAIK, those developed LTC chose to use scrypt algo because it is memory-intensive and was GPU-resistant at the time GPU was used in bitcoin mining. Of course nowadays, ASICs are the norm for mining coins of sha256 and scrypt algo.
Title: Re: What are the disadvantage and advantage? Post by: MaxDZ8 on December 03, 2014, 06:04:54 PM What are the advantage of Scrypt mining than Bitcoin mining? None!In the beginning, Scrypt was designed to be CPU-only or CPU-mostly. When it comes to cryptocurrency, it promised to be resistant to ASIC and therefore to stay distributed and minable by everyone. Because scrypt is so much more complex, it took them a while, but in the end ASICs emerged and wiped the floor with everyone else. Nowadays, SHA and Scrypt are basically the same thing as far as you are concerned: you cannot mine them effectively with your computer. |