How many people mine Bitcoin with GPUs currently?

They are putting out an asic miner that is cheaper than building a GPU rig. 5mh/s for $2,000 vs 2x 2.5mh/s rigs for $3,000
Also they claim the 5mh/s scrypt asic only consumes 100w vs 5mh/s GPU miner consuming 1200-1300w.

We have been down this road with bitcoin asics. History is repeating itself except there isn't a big GPU only coin to fall back to when all the scrypt coins are not profitable to mine with GPUs anymore.

If anyone has any suggestions while I'm under the hood now is the time to let me know. lol

So changing the port broke blockchain compatibility. Not hard to fix, even if I have to generate a new genesis block.
It just might take me a few hours instead of 10 minutes.  

First I'm removing checkpoints, if that doesn't work I will just delete the old blockchain and start it over.
And again if that doesn't work I will go back and create a new genesis block.

I'm a troubleshooting master.

Ok well, looks like I will have to change it. How about 24242

I will have to upload new source/binaries as the old ones will no longer work when I'm done. But we wont see any port conflicts.

Currently compiling/testing, I will upload the new source/binaries with a different password when I'm done so there wont be anyone using the wrong client.

That is what it is set at and the network works. I'm guessing your router doesnt go that high for forwarded ports?

What im reading online says that "you should only use up to 49151, as from 49152 up to 65535 are reserved for Ephemeral ports"

So I might have to change it. lol

It will start with low difficulty but with no block reward for the first 240 blocks so that the difficulty can ramp up before the blocks start giving a reward.

I may change the first 240 blocks back to 0.000001 so that you know everything is set up properly when mining.

I also want let you guys know that the first SUPERBLOCK is block 420. I would have made the first one 42 but that is a low/0 reward block.

So with the future release of Alpha Technologies Scrypt Asics, GPU mining is going to be going the way of the Dodo.

Who has an exit plan in place to liquidate their GPU miners and either invest in BTC or buy Scrypt Asics?

The scrypt asics are not scheduled to be shipped until the 2nd or 3rd quarter of 2014. If they are anything like BFL we wont see a scrypt asic for atleast a year. If anyone here has learned anything from BFL, do not preorder the device by paying Bitcoins as you would make more just sitting on the bitcoins and waiting on the price to go up.

I'm interested in seeing how the scrypt asics will play out on some of the scrypt altcoins.

Only the ones who don't think outside of the box.
https://bitcointalk.org/index.php?topic=399658.0


Which is really good.
This means you will have to have some sort of innovation with your coin or it wont even get noticed.

This is how we evolve the crypto scene.

Btw, I like your logo. ^^

To prevent forking with the initial rush I mined 35 blocks and set checkpoints. This should help with orphans.

I also extended the 0 block reward to 240 blocks to help make up for the 35 checkpoint blocks and give the network a little more time to cool before the block rewards start.

You can try to guess the password but its highly unlikely that you will guess it.

I may have used multiple words, numbers, and characters. Its caps sensitive too, so GL with that.

I have already been contacted by one pool owner who said he will put a pool up.

I just added links for the windows Qt and the source. They are both in password protected Rars.

I will release the password at launch.

I'm not putting the windows wallet up until launch. I may put out a password protected rar with it inside before launch and then give the password at launch tho.

Currently setting checkpoints.

Its not a live timer, please refresh the page.


I changed it to 0 block reward for the first 120 blocks and then 0.000042 coins for every block thereafter.
The coin supply will last for a year with no block halving.
So the block reward is
0.00004200
Tx fees
0.00000001

Which means tx fee is about 0.095% of a whole block

To put that in perspective, B4 it was changed, Litecoins tx fee was 0.04% of the block reward.

So yea it is a little high, but there will be no more block reward after a year so high Tx fees are a must to keep the network going.

I have been contacted by one person already about opening a pool.

It would be nice if there were multiple pools at launch. If anyone reading this has the ability to set up a pool please contact me.