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Alternate cryptocurrencies / Altcoin Discussion / Re: [LTC] Changing the litecoin Proof of Work function to avoid ASIC mining?
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on: January 16, 2014, 08:14:20 PM
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High hashing power does not imply secure network necessarily. And ASICs are especially risky since only few guys can obtain them, and they give you a lot of advantage with respect the rest of the miners therefore, it's way more easy for a guy with cash to 51% attack it.
Also, if ASICs become the norm, I'm out of LTC because like many folks have said, Bitcoins was meant to be obtained by just running the CPU in your home, and that's a key factor for cryptos to become succesfull.
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Alternate cryptocurrencies / Altcoin Discussion / Re: 19-21 mb/s Scrypt ring worth of it ?
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on: January 06, 2014, 03:44:03 PM
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Hello,
If you want to mine only Scrypt coins, since you don't need 4 PCI-E 16x ports and you can mine effectively with a PCI 1x port with PCI risers and also CPU "power" is not need for Scrypt mining(Almost totally not needed, you should be fine with a dual core amd), you do better:
-Buying a cheaper motherboard with a cheaper processor. -Not buy a case otherwise your cards will run too hot. Better design a custom solution. -Get all your r9 280x to 750 KH/s they are totally capable of doing that, undervolt the core and memory and instead of powercolor or VTX3D, buy Sapphire or ASUS.I personally prefer Sapphire. I haven't had any problems with with my 3 Sapphire r9 280x. -Get a cheaper PSU, for 4 undervolted r9 280x a 1475w PSU is way too much.
I think GDDR6 will not mean a significant increase in KH/s because my 7950 runs better with 1080 MHz at core/ 1250 at memory . If I increase the MHz at memory the KH/s will decrease. So, it's better to stay in a certain ratio between the core and memory speed.
Finally, invest in GPU to get cryptos may be one of the safest way to get them because you can sell your hardware or find a another purpose for it.
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Other / Beginners & Help / Re: New to Virtual Currency
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on: December 29, 2013, 04:01:31 PM
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Buy low and sell high is sort of a gamble therefore, you might lose or win regardless how good you are at it. Instead, If you believe in the future of Cryptos (As I do) you will get rich just holding without exposing to any risks.
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Other / Beginners & Help / Re: Alt-Coins
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on: December 29, 2013, 03:50:57 PM
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Bitcoin is an "altcoin", if you think about it carefully and someday we will find another altcoin much better. Evolution.
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