cbad (OP)
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April 07, 2013, 02:27:31 AM |
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Given all the ASICs coming on board over the last few months, building a GPU miner for BTC seems like a hard sell given the difficulty and hashrate of the network. But is there still opportunity in GPU mining LTC since there isn't an ASIC-effect yet? Are there any good calculators to determine profit for LTC?
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ltcdice
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April 07, 2013, 05:47:48 AM |
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dan99
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April 07, 2013, 05:58:46 AM |
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Hey, You have some great information on the comparisons between all the crytocoins on the degree of difficulty, does this account for ASIC bitcoin hardware? do you know any hardware that is faster than the reaper for mining litecoin.?
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ltcdice
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April 07, 2013, 06:07:48 AM |
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balistick
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April 07, 2013, 07:02:04 AM |
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Thank you ! I was searching for a web calculator with a difficulty setting
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Tekkna
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April 07, 2013, 07:07:22 AM |
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Wait, terracoin et al. are using SHA256? Does this mean you can mine them with ASICS?
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ltcdice
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April 07, 2013, 07:31:07 AM |
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Correct. And recently someone put an ASIC on TRC causing difficulty to jump so high, so that when they have pulled it, the network stalled producing confirmation blocks every few hours...
TRC will be highly susceptible to ASICs and large miners until it's mining network grows at least past few gigahashes.
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dragon2nd
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April 07, 2013, 05:35:17 PM |
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Given all the ASICs coming on board over the last few months, building a GPU miner for BTC seems like a hard sell given the difficulty and hashrate of the network. But is there still opportunity in GPU mining LTC since there isn't an ASIC-effect yet? Are there any good calculators to determine profit for LTC?
http://www.litecoinpool.org/calcASIC for LTC will not appear unless LTC becomes as successful as BTC.
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thesnoo23
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April 07, 2013, 05:54:15 PM |
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Given all the ASICs coming on board over the last few months, building a GPU miner for BTC seems like a hard sell given the difficulty and hashrate of the network. But is there still opportunity in GPU mining LTC since there isn't an ASIC-effect yet? Are there any good calculators to determine profit for LTC?
http://www.litecoinpool.org/calcASIC for LTC will not appear unless LTC becomes as successful as BTC. LTC ASIC's will appear when it becomes profitable for someone to design, manufacture, and sell an LTC ASIC
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josh4580
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April 07, 2013, 06:27:29 PM |
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Given all the ASICs coming on board over the last few months, building a GPU miner for BTC seems like a hard sell given the difficulty and hashrate of the network. But is there still opportunity in GPU mining LTC since there isn't an ASIC-effect yet? Are there any good calculators to determine profit for LTC?
http://www.litecoinpool.org/calcASIC for LTC will not appear unless LTC becomes as successful as BTC. LTC ASIC's will appear when it becomes profitable for someone to design, manufacture, and sell an LTC ASIC test
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sagiko
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April 07, 2013, 06:41:21 PM |
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Yes, ASIC will arrive in LTC once BTC's demand is met..
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cbad (OP)
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April 07, 2013, 08:08:46 PM |
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LTC ASIC's will appear when it becomes profitable for someone to design, manufacture, and sell an LTC ASIC I agree with both - one leads to the other. I think only a critical failure of BTC will stop the ASICs from coming out. Yes, ASIC will arrive in LTC once BTC's demand is met..
What demand are you speaking of specifically? The demand for ASICs miners? The public's demand for BTC? All of the above?
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Pythonideus
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April 07, 2013, 08:17:54 PM |
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I thought ASIC's were just a scam?
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Behemot
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April 07, 2013, 08:22:12 PM |
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Been watching the situation lately a bit, according to some LTC calculators (and according to a while in LTC pool with three K10 CPU cores @3,5 GHz despite all the DDoS) LTC may give me a bit more than BTC (mining in slush's pool ATM). Not mentioning the price volatility in BTC when the big ASIC batches hit the public in the mid of this month.
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Neried
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April 07, 2013, 08:25:49 PM |
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I thought ASIC's were just a scam?
They're not a scam, they'll work quite excellently once they are produced. The only question now is whether the companies that have sold preorders and promised to deliver ASICs will actually do it. That's where the scam comes in.
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Behemot
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April 07, 2013, 08:30:24 PM |
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First 300pcs of AVALON should be there for several months already, second batch with 600 pcs should come on april 15th IIRC. What about BFL, who knows, they delay it constantly, latest report states something about mid of april as well, so my personal estimae is end of april And it also seems their first batch has some higher-than-specified power consumption issues. So ppl will either take them right away and make less because of electricity bills, or take then later when they fix it and get fraction because of later network hashrate and difficulty.
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gchil0
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April 08, 2013, 12:22:29 AM |
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ASICs will definitely change the game when they appear in quantity. They are just a few months behind.
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