Bitcoin Forum
October 25, 2020, 04:38:57 AM *
News: Latest Bitcoin Core release: 0.20.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Bitcoin ASICs - Litecoin mining capable?  (Read 480 times)
Mikej0h
Member
**
Offline Offline

Activity: 117
Merit: 100

Life is short, play long


View Profile
December 11, 2012, 01:09:29 PM
 #1

Hi to all,

I'm one of the (hopefully) happy future owners of an ASIC, and are checking my (future) possiblities if the difficulty exponentially grows and rewards drop for Bitcoin Mining.

Mining software that will be used is cgminer or bfgminer.
Will a "Bitcoin ASIC" be able to mine for Litecoins too?

From the general perspective it looks like LTC is setup the same as the BTC architechture, however I'm not that deep into it.
Who can enlighten me?

- Mike
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1603600737
Hero Member
*
Offline Offline

Posts: 1603600737

View Profile Personal Message (Offline)

Ignore
1603600737
Reply with quote  #2

1603600737
Report to moderator
1603600737
Hero Member
*
Offline Offline

Posts: 1603600737

View Profile Personal Message (Offline)

Ignore
1603600737
Reply with quote  #2

1603600737
Report to moderator
greyhawk
Hero Member
*****
Offline Offline

Activity: 924
Merit: 1000


View Profile
December 11, 2012, 01:13:03 PM
 #2

No. Bitcoin uses SHA2-256 as proof of work, Litecoin uses Scrypt. ASICs currently in development can do one thing and one thing only: hash SHA2-256
Mikej0h
Member
**
Offline Offline

Activity: 117
Merit: 100

Life is short, play long


View Profile
December 11, 2012, 01:17:49 PM
 #3

No. Bitcoin uses SHA2-256 as proof of work, Litecoin uses Scrypt. ASICs currently in development can do one thing and one thing only: hash SHA2-256

Thanks for the straight and clear answer.
Pity though... ;-)
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!