nesic1
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April 18, 2013, 11:58:23 AM |
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Asic for ltc will be made if price go up and design/build asic can make some income
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Balthazar
Legendary
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Activity: 3108
Merit: 1359
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April 18, 2013, 12:22:03 PM |
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It's not even ASIC hostile. You seem to be under the impression that ASICs are somehow incompatible or inefficient with Scrypt.
It seems that you haven't read my post before commenting it. I'm talking only about ideology, not technic details. It's obvious that it's impossible to develop a real ASIC-proof algo, and this guy said more than enough about this: https://en.wikipedia.org/wiki/Alan_TuringScrypt coins are asic-hostile systems due to ideological reasons. That's all that we can say.
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xorxor (OP)
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April 18, 2013, 01:23:23 PM Last edit: April 18, 2013, 01:34:55 PM by xorxor |
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It's not even ASIC hostile. You seem to be under the impression that ASICs are somehow incompatible or inefficient with Scrypt.
It seems that you haven't read my post before commenting it. I'm talking only about ideology, not technic details. It's obvious that it's impossible to develop a real ASIC-proof algo, and this guy said more than enough about this: https://en.wikipedia.org/wiki/Alan_TuringScrypt coins are asic-hostile systems due to ideological reasons. That's all that we can say. changing to "asic-hostile" to satisfy Peleus pedantism. but I still think its asic-proof , simply because there are asics on the loose, and they are messing badly with sha256 altcoins, where scrypt altcoins are safe and smooth. what I mean is not "impossible to design ASIC for" but "current ASIC cant touch it, and there are even no FPGA's , that suggest designing an ASIC requires much bigger market cap than bitcoin had." but understand me, there is no place for such long descriptions, I need one-liners. Thank you Peleus and Balthazar for constructive input. that is what we need to keep this list a fair one. every time I change something to someone else input makes this list better, even if it is not a better description, simply because its more community based. thats why I's so gratefull for your interest in it guys!
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fuck deeponion, fuck bitcoincash, all glory to one BITCOIN
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roy7
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April 18, 2013, 01:50:20 PM |
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There are simply faster hashes and slower hashes. It will effect the number of hashes per second, but since mining is always based off the proprtion of hash power you have rather than the absolute number of hashes its completely irrelevant.
The ram required for scrypt is what makes it asic-resistant. Time will tell if someone ever eventually builds one. But it isn't as easy as for sha256 coins.
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astor
Newbie
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April 18, 2013, 05:37:25 PM |
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Just to give some context. What scrypt tries to do is to implement a sequential memory-hard function. The definition is: a) can be computed by a memory-hard algorithm on a Random Access Machine in T(n) operations; and b) cannot be computed on a Parallel Random Access Machine with S'(n) processors and S'(n) space in expected time T'(n) where S'(n)*T'(n) = O(T(n)^(2-x)) for any x>0. where a memory-hard algorithm has the following properties: A memory-hard algorithm on a Random Access Machine is an algorithm which uses S(n) space and T(n) operations, where S(n) ∈ Ω(T(n)^(1-eps)) From www.tarsnap.com/scrypt/scrypt.pdf
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BIGMERVE
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April 18, 2013, 05:49:13 PM |
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You should put the approximate market caps in the OP.
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astor
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Activity: 39
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April 18, 2013, 06:05:04 PM |
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It's not even ASIC hostile. You seem to be under the impression that ASICs are somehow incompatible or inefficient with Scrypt.
It seems that you haven't read my post before commenting it. I'm talking only about ideology, not technic details. It's obvious that it's impossible to develop a real ASIC-proof algo, and this guy said more than enough about this: https://en.wikipedia.org/wiki/Alan_TuringScrypt coins are asic-hostile systems due to ideological reasons. That's all that we can say. The more general version of "asic-hostile" is minimizing barrier to entry in a market. Minimizing the barrier to entry is a very good idea, because it increases competition. If competition is important for the safety of the network, using a problem with the lowest barrier to entry is the best choice. Low barrier to entry can be translated to "no need to invest in asics or any specialized equipment".
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xorxor (OP)
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April 18, 2013, 06:48:02 PM |
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You should put the approximate market caps in the OP.
show me the code to put dynamic data from dustcoin.com in there, and consider it done. market cap changes 20 - 200% a day so manual update is out of a question.
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fuck deeponion, fuck bitcoincash, all glory to one BITCOIN
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Balthazar
Legendary
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Merit: 1359
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April 18, 2013, 06:58:49 PM |
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It's quite simple, you can use php & imagick to generate dynamic image in [ img ][ /img ] tags.
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roy7
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April 19, 2013, 04:09:37 AM |
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It'd be great if dustcoin would provide a little api.
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graghav2010
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April 19, 2013, 02:49:14 PM |
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Awesome thanks
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mr_random
Legendary
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Activity: 1344
Merit: 1001
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April 20, 2013, 01:47:14 PM |
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hey xoror I checked with the feathercoin dev and he said feathercoin isn't 4 times faster than litecoin, it's just 4 times the coin cap. Would you mind updating your original post? He said here would contact you asking to correct the text in your topic: https://bitcointalk.org/index.php?topic=178286.msg1887033#msg1887033I'm not anti-feathercoin btw I am buying them up. But I would have bought a lot more if I had thought they were 4 times faster than Litecoin, which apparently they are not.
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xorxor (OP)
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April 20, 2013, 08:23:38 PM |
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it was like that at start, but somebody wanted me to add that it is also 4 times faster. reverted to my original description.
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fuck deeponion, fuck bitcoincash, all glory to one BITCOIN
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easycoins
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April 20, 2013, 08:57:56 PM |
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Nice guide!!!
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xorxor (OP)
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April 22, 2013, 04:20:34 PM |
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the feathercoin hype is going crazy, hashrate and price is through the roof.
I just changed description to:
-FC FeatherCoin- LTC clone with 4x more coins. welcomed by community with big hashrate and superb reception.
It shoud be done 1 day ago, but I was selling FC's so I felt that would be abuse of my privilege to edit the list. I do not want it to be a base for a speculation, so I waited with update untill i'm soldout , not to boost price.
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fuck deeponion, fuck bitcoincash, all glory to one BITCOIN
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mr_random
Legendary
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Activity: 1344
Merit: 1001
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April 22, 2013, 07:30:56 PM |
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xoror, do you know where I can see the Feathercoin hashrate?
Cheers.
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xorxor (OP)
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April 22, 2013, 07:43:12 PM |
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xoror, do you know where I can see the Feathercoin hashrate?
Cheers.
every coin has an estimate built in. help > debug window > console - write a "getmininginfo" command
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fuck deeponion, fuck bitcoincash, all glory to one BITCOIN
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roy7
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April 22, 2013, 07:55:19 PM |
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xoror, do you know where I can see the Feathercoin hashrate?
Cheers.
every coin has an estimate built in. help > debug window > console - write a "getmininginfo" command For clarity, that is if he's using the client to mine with. Which was probably the intent of the question. For whatever reason when I read it, I thought he was asking for an estimated global hash rate of the whole FC network.
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xorxor (OP)
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April 22, 2013, 08:02:41 PM |
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xoror, do you know where I can see the Feathercoin hashrate?
Cheers.
every coin has an estimate built in. help > debug window > console - write a "getmininginfo" command For clarity, that is if he's using the client to mine with. Which was probably the intent of the question. For whatever reason when I read it, I thought he was asking for an estimated global hash rate of the whole FC network. Actualy, getmininginfo IS an estimated global hash rate of the whole network.
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fuck deeponion, fuck bitcoincash, all glory to one BITCOIN
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