TRC an ideal FPGA Coin

[crazy_rabbit]

With the arrival (albeit slow arrival) of ASIC some GPU miners are going to have to face the decision of either shutting down or switching coins. Litecoin is the obvious initial coin of choice, but it is not mineable by FPGA's currently. FPGA's are for the most part not suited for resale and will soon be obsolete for mining Bitcoin (although there are trade in programs available for some ASIC manufacturers- but not all, certainly no those who are now out of buisness). The best alternative for FPGA miners would be to mine Terracoin, as it will be awhile (most likely at least until second generation ASIC) before ASIC miners have an economic incentive to mine TRC.

[nethead]

Dont get me wrong, i support TRC, but its as ideal as other alts for fpga mining (frc (NO!), ruc, ppc etc etc)

I would love to have an fpga thou.... If anyone wants to sell his for cheap pm me

[crazy_rabbit]

Dont get me wrong, i support TRC, but its as ideal as other alts for fpga mining (frc (NO!), ruc, ppc etc etc)

I would love to have an fpga thou.... If anyone wants to sell his for cheap pm me

True, true. :-) I also would love to have an FPGA. :-)

[ElectricMucus]

You seem to be heavily invested in Terracoin crazy rabbit.

I'll break it to you: No there isn't a ideal FPGA coin - yet
SHA-2 neither makes use of the DSP blocks found in FPGAs nor is it particularly beneficial to the layout of the chips. It would certainly be possible to create such a coin, if one find the correct hashing algorithm.

[crazy_rabbit]

You seem to be heavily invested in Terracoin crazy rabbit.

I'll break it to you: No there isn't a ideal FPGA coin - yet
SHA-2 neither makes use of the DSP blocks found in FPGAs nor is it particularly beneficial to the layout of the chips. It would certainly be possible to create such a coin, if one find the correct hashing algorithm.

Hahaha, i wouldn't say invested, but I am really into it. :-) its my hobby! Really I am btc but I enjoy alt coins. The fresher the better!

As for the block taking 20 minutes, I am surprised. Actually the hash rate is the same, so I guess that is just variance? Dunno. But hash rate is the same. :-)

[smoothie]

LOL why mine TRC with an FPGA instead of just using an ASIC?

TRC is fucked up the ass. Someone will point an ASIC at TRC and it will be game over.

Good luck with those minor parameter changes. 

[crazy_rabbit]

LOL why mine TRC with an FPGA instead of just using an ASIC?

TRC is fucked up the ass. Someone will point an ASIC at TRC and it will be game over.

Good luck with those minor parameter changes. 

Look! Under the bridge! I've spotted a Troll!

[smoothie]

LOL why mine TRC with an FPGA instead of just using an ASIC?

TRC is fucked up the ass. Someone will point an ASIC at TRC and it will be game over.

Good luck with those minor parameter changes.  

Look! Under the bridge! I've spotted a Troll!

HOW DO I TERRACOIN?

[Atruk]

You seem to be heavily invested in Terracoin crazy rabbit.

I'll break it to you: No there isn't a ideal FPGA coin - yet
SHA-2 neither makes use of the DSP blocks found in FPGAs nor is it particularly beneficial to the layout of the chips. It would certainly be possible to create such a coin, if one find the correct hashing algorithm.

Hahaha, i wouldn't say invested, but I am really into it. :-) its my hobby! Really I am btc but I enjoy alt coins. The fresher the better!

As for the block taking 20 minutes, I am surprised. Actually the hash rate is the same, so I guess that is just variance? Dunno. But hash rate is the same. :-)

I love me some altcoins, but terracoin seems like a dead end now. Maybe you can come around to love PPCoin or Freicoin, but I know I can't.

For FPGAs the best bet is probably merged mining chains like namecoin. Namecoin might be the oldest of the altchains, but it has a lot of potential uses and people are just now starting to recognize that. It's the only blockchain that found a use beyond bitcoins in that it also serves as a fairly excellent datastore.

It will probably be a while before people point their ASICs at Bitparking. Pointing your FPGAs there or mining the same mix they have solo probably wouldn't hurt too much, and ASICs are still coming online in a trickle so you might even get some BTC out of it.

[mr_random]

The best alternative for FPGA miners would be to mine Terracoin, as it will be awhile (most likely at least until second generation ASIC) before ASIC miners have an economic incentive to mine TRC.

LOL

[conspirosphere.tk]

terracoin seems like a dead end now.

^The last famous words^

[Simran]

But why only TRC? All SHA-256 have the same advantage to FPGA's

[Atruk]

terracoin seems like a dead end now.

^The last famous words^

Much has changed since early February. Listing on Vircurex among other things seems to have helped revitalize this coin.

[meebs]

terracoin seems like a dead end now.

^The last famous words^

Much has changed since early February. Listing on Vircurex among other things seems to have helped revitalize this coin.

Other than the exchange... what else?

Are you referring to the block fork? (legit question).. or something like increasing BTC difficulty and miners wanting more than a fraction of something a day.

[Atruk]

terracoin seems like a dead end now.

^The last famous words^

Much has changed since early February. Listing on Vircurex among other things seems to have helped revitalize this coin.

Other than the exchange... what else?

Are you referring to the block fork? (legit question).. or something like increasing BTC difficulty and miners wanting more than a fraction of something a day.

Mostly increasing BTC difficulty and speculation is what i imagine. TRC is also like LTC in being a low drama/controversy altcoin.

[crazy_rabbit]

terracoin seems like a dead end now.

^The last famous words^

Much has changed since early February. Listing on Vircurex among other things seems to have helped revitalize this coin.

Other than the exchange... what else?

Are you referring to the block fork? (legit question).. or something like increasing BTC difficulty and miners wanting more than a fraction of something a day.

Mostly increasing BTC difficulty and speculation is what i imagine. TRC is also like LTC in being a low drama/controversy altcoin.

It's interesting that you mention that. I've been a bit proponent in having TRC on BTC-E, but someone else pointed out that not having BTC-E's "troll box" is probably a good thing. Less drama would certainly be appreciated.

[conspirosphere.tk]

I wonder if there could be a way to mine TRC and BTC at the same time like you can mine BTC and NMC.

[smoothie]

ASICs will kill TRC. The "developers" of this coin failed to realize this.

[ehoffman]

ASIC can mine TRC the same as BTC.  In fact, a lot of algorithm are the same.  BTC, PPC, TRC, FRC, ...

I have FPGA (actually that I build myself from telecom cards we have at out job...  that happens to not sell really well , so I give them a second life!).  I have an array of those cards and do about 2.2GHash/s (2200MHash/s).  To the FPGA (and it's the same for an ASIC), he doesn't know that a workload is BTC, PPC, TRC, etc.  It's the same algorithm.

So, point a few ASIC at those alt coins and it will for sure choke other miners (including FPGA miners).

So, once ASIC is used, the difficulty will raise to the point that it's no more profitable to mine that coin.  One of the following will happen:
- The coin will take value as the difficulty increase so to remain profitable.  Although only to some limit.
- More likely, the coin value won't raise so much, and there will be an equilibrium between mining power and coin value.  When BTC is more profitable, less people will mine that altcoin.  And when altcoin become more profitable, miners will mass switch to it.  Eventually, miners will get tired of switching between BTC and that coin (depending on the most profitable), and the value will just slowly decrease.  But in the end, there will always be an equilibrium.  In fact, it has always been, even a month or two ago.  I do remember seeing that even when TRC difficulty was like 400~500.  Now there's a surge of power only because of the latest jump in value.

In fact, that scenario 2 is reached for TRC.  Keep being more or less profitable than BTC, and what do we see, value slowly decrease...

[mr_random]

ASIC can mine TRC the same as BTC.  In fact, a lot of algorithm are the same.  BTC, PPC, TRC, FRC, ...

I have FPGA (actually that I build myself from telecom cards we have at out job...  that happens to not sell really well , so I give them a second life!).  I have an array of those cards and do about 2.2GHash/s (2200MHash/s).  To the FPGA (and it's the same for an ASIC), he doesn't know that a workload is BTC, PPC, TRC, etc.  It's the same algorithm.

So, point a few ASIC at those alt coins and it will for sure choke other miners (including FPGA miners).

So, once ASIC is used, the difficulty will raise to the point that it's no more profitable to mine that coin.  One of the following will happen:
- The coin will take value as the difficulty increase so to remain profitable.  Although only to some limit.
- More likely, the coin value won't raise so much, and there will be an equilibrium between mining power and coin value.  When BTC is more profitable, less people will mine that altcoin.  And when altcoin become more profitable, miners will mass switch to it.  Eventually, miners will get tired of switching between BTC and that coin (depending on the most profitable), and the value will just slowly decrease.  But in the end, there will always be an equilibrium.  In fact, it has always been, even a month or two ago.  I do remember seeing that even when TRC difficulty was like 400~500.  Now there's a surge of power only because of the latest jump in value.

In fact, that scenario 2 is reached for TRC.  Keep being more or less profitable than BTC, and what do we see, value slowly decrease...

This is why it's a GODSEND we have LTC. It's designed to be ASIC resistant. The article on wikipedia makes it clear that it will require a genuine computer science breakthrough for someone to find a way to parallel compute LTC's scypt algorithm (http://en.wikipedia.org/wiki/Scrypt).

Miners are the hard workers that drive the system and DESERVE to be rewarded. That's why they deserve a FAIR coin like litecoin.