Bitcoin Forum
May 05, 2024, 04:05:37 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Alternate cryptocurrencies > Altcoin Discussion > Altcoins vs. ASICs
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: Altcoins vs. ASICs  (Read 535 times)
flound1129 (OP)
Hero Member
*****
Offline Offline

Activity: 938
Merit: 1000


www.multipool.us


View Profile
March 12, 2013, 04:52:51 PM
 #1
What is everyone's opinion on the impact of ASICs on the altcoins?

It seems to me that the smart ASIC buyers will be mining whatever's got the highest profitability ratio, will this have an effect of bringing parity to the SHA-256 altcoin prices?

If this happens it seems to me that LTC will be the only unaffected coin and may wind up remaining the most profitable to mine.

Thoughts?
Multipool - Always mine the most profitable coin - Scrypt, X11 or SHA-256!
1714881937
Hero Member
*
Offline Offline

Posts: 1714881937

View Profile Personal Message (Offline)

Ignore
1714881937
1714881937
Reply with quote  #2
1714881937
Report to moderator
1714881937
Hero Member
*
Offline Offline

Posts: 1714881937

View Profile Personal Message (Offline)

Ignore
1714881937
1714881937
Reply with quote  #2
1714881937
Report to moderator
"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714881937
Hero Member
*
Offline Offline

Posts: 1714881937

View Profile Personal Message (Offline)

Ignore
1714881937
1714881937
Reply with quote  #2
1714881937
Report to moderator
1714881937
Hero Member
*
Offline Offline

Posts: 1714881937

View Profile Personal Message (Offline)

Ignore
1714881937
1714881937
Reply with quote  #2
1714881937
Report to moderator
smoothie
Legendary
*
Offline Offline

Activity: 2492
Merit: 1473


LEALANA Bitcoin Grim Reaper


View Profile
March 12, 2013, 07:05:21 PM
 #2
This is true. Some people have not allowed this to set in their mind yet. Those buying asic are locked in to mining SHA256 chains. No switching can be done unless they have GPUs. But even in that case bitcoin gpu miners are getting squeezed out by ASIC miners.
███████████████████████████████████████

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

 . ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.                  History of Monero development Visualization ★☆ .
LEALANA BITCOIN GRIM REAPER SILVER COINS.
 
Pages: [1]
  Print  
Bitcoin Forum > Alternate cryptocurrencies > Altcoin Discussion > Altcoins vs. ASICs
 « previous topic next topic »
 
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!