FPGA LTC, distributed

[jubalix]

IF what i see in some threads is correct there are very small yet powerful FPGA being produced for LTC....If this holds up, i would think they will be in their millions/billions and people will be running them everywhere, the market to produce for them will have a scale that ASICS cant match...

and it will be almost impossible to shut down...I tend to feel that LTC may win out long term for this reason

I feel a bit uncomfortable with the centralization and wipe out for many GPU miners that asics will bring about. It makes it vulnerable to a few manufactures, and maybe a few hundred or thousand locations which could be shut down.

Given the way mobile phones are going I would have thought a coin that can be mined on them would be best, as it would be hard to monopolize as so many people have them....and they upgrade quickly, and they are mass produced.

It also has the natural advantage of being on a mobile phone, with apps ready to spend, trade and use, and may drag a lot of people quickly into using it.

I thus propose MCoin (mobile coin)

anyway....just thought anyone interested....chip in with debate/views

I add, given there are what 10^9 phones, you would be looking at roughly this multiplier straight of for any crypto, so at say 1GHZ per phone, that what 1 exa herts? divide by 100 to be realist an there you have 10 terrahashes, ready to go

[greyhawk]

Ah yes, running a miner on a smart phone. Yeah, I can see absolutely no problems with this. I mean it's not like smart phones need to be recharged every 18 hours at normal use already. Throw a miner on there. Give those things something to do, right?

[jubalix]

Ah yes, running a miner on a smart phone. Yeah, I can see absolutely no problems with this. I mean it's not like smart phones need to be recharged every 18 hours at normal use already. Throw a miner on there. Give those things something to do, right?

that's why I said divide by 100 to account how many are off.

Shear numbers may take the day I recon over any single miner or mining group as mobiles get relatively faster than PC/ASICS as they have so much more invested into them.

I mean GS4 1.6 8 x core, they are going to make X million of these and they will be outdated in 2 years, as slow.

[greyhawk]

Ah yes, running a miner on a smart phone. Yeah, I can see absolutely no problems with this. I mean it's not like smart phones need to be recharged every 18 hours at normal use already. Throw a miner on there. Give those things something to do, right?

that's why I said divide by 100 to account how many are off.

You're missing the point. Why would I have a miner running on my phone if it ups battery drain so I have to recharge the phone every 30 minutes instead of every 18 hours.

[jubalix]

Ah yes, running a miner on a smart phone. Yeah, I can see absolutely no problems with this. I mean it's not like smart phones need to be recharged every 18 hours at normal use already. Throw a miner on there. Give those things something to do, right?

that's why I said divide by 100 to account how many are off.

You're missing the point. Why would I have a miner running on my phone if it ups battery drain so I have to recharge the phone every 30 minutes instead of every 18 hours.

ok because, say in 2 years, time, your phone will be so much more powerfull it would not be taking whole battery, also only a portion of the network is ever on and hashing, eg 1/100 th, that's why I divide by 100, my combined hash will far out do anything else and increasingly so over time due to the investment into mobile devices/phone, thier subsidy by other uses and ther shear number of them.

I think the person to crack this paradigm, will have BTC 2.0, with a take up rate that is well frihgtening. I think the blockchain would have to be premined for say 1 million -1 billion coins and every one that starts mining can get 1 coin automatically, and no premines are coins are kept, or perhaps 1000 only to recover costs.