$504000 per day

[DrG]

hey friends, TRC was hit by one of the asics and is lagging and they put in a historical fix, and we just need to get through 2 Blocks, and we will be out of our bind.  but the increased difficulty has scared the miners away, if anyone could spare any mining power for half an hour for the TRC cause, it would be so helpful right now.

thank you

and I know TRC doesn't belong over on BTC

That will be a problem for the budding sub-currencies under Bitcoin as these super powerful devices come online. Those markets are too fragile to power dump on. Bitcoin went through a natural progression in size and computing power. LTC/TRC may have some headache as that high level tech is being applied to it way too early.

As far as most people know ASIC for LTC is not possible or is a far ways off due to different computational method.  It's the SHA256 cryptos that are getting bulldozed.

[Operatr]

hey friends, TRC was hit by one of the asics and is lagging and they put in a historical fix, and we just need to get through 2 Blocks, and we will be out of our bind.  but the increased difficulty has scared the miners away, if anyone could spare any mining power for half an hour for the TRC cause, it would be so helpful right now.

thank you

and I know TRC doesn't belong over on BTC

That will be a problem for the budding sub-currencies under Bitcoin as these super powerful devices come online. Those markets are too fragile to power dump on. Bitcoin went through a natural progression in size and computing power. LTC/TRC may have some headache as that high level tech is being applied to it way too early.

As far as most people know ASIC for LTC is not possible or is a far ways off due to different computational method.  It's the SHA256 cryptos that are getting bulldozed.

Possibly just a big FPGA rig is more likely

[gambit]

hey friends, TRC was hit by one of the asics and is lagging and they put in a historical fix, and we just need to get through 2 Blocks, and we will be out of our bind.  but the increased difficulty has scared the miners away, if anyone could spare any mining power for half an hour for the TRC cause, it would be so helpful right now.

thank you

and I know TRC doesn't belong over on BTC

This is bad for TRC But what if someone will attack it again after the network gets back to normal? 

[Operatr]

hey friends, TRC was hit by one of the asics and is lagging and they put in a historical fix, and we just need to get through 2 Blocks, and we will be out of our bind.  but the increased difficulty has scared the miners away, if anyone could spare any mining power for half an hour for the TRC cause, it would be so helpful right now.

thank you

and I know TRC doesn't belong over on BTC

That will be a problem for the budding sub-currencies under Bitcoin as these super powerful devices come online. Those markets are too fragile to power dump on. Bitcoin went through a natural progression in size and computing power. LTC/TRC may have some headache as that high level tech is being applied to it way too early.

As far as most people know ASIC for LTC is not possible or is a far ways off due to different computational method.  It's the SHA256 cryptos that are getting bulldozed.

ASIC for Scrypt can be done, but it is so expensive to produce up front there is no way we'll see them for Litecoin anytime soon. It is likely Litecoin and others will follow a similar hardware path to Bitcoin from CPU<GPU<FPGA<ASIC< ?, so we are now at the FPGA stage

[lulumiya]

The miners are currently being paid an equivalent of about $324000 per day through the block reward. (about 90 USD per BTC, 25 BTC per block, 144 blocks per day)

Do you think this amount is a reasonable amount to keep the network going?

Edit: Changed title due to increased price.

year 2013  what a topic. nice old stats.  90 USD price