djm34
Legendary
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Activity: 1400
Merit: 1050
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March 31, 2014, 01:38:07 PM |
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Quite frankly, there was very little chance that litecoin dev agreed to change their algo (but hey the guy who proposed has been offered a position in dev team, that's certainly the only thing he wanted... this and getting some attention...) and to be honest I don't think it would be good for the coin in terms of image if they changed everything. Also it is in the best interest of a coin to have the strongest network possible (especially as there was some fear of a 51% attack from a pool a week or two ago, obviously this could also comes from asics, but it also make easier to secure the network). For gpu mining, it will just move to some other coins and some other algos which can also be profitable (assuming bitcoin survives next summer)
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djm34 facebook pageBTC: 1NENYmxwZGHsKFmyjTc5WferTn5VTFb7Ze Pledge for neoscrypt ccminer to that address: 16UoC4DmTz2pvhFvcfTQrzkPTrXkWijzXw
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atc1
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March 31, 2014, 01:38:58 PM |
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Mining is just going to keep moving from one algo to the next. Aslong as we can move quicker then tue asics can be built, they wont effect much too much. But because coins have such a long mining time it is. The only coins that will ever be asic resistant are those on an algo that asics arent for that are totally mined in less then a year. So asic devs dont have time to develop them
Agreed,but once a coin is released,changing it's algo to prevent competition from ASICs can be a big problem. Look at Litecoin now. Moreover,once your coin has got the necessary market leverage,it's very hard to push people onto something else. It can be disruptive and generally bad for confidence. So,yeah...that's what's bothering me. I guess you need money to make money.
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cbuchner1 (OP)
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March 31, 2014, 01:39:05 PM |
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You think more performance in mining ? .
no because we're not using the 3D APIs.
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djm34
Legendary
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Activity: 1400
Merit: 1050
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March 31, 2014, 01:43:26 PM |
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Mining is just going to keep moving from one algo to the next. Aslong as we can move quicker then tue asics can be built, they wont effect much too much. But because coins have such a long mining time it is. The only coins that will ever be asic resistant are those on an algo that asics arent for that are totally mined in less then a year. So asic devs dont have time to develop them
POS is the answer (still wondering how they will secure their network though... I can't even synchronize shacoin wallet since it is pos only) I applied to this new coin 100% pos: https://bitcointalk.org/index.php?topic=529481.0
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djm34 facebook pageBTC: 1NENYmxwZGHsKFmyjTc5WferTn5VTFb7Ze Pledge for neoscrypt ccminer to that address: 16UoC4DmTz2pvhFvcfTQrzkPTrXkWijzXw
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anonimus
Sr. Member
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Activity: 434
Merit: 250
bitcoinvest.cc
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March 31, 2014, 01:44:38 PM |
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It is possible to mine animecoin with 750ti?
Thanks
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cvax
Member
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Activity: 84
Merit: 10
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March 31, 2014, 02:39:22 PM |
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Surprising that all the "cuda coins" we did in ccMiner look pretty profitable in your charts. I had almost written off fugueCoin already... but beware, the buyer market for Fugue is weak, and it may drop sharply in price whenever there's currently no buyer. Remember to VOTE HERE https://www.cryptoaltex.com/index.php?page=newcoin for FugueCoin to succeed. The more exchanges the better this coin will do. Also Yacoin is doing pretty good, despite the fact that the coin is currently sold under value (IMHO). Christian I vote every day for our Fugue :] I do like my Yac. The sell pressure has been stronger than usual lately, but based on the order book on Bter you can see that someone is trying to recover the price by stacking the price ladder full of small quantity trades on the sell side.
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BTC: 15HAePieDjYge6LTG2HFRZEJseRYJJqmta | YAC: YMvBp1SpY2sZ8nUZgKFLTEx7neuUZ7APuM 8x 750Ti's, AsRock 970 Extreme 4, Athlon II 170u
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holdout
Newbie
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Activity: 1
Merit: 0
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March 31, 2014, 03:39:21 PM |
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Both the devs have a good point though. Hark forking can have serious consequences and X11's longer confirmation times can be a problem. The scrypt miners have been at it for a month already. Check the difficulty raise this month. It's gone from 3500-6500 at it's peak. Almost doubled. This is just the beginning. More are coming and the first units that have been hashing from the beginning of this month will only be shipped late June/July. I,for one,can't imagine what's going to happen to mining at home when the ASICs are in full swing,say,by this September or October. Vertcoin is ASIC-proof.
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ghur
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March 31, 2014, 03:51:52 PM |
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What a short sighted comment to make. Ultimately what matters to a coin is a secure blockchain. Everything depends on that. ASICs will accomplish this. The CPU, then GPU, has been a great environment for the coin to grow, but now it's time to grow up. Profitability for GPU miners is not the primary concern of the Litecoin developers. They made the only sensible decision. Or rather, continued to let things run the course they need to run. This X11 fork nonsense was good for a quick chuckle, nothing more.
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doge: D8q8dR6tEAcaJ7U65jP6AAkiiL2CFJaHah Automated faucet, pays daily: Qoinpro
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cbuchner1 (OP)
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March 31, 2014, 04:41:01 PM |
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Vertcoin is ASIC-proof.
you say that until the first Scrypt-N miners hit the market. "Each Scryptr chip can achieve about 1MH/s performance for Scrypt-N (N=2048) for coins such as Vertcoin. Hence for Neon C08, the Scrypt-N performance is 2MH/s. " N is just a parameter, and conveniently a power of 2. when ASIC makers integrate that into their chips, there's no stopping them...
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atc1
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March 31, 2014, 05:11:36 PM |
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Vertcoin is ASIC-proof.
you say that until the first Scrypt-N miners hit the market. "Each Scryptr chip can achieve about 1MH/s performance for Scrypt-N (N=2048) for coins such as Vertcoin. Hence for Neon C08, the Scrypt-N performance is 2MH/s. " N is just a parameter, and conveniently a power of 2. when ASIC makers integrate that into their chips, there's no stopping them... Lol,at this rate,nothing is safe. But Scrypt-N coins don't have the required marketcap to necessitate the creation of ASICs. At this rate,the only algo's that seem safe are the Primechain and whatever Riecoin's running on. But..but look at it's buy support,it's almost doubled in value today.
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ivanlabrie
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March 31, 2014, 05:29:23 PM |
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Only algo that is truly asic proof is variable n factor with scheduled changes, not the year long vertcoin n factor change...that's too darn long but the devs said they would hard fork if need be.
And, you know what, I don't like those asic manufacturers/mining cartels/mafia dudes at all xD
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Wipeout2097
Sr. Member
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Activity: 840
Merit: 255
SportsIcon - Connect With Your Sports Heroes
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March 31, 2014, 05:30:15 PM |
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Those "clowns" are targeting 50% pre-mines without any guarantee of distribution the way it is claimed by the devs, not country coins per se. I'd strongly oppose them, if they did. It's none of their business if foreigners like Icelanders (or Portuguese for that matter) want a localized alt-coin. The article you link to, is infested with U.S. centric ideological garbage, and so isn't to be taken seriously either. But this is cudaMiner thread.
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liomojo1
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March 31, 2014, 05:44:36 PM |
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Bitleu, the Romanian coin is Asics proof . It is scrypt-Jane with variable N factor.
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ManIkWeet
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March 31, 2014, 05:59:42 PM |
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Bitleu, the Romanian coin is Asics proof . It is scrypt-Jane with variable N factor.
Scrypt-Jane with variable N factor, so... Scrypt with variable N factor with variable N factor???
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BTC donations: 18fw6ZjYkN7xNxfVWbsRmBvD6jBAChRQVn (thanks!)
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I_M
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March 31, 2014, 06:08:48 PM |
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Bitleu, the Romanian coin is Asics proof . It is scrypt-Jane with variable N factor.
Scrypt-Jane with variable N factor, so... Scrypt with variable N factor with variable N factor???
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cbuchner1 (OP)
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March 31, 2014, 06:16:44 PM |
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Last chance to vote vor FC... It's currently in 2nd place only...
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jsamul
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March 31, 2014, 06:19:58 PM |
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Last chance to vote vor FC... It's currently in 2nd place only...
you think cryptoaltex is the right exchange for fc? look at the daily trade amount... is that exchange at all?
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cbuchner1 (OP)
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March 31, 2014, 06:21:18 PM Last edit: March 31, 2014, 06:39:41 PM by cbuchner1 |
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Last chance to vote vor FC... It's currently in 2nd place only...
you think cryptoaltex is the right exchange for fc? look at the daily trade amount... is that exchange at all? same can be said about nxt-e A small step for a coin, but a giant leap for coinkind.
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sin242
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March 31, 2014, 06:56:51 PM |
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And, you know what, I don't like those asic manufacturers/mining cartels/mafia dudes at all xD
This^ I really dont have a hatred of ASICs per se.. it's this bit that gets me. If you could literally hop on newegg or amazon or wtf ever, order whatever the new kickass asic is and have it show up a couple days later i really wouldnt care. Its the "pre-order now so it'll make you half the money (if you're lucky) that you would have made when you ordered it!" All the bastards do is announce the "new tech" and let you pre-order while theyre using it and developing the next best thing. When the next best thing is ready they start using that and pass off the leftovers as the latest and greatest at full price and you get to be behind the big boys yet again.
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Dark: Xk9BoVerBd41JCjWQEhnxoowP7YNUK439z BTC: 1JzPN2h8WGSi7kQeY5wuP4PjVD2hxkHJQM
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