18stops (OP)
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April 08, 2013, 01:44:35 AM |
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is it possible to use jalapeno's to mine litecoin or is that only for BTC?
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Oshero
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April 08, 2013, 01:47:17 AM |
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The Scrypt Algorithm is inherently different from the SHA-256 algorithm.
Bitcoin is based on the SHA-256 algorithm. Litecoin uses scrypt.
As ASIC's are specialized for one purpose. (In the jalapeno's case, SHA-256, it won't be able to mine Litecoin effectively.)
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shibaji
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April 08, 2013, 01:47:50 AM |
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is it possible to use jalapeno's to mine litecoin or is that only for BTC?
Only BTC. I is an application specific integrated circuit, and the algorithm for BTC (SHA256) is hardcoded. LTC uses a different cryptography algorithm (scrypt)
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jml
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April 08, 2013, 01:47:58 AM |
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Litecoin is only meant for GPU or CPU mining as there are memory requirements to mine a block. At the moment, litecoin is FPGA and ASIC resistant.
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"Everything is a matter of degree"
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18stops (OP)
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April 08, 2013, 01:53:14 AM |
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I was curious but I figured as much, thanks for the prompt replies.
This hobbyist has two jalapeno's on order so I'll join up with the slush pool and wait and see
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sagiko
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April 08, 2013, 02:02:17 AM |
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Before you commit to BFL ASIC, better check all the posts in the forum on the BFL ASIC status. I should have gone with Avalon if I read all these before I placed my order.
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baad
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April 08, 2013, 10:12:18 AM |
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It is only for BTC, LTC uses different algo.
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BitSmile
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April 08, 2013, 10:53:41 AM |
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Man, even if it could mine ltc, BFL is just a shame of a company.
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btchustler
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April 08, 2013, 11:59:56 AM |
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Man, even if it could mine ltc, BFL is just a shame of a company.
true
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Keimoasd
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April 08, 2013, 12:00:12 PM |
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Man, even if it could mine ltc, BFL is just a shame of a company.
I agree.
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