Litecoin ASIC?!?!

[Gazylion]

Feathercoin - 136 MH/s ?! 

[BTC4Amazon]

Sounds like a Bitcoin farm being converted to Litecoin or feathecoin or w/e... I know personally if I switched over everything i "could" to litecoin mining it would give me 12+kH/s which isnt a lot compared to that but I don't have a lot either

[blastbob]

stat porn

[dragon2nd]

...and increasing... it's now 152,199!

[Gazylion]

Sounds like a Bitcoin farm being converted to Litecoin or feathecoin or w/e... I know personally if I switched over everything i "could" to litecoin mining it would give me 12+kH/s which isnt a lot compared to that but I don't have a lot either

2 x 7950 gives you around 1MH/s so he should have 272 x 7950 !

[CoinHoarder]

[    ] asic
[    ] fpga farm
[    ] gpu farm
[ X ] botnet

[BTC4Amazon]

Sounds like a Bitcoin farm being converted to Litecoin or feathecoin or w/e... I know personally if I switched over everything i "could" to litecoin mining it would give me 12+kH/s which isnt a lot compared to that but I don't have a lot either

2 x 7950 gives you around 1MH/s so he should have 272 x 7950 !

Hmm, My math must've been off somewere....Tisk Tisk me for doing math in my head

[Cheshyr]

[    ] asic
[    ] fpga farm
[    ] gpu farm
[ X ] botnet

[BTC4Amazon]

Sounds like a Bitcoin farm being converted to Litecoin or feathecoin or w/e... I know personally if I switched over everything i "could" to litecoin mining it would give me 12+kH/s which isnt a lot compared to that but I don't have a lot either

2 x 7950 gives you around 1MH/s so he should have 272 x 7950 !

Hmm, My math must've been off somewere....Tisk Tisk me for doing math in my head

136MH/s - his speed
HD7950 - gives you around 500kH/s

136 / 0.5 = 272 x HD7950

[dragon2nd]

[    ] asic
[    ] fpga farm
[    ] gpu farm
[ X ] botnet

Possibly. Never seen *SUCH* a hashrate in Litecoin before. Or could be another Bitcoin GPU quitter, except this time it's a big one.

[YipYip]

[    ] asic
[    ] fpga farm
[    ] gpu farm
[ X ] botnet

Agreed

[Tobius]

With that kind of hash rate, I doubt it's just some BTC quitter, plus why wouldn't they have switched to ASICs by now @_@

[    ] asic
[    ] fpga farm
[    ] gpu farm
[ X ] botnet

Probably...

[dan99]

Wow, dodg is doing 136mh/s that is a lot of moola per day... 1.5k a day.. and when Litecoin is listed to trade on mt.gox .. he will make quite a bit of moola..once listed the price of litecoin will very likely move up.

[saddambitcoin]

Fontas

[duhosnyul]

Sure this is Fontas. Time to bank on LTC guys. pump pump pump.

[Cheshyr]

 

[wolf1]

This situation makes me sad and really gives a bad opinion about crypto-currencies among public.
In pool where I'm mining a top guy have two weeks ago 50,000kH/s, last week 150,000kH/s, now over 200,000kH/s but highly fluctuating (170-210).
I'm trying, but could not imagine his mining rigs and thinking that this is botnet too.

The whole problem is caused by the fact that scrypt was designed to have good output on CPUs, thus attracting this kind of mining.
It will be probably resolved only after introduction of scrypt ASICs so it will be not profitable run botnet in that network.
It's probably only matter of time, some guys working on them. It was told at first that scrypt will not be very profitable on GPUs compared to CPUs, look at the situation now

[dragon2nd]

This situation makes me sad and really gives a bad opinion about crypto-currencies among public.
In pool where I'm mining a top guy have two weeks ago 50,000kH/s, last week 150,000kH/s, now over 200,000kH/s but highly fluctuating (170-210).
I'm trying, but could not imagine his mining rigs and thinking that this is botnet too.

The whole problem is caused by the fact that scrypt was designed to have good output on CPUs, thus attracting this kind of mining.
It will be probably resolved only after introduction of scrypt ASICs so it will be not profitable run botnet in that network.
It's probably only matter of time, some guys working on them. It was told at first that scrypt will not be very profitable on GPUs compared to CPUs, look at the situation now

WOW~ which pool are you in? I'm gonna take a look.

[crazy_rabbit]

This is why ASICS are good for coins. It prevents botnets. The arguement about scrypt and ASIC resistant (not proof) coins like litecoin is that it allows botnet miners to exist. You can't botnet mine bitcoin, but as is easy to see- you can botnet mine the hell out of Litecoin or other scrypt coins.

It's one thing if a high hash power miner invests a good deal of money into buying asics or a GPU farm, then they make this amount of coin legitimately, but by using a botnet you destroy the economics of the coin. Its essentially printing free money by stealing others CPU and Electricity.

[CRkfx1]

This is why ASICS are good for coins. It prevents botnets. The arguement about scrypt and ASIC resistant (not proof) coins like litecoin is that it allows botnet miners to exist. You can't botnet mine bitcoin, but as is easy to see- you can botnet mine the hell out of Litecoin or other scrypt coins.

It's one thing if a high hash power miner invests a good deal of money into buying asics or a GPU farm, then they make this amount of coin legitimately, but by using a botnet you destroy the economics of the coin. Its essentially printing free money by stealing others CPU and Electricity.

Never thought about it like that.  You make some excellent points.