Litecoin ASIC?!?!

[mg27341]

It's just a business set up for mining. Start a company that has 100 hosts x 4 7970s and you can get 300,000 kH/s or so and people immediately cry botnet! If it was a real botnet, the stats would be 100 to 1000x higher and they sure as hell would not be mining feathercoin!

[    ] asic
[    ] fpga farm
[    ] gpu farm
[    ] botnet
[ X ] business (i.e., company set up for mining feathercoin with 50 hosts x 4 7970s put together by ten guys over a weekend)

If you're going to propose something devious, at least propose a multi-FPGA rig which, while still currently impossible for LTC or feathercoin as far as we jbiw, would have a much greater possibility of being real than this botnet BS.

[txmasut]

True, just a business probably.  I'm actually about to have 156,000 k/h with my 40 rigs. Cohosting, investment(12% return) and personal rigs.

[vinne81]

When ASICS become more available, (and have more management capabilities) maybe somebody finds a way to hack them. They there could be a thing like a botnet of ASICS

[milly6]

1   weareken   162,522    403.807
2   dodg   142,891    355.031

on wemineltc currently

[tidus_13]

what is botnet?

Is a web miner a botnet?

[serge79]

Feathercoin - 136 MH/s ?! 

That's a lot of feathercoin !

[WeTradeCoins]

1   weareken   162,522    403.807
2   dodg   142,891    355.031

on wemineltc currently

+1! We with pleasure gave home to two those amazing miners. FYI, none of them is a"botnet" as you called. They both run their own warehouses, and are big investors in the LTC era! We also build our own mega farm at the time we write those lines, we have already backordered 150 x 7950s and we just wait for arrival

[MarKusRomanus]

Its interesting they are pointing that kind of hash power at Feathercoin. What do you think that means?

[mg27341]

1   weareken   162,522    403.807
2   dodg   142,891    355.031

on wemineltc currently

+1! We with pleasure gave home to two those amazing miners. FYI, none of them is a"botnet" as you called. They both run their own warehouses, and are big investors in the LTC era! We also build our own mega farm at the time we write those lines, we have already backordered 150 x 7950s and we just wait for arrival

I told you guys that all of these botnet claims are pure BS!

[allthingsluxury]

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

I think I have to agree.

[msm595]

True, just a business probably.  I'm actually about to have 156,000 k/h with my 40 rigs. Cohosting, investment(12% return) and personal rigs.

Where do you cohost your rigs? I'm having trouble finding places to take rigs that don't really fit in racks.

[alex_fun]

+1! We with pleasure gave home to two those amazing miners. FYI, none of them is a"botnet" as you called. They both run their own warehouses, and are big investors in the LTC era! We also build our own mega farm at the time we write those lines, we have already backordered 150 x 7950s and we just wait for arrival

[txmasut]

True, just a business probably.  I'm actually about to have 156,000 k/h with my 40 rigs. Cohosting, investment(12% return) and personal rigs.

Where do you cohost your rigs? I'm having trouble finding places to take rigs that don't really fit in racks.

We cohost at our own location.  We were sick of seeing people buying into shares of something that no-one verifies or paying into hash rates with nothing else involved(no for sure payouts).

We built a building added A/C, 500 Amp Power Service to start and host everything using a custom interface to check downtime, auto-restart etc..

We mostly do investments, 12% return and no worries about running anything as we handle it all. We also pay bonus payouts based on the market.  Handling other people's rigs are more of a headache to keep track of them, separate duties as requested, etc.. Easier to keep everything as one and just do payouts.

Plus unlike most other 'investment' groups on here, we are a real company based in Texas(USA), licensed and insured and anyone can visit us at anytime.

[aa]

This is really sad. It just means that it's going to be harder for everyone to mine coins while the price stays low.

[SRoulette]

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

[bitcoinarnold]

+1! We with pleasure gave home to two those amazing miners. FYI, none of them is a"botnet" as you called. They both run their own warehouses, and are big investors in the LTC era! We also build our own mega farm at the time we write those lines, we have already backordered 150 x 7950s and we just wait for arrival

Wow....

[maomao]

Feathercoin - 136 MH/s ?! 

That's a lot of feathercoin !

Please be calm, I know the man,there are a lots of GPUS

[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

You're talking about *weareken* on wemineltc.com, right? That dude is hashing with a huge fluctuation.

[crazy_rabbit]

Feathercoin - 136 MH/s ?! 

That's a lot of feathercoin !

Please be calm, I know the man,there are a lots of GPUS

I know who's doing the dumping first!

[klenker]

This is really sad. It just means that it's going to be harder for everyone to mine coins while the price stays low.

That's my opinion too.

And they've been all over the pools. While I've been struggling to make 1k they've been eating them all up.

Defeats the purpose of pool mining, I thought... isn't that what solo mining is for?

hrmmr I dunno enough.. probly just whinging for nothing...

:/