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Author Topic: Other virtual currencies with ASIC?  (Read 1150 times)
PassiTheApe (OP)
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May 06, 2013, 01:49:22 PM
Last edit: May 06, 2013, 02:11:36 PM by PassiTheApe
 #1

Hey there,

short question: is it possible to mine other virtual currencies with an ASIC miner?

I know that LiteCoins are immune to ASIC, but what about the rest?

thanks

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benmuc
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May 06, 2013, 01:55:13 PM
 #2

Asics can only mine SHA-256. I am not sure if an ASIC can mine other currencies based on SHA-256. I would think so thought.  Someone please correct me if im wrong.
baloo_kiev
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May 06, 2013, 01:55:29 PM
 #3

Scrypt-based currencies (LTC, NVC, BBQ, MNC, FTC, CNC, BTB, ...) cannot be mined with curret Bitcoin (SHA256d) ASICs.

However, we may see scrypt-ASICs some day. Probably not earlier than in 1,5 years.

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baloo_kiev
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May 06, 2013, 01:57:02 PM
 #4

Asics can only mine SHA-256. I am not sure if an ASIC can mine other currencies based on SHA-256. I would think so thought.  Someone please correct me if im wrong.

Yes, you can mine any SHA256d coin with those ASICs.

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Endgame
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May 06, 2013, 02:01:35 PM
 #5

The current batch of ASICs should work on any SHA-256 based coin, so BTC, NMC, PPC, TRC, DVC, IXC, FRC, BTE etc.
noellajean
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May 06, 2013, 02:03:53 PM
 #6

The current batch of ASICs should work on any SHA-256 based coin, so BTC, NMC, PPC, TRC, DVC, IXC, FRC, BTE etc.

You'd be the only one mining NMC tho, Namecoin is very dead   Undecided
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May 06, 2013, 02:06:57 PM
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You'd be the only one mining NMC tho, Namecoin is very dead   Undecided

NMC can be merged-mined with BTC, which currently gives you 8% more!

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tuomas56
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May 06, 2013, 02:14:43 PM
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Namecoins can still be mined though and there are a few places on the web that allows you to trade them for bitcoins. Though my guess is the amount of bitcoins you will get will be very small. But still 0.01 bitcoin is better than none.
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