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boed (OP)
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July 08, 2013, 09:43:29 AM
 #1
So, these ASICs designed for bitcoins, using SHA256, can they be used for other cryptocurrencies using same encryption?

I was thinking of investing in some ASICs but it would feel good to have something to switch to if BTC would turn less profitable.

My first thread by the way, looking forward getting to know you all.
jackjack
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July 08, 2013, 10:25:59 AM
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There is no encryption in Bitcoin
Also, only other sha256 coins like devcoin or namecoin
Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2
Pywallet: instructions. Encrypted wallet support, export/import keys/addresses, backup wallets, export/import CSV data from/into wallet, merge wallets, delete/import addresses and transactions, recover altcoins sent to bitcoin addresses, sign/verify messages and files with Bitcoin addresses, recover deleted wallets, etc.
boed (OP)
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July 08, 2013, 10:41:43 AM
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Quote from: jackjack on July 08, 2013, 10:25:59 AM
There is no encryption in Bitcoin
Also, only other sha256 coins like devcoin or namecoin

Ah, thanks! I will look up both of them.
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