SHA 256 vs Scrypt

[precrime3]

Just gathering data, building a rig and not deciding whether to get some Bitcoin ASICS (which im assuming you can reconfigure to other sha coins) or do a scrypt rig. Thanks!

[bl8cz]

Just gathering data, building a rig and not deciding whether to get some Bitcoin ASICS (which im assuming you can reconfigure to other sha coins) or do a scrypt rig. Thanks!

I'd recommend Scrypt and follow coinwarz/coinchoose to mine the most profitable coin. If want quick profit use trademybit or similar pools.

[Sonny]

If you are talking about mining profitability, scrypt is definitely the winner now.

[Victoo]

+1 for Script. SHA 256 coins are very hard to mine these days.

[Omikifuse]

Just gathering data, building a rig and not deciding whether to get some Bitcoin ASICS (which im assuming you can reconfigure to other sha coins) or do a scrypt rig. Thanks!

none, scrypt is about to go unprofitable too..

[tromp]

I vote Cuckoo Cycle:-)

[triwebb1]

SHA is ok if you get ASICs, but scrypt is much more profitable right now if you don't have ASICs.  CPU only coins might catch on though, and if they do, you might just want lots of CPUs

[jacky4566]

If a CPU mining only coin came out someone with a supercomputer would just blow up the difficulty. Id assume it would be hard to make a cpu limited coin?
You might be able to by making the hashing algorithm use some set of instructions that a GPU couldnt do? even still an ASIC can always be made too.

[tromp]

If a CPU mining only coin came out someone with a supercomputer would just blow up the difficulty. Id assume it would be hard to make a cpu limited coin?
You might be able to by making the hashing algorithm use some set of instructions that a GPU couldnt do? even still an ASIC can always be made too.

You might want to read up on https://github.com/tromp/cuckoo

[Radelderth]

CPU mining should be the best now, since you can't find any info about ASICS replacing CPU

[Jupiter1]

with this you do these two things together


http://s28.postimg.org/ounzx6gft/image.jpg

http://s28.postimg.org/3whtz3gl5/image.jpg

http://s28.postimg.org/julhs44hl/image.jpg

[lajz99]

with this you do these two things together

Yep, if you want to waste energy.  Those are absolutely NOT worth SHA mining with...you'll get far better results using them for scrypt only.

[Jayjay04]

http://scrypt.cc?ref=baars

Could mining site here, scrypt hashes but payment in BTC every 10 mins, if you cannot decide hehe

[JJKirsch]

+1 for Scrypt ! The reason is that it is more profitable right now.

[waldox]

scrypt (dogecoin http://dogecoin.com) or scrypt-N (vertcoin  http://vertcoin.org)
both are quite profitable with GPUs and relatively price stable at the moment,
ignore wolong's pandacoin, its premined

[stg44]

only scrypt, for sha 256 you need to invest a lot of $$$
http://www.coinwarz.com/cryptocurrency

[beegatewood]

in few months time, both will be unprofitable..

[AnonyMint]

Bitcoin Take Over Threats

• 51% attack because mining is ASICs concentrated and ASICs foundries could be purchased with unlimited fiat. Note also ASICs can't be re-purposed as PCs can, i.e. each ASIC only works for a specific coin design.

Meaning the CPU-only coins are a more flexible investment. Your hardware is resalable to the general PC market too.

Note Scrypt is not cpu-only.

Cuckoo is also not cpu-only, it is memory-only.

[vnvizow]

We should just hand SHA256 mining to large companies, it's even more profitable to invest in cloud hashing so why not?

[precrime3]

Actually i though scrypt asics could mine on alt coins, as long as they are scrypt and are not scrypt jane or have an N factor. Was i wrong? Thats what interested me in scrypt ASIcS, because if LTC becomes unprofitable (reaching that point) then you could point those same asics at some altcoins, or use a profit switcher pool; so they have life beyond that where SHA is stuck to bitcoin, and maybe like namecoin (if im correct)