Bitcoin Forum
February 05, 2023, 09:37:40 PM *
News: Latest Bitcoin Core release: 24.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: What are the disadvantage and advantage?  (Read 971 times)
BTC-TMXSTAR (OP)
Full Member
***
Offline Offline

Activity: 224
Merit: 100


View Profile
December 02, 2014, 11:08:42 PM
 #1

Hi forumers!

What are Scrypt mining?
i found many coins like Doge,Lite,Onecoin,Dark,feather and more...

What are the advantage of Scrypt mining than Bitcoin mining?


Sorry for my BAD English Sad

Thanks advance
and
God Bless!!!!!
Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1675633060
Hero Member
*
Offline Offline

Posts: 1675633060

View Profile Personal Message (Offline)

Ignore
1675633060
Reply with quote  #2

1675633060
Report to moderator
1675633060
Hero Member
*
Offline Offline

Posts: 1675633060

View Profile Personal Message (Offline)

Ignore
1675633060
Reply with quote  #2

1675633060
Report to moderator
hexafraction
Sr. Member
****
Offline Offline

Activity: 392
Merit: 253

Tips welcomed: 1CF4GhXX1RhCaGzWztgE1YZZUcSpoqTbsJ


View Profile
December 02, 2014, 11:37:20 PM
 #2

Scrypt and SHA are two distinct mathematical (cryptographic) puzzles that a miner would try to solve. They require either a different program on a computer, or a different chip on an ASIC.

Scrypt used to be ASIC-resistant as only computer programs and no ASICs existed for it, but at this point, ASICs have been created for it, so that benefit has been lost. There are still algorithms out there such as NIST5, x11, x13 (IIRC) that do not have ASIC implementations and so are a bit "easier" to mine on a CPU/GPU.

I have recently become active again after a long period of inactivity. Cryptographic proof that my account has not been compromised is available.
nwfella
Legendary
*
Offline Offline

Activity: 1568
Merit: 1000


Well hello there!


View Profile
December 02, 2014, 11:58:36 PM
 #3

Hi forumers!

What are Scrypt mining?
i found many coins like Doge,Lite,Onecoin,Dark,feather and more...

What are the advantage of Scrypt mining than Bitcoin mining?


Sorry for my BAD English Sad

Thanks advance
and
God Bless!!!!!
Scrypt Mining
---------------
Disadvantages:
  1.) Avg. cost per hash is much more expensive for scrypt-asic devices.
  2.) Lower hash rates by volume, and electricity used per hash.
  3.) Lousy resell value

Advantages:
  1.) Ability to mine any Scrypt-based coin (ltc, doge, etc.)

Bitcoin (sha-256) mining
----------------------------
Disadvantages:
  1.) Horrendous resell value
  2.) Higher hash rate vs scrypt by volume, and electricity used per hash
  3.) Much higher difficulty on bitcoin network (fewer coins per GH)

Advantages:
  1.) Ability to mine bitcoin
  2.) Higher hash rates by volume, and electricity consumed per hash

¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿

Gimme the crypto!!
notlist3d
Legendary
*
Offline Offline

Activity: 1456
Merit: 1000



View Profile
December 03, 2014, 12:26:14 AM
 #4

For someone new bitcoin is easier to mine.  Easier to do a lot of the calculations.

Scrypt offers far more coins, but I would say is more difficult.  It is not quite as set it and forget as bitcoin mining.
hexafraction
Sr. Member
****
Offline Offline

Activity: 392
Merit: 253

Tips welcomed: 1CF4GhXX1RhCaGzWztgE1YZZUcSpoqTbsJ


View Profile
December 03, 2014, 12:38:45 AM
 #5


  2.) Lower hash rates by volume, and electricity used per hash.


Not necessarily a disadvantage; if all scrypt miners have lower hashrate per unit cost, then it means that difficulty would be somewhat lower as well.

I have recently become active again after a long period of inactivity. Cryptographic proof that my account has not been compromised is available.
Soappa
Hero Member
*****
Offline Offline

Activity: 569
Merit: 500



View Profile
December 03, 2014, 02:36:23 AM
 #6

AFAIK, those developed LTC chose to use scrypt algo because it is memory-intensive and was GPU-resistant at the time GPU was used in bitcoin mining. Of course nowadays, ASICs are the norm for mining coins of sha256 and scrypt algo.

MaxDZ8
Hero Member
*****
Offline Offline

Activity: 672
Merit: 500



View Profile
December 03, 2014, 06:04:54 PM
 #7

What are the advantage of Scrypt mining than Bitcoin mining?
None!

In the beginning, Scrypt was designed to be CPU-only or CPU-mostly. When it comes to cryptocurrency, it promised to be resistant to ASIC and therefore to stay distributed and minable by everyone. Because scrypt is so much more complex, it took them a while, but in the end ASICs emerged and wiped the floor with everyone else.

Nowadays, SHA and Scrypt are basically the same thing as far as you are concerned: you cannot mine them effectively with your computer.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!