Hey devs - what's your opinion on ASIC's?
would you be willing to move to scrypt-n or something to combat them?
Personally i like them for their energy efficiency... but on the other hand, if the coins i like are going to go to a 'better' algo...
Answered (somewhat) on the previous page.
ahh thanks!
i hope the devs reconsider scrypt-n... they're completely wrong about POTENTIALLY how big an effect ASIC's could have on scrypt, if they're actually as effective as creators say they are.
Aircoin Team -- Scrypt ASIC miners are right around the corner... they launch in quarter 2 or quarter 3 which means that the companies are probably running them right now before public release. Something must be done, Will the team change alorithm's within the coin ? Is this possible ?
We're both looking into different algorithms and their methods of implementation, as well as difficulty adjustments.
Since we have mechanisms involved to deal with inflation through the market, the effect of ASICs on a coin's exchange rate doesn't bother us very much at all. However, it can mean that only those with the budget and technology for ASIC miners would be able to mine the coin, forcing others to use an exchange.
The major problem with ASICs is the dispersion rate, as the difficulty has to constant adjust itself (and is always falling behind the ever-increasing hashrates) to cause more inflation and blocks to be solved faster than intended. The next problem is with the effect that has on the market, causing even higher short-term inflation that outruns the short-term demand increased caused by those who cannot acquire the hardware (and thus end up buying instead).
But 2 things have changed since SHA-256 ASICs came out:
1. KGW was created, giving a strong defense against both Multipools and ASICs.
2. Methods (such as AIRcoin's investment pool) to counteract inflation have been designed and experimented with.
So unlike the advent of SHA-256 ASICs, we think the effect (both because of the small difference in barrier of entry and the existing methods to counteract ASICs) of Scrypt ASICs will be minimal compared to what ASICs were for SHA-256 coins.
The next wallet version
will have tweaks to the KGW system to take Scrypt ASICs into account.
We've also looked into the various Scrypt ASICs and at current prices, do not see exceptional change like SHA-256 ASICs. This is perhaps because Scrypt ASICs are far more complex and expensive for the same capabilities, but also because they are not far away from existing GPU performance, and their benefit has less to do with barrier of entry (which is where GPUs have had a huge advantage thus far, since they were ubiquitous in their use and always available in their supply) and more do with the cost of electricity.
you're pretty wrong @ that last bit especially... the upcoming scrypt asic's are at best 5 times better value than the best value GPU setup (at worst, roughly 2x better) THAT DOESN'T account for the actual computer hardware.. so 6-7x better.. as well as 10x as power efficient per kh.
and they're not complex or expensive..
http://coinjoint.info/scrypt-asics/they take an ATX power supply like a computer... you will be able to get 100MH for $10k (CHEAP), and basically plug-and-play it. easier than setting up a GPU rig and configuring a miner!!!!
and as said, they're YEARS ahead of GPU's in scrypt performance.
scrypt is going to be annihilated by ASIC's... so basically right now, i either look at selling my GPU's and getting ASIC's, or keeping them and only mining scypt-n/jane.
also, KGW is apparently not good any more... darkcoins system or digishield is suggested to look at now.
KGW doesn't defend from ASIC's at all, just keeps difficulty ACCURATE and prevents instamining.
so basically.. when ASIC's come out, i stop mining scrypt coins as they become unprofitable.. all GPU's move to scrypt-n to keep it viable.
Aircoin Team -- Scrypt ASIC miners are right around the corner... they launch in quarter 2 or quarter 3 which means that the companies are probably running them right now before public release. Something must be done, Will the team change alorithm's within the coin ? Is this possible ?
Scrypt ASIC's have been out for almost a month... (Gridseed and variants)
They are not like sha-256 ASIC's. They cost a hell of a lot for the same hash-rate. (It is cheaper to get any sha-256 ASIC, mine BTC, and buy the alt-coins directly. scrypt-ASIC's are years away from being worth purchasing, unless scrypt-values rise. So, again, not a threat. Long-term, they are not worth it, though they save power... New ASIC's that don't rape your wallet, are around the corner. Still, those are not as valuable as the sha-256 ASIC's. FYI those gridseeds only cost about $5.00 to make. Tell me who is winning that war. He buys 10 for every 1 you buy from him, and pockets the rest. You will never be more than him, on any market.
)
(Not promoting this site, just showing it.)
http://hashra.com/gridseed-3-mh-s-scrypt-sha-miner-including-psu-accessories/As far as I know, the 50MHs and 100MHs and 300MHs sites are all fake "give me a loan, we want to try and make a miner" sites... Most have been shown, hands down, to be flat-out scams. The ones that are not, are still not worth the money. It is still cheaper to buy coins for gains, then it is to mine, for almost any coin.
However, mining + buying, together, allows you to manipulate the market by hash-rate and value.
AIR needs more miners at the moment. You want that diff to rise. If it falls, enough for you to "cash-out NOW", you will cash-out now, and cause it to drop more. Obviously, that is the majority of any new coin that starts. It is a hurdle for every coin. One that AIR has already thwarted on one step, and will continue to do. (Unlike AUR and DOGE and MEOW and all the other coins that were purposely pumped to create bag-holders.)
Seriously, if you are complaining only one week into the launch on an exchange... You have already identified yourself as one of those who do that. Sorry that your diabolical plans of value-rape and pumps are failing.
One year... that is what EVERYONE should be holding for. You mine steady all year, then you can complain if the end of the year has lower returns. (I mined coins all last year, which my estimates were $3.00-$5.00 a day per miner-rig. At the end of the year, the estimates jumped up to $39-$58 per day, per rig. When I cashed those out, it was as if I had earned those values, all year long. THAT is how you mine. THAT is your goal.)
AIR has that ability. I don't know any other coin that does, besides BTC and LTC, which is being manipulated by the big investors. (AUR could have been, if it wasn't controlled by a bank that failed holding money. What did everyone think would happen. They failed as a bank, now they want to try to control crypto. lol. Those guys will scam everyone out of crypto, like they scammed their money-holders.)
yeah what?'
getting an SHA-2 ASIC and mining BTC will **NEVER** pay off, so you're wrong on your first point..
secondly, a gridseed has about the same hash/$ as a 280x (THE BEST HASH /$), and 5x+ better hash/watt. with gridseed, you can get 3-3.6MH/S for $2150 USD plug and play!!... it costs more like $3k for a 6*280x rig, and uses 5 times the power!
That's $.59/kh for the gridseed vs $.6944/kh for the 280x.. the gridseeds are BETTER VALUE ALREADY than a GPU mining rig
unless air/other good coins move to a more resistant algorithm.... ASIC's are ALREADY worth buying over GPU's in every single way.
the KnC scrypt miner (reputable company) is supposedly 6mo away at worst, and is SUPPOSEDLY 100MH/$10k, so WAY better value than a GPU rig.
as for your last bit... EXACTLY
difficulty will rise, as will coin prices.. coins mined today at $10/day could EASILY be worth $100 a day in 12 months.. $100>$1000 ETC.
i'm holding for probably 24 months if i can
