Scrypt mining is dead

[Kevin Lou]

Yes. I agree. Pos is the trend.

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[Thusith]

No. I disagree. Scrypt will live for at least 1 year.

[scottlilo]

hmm. Talks of Nvidia miner for x11 algo?

Please give mee !

I'll never mine another scrypt coin again. The companies making these ASIC are already flooding the market. That's why every single Scrypt coin is down... Manufacturers mine the coin and sell off a good amount and then profit even more when selling the chip to customers... It's a pity.

That's why Drk coin has been relatively stable, miners must have GPU to mine the coin. So profitabilty is equal across the table..

If manufacturers have ASIC and we have GPU then for the next month the profitability of them dumping every coin they have will be off the charts.

That's Why I'm mining Hiro now and will not stop for quite a while.

I imagine when other miners realize the damaging effects of flooding markets with coins mined via ASIC, They will switch to other Algo's as well.

Fact is : Scrypt-N and scrypt-jane are better... But no where near as efficient as X11. Miners will enjoy the extra power savings, and savings on the air conditioing during the summer.

[Joerii]

hmm. Talks of Nvidia miner for x11 algo?

Please give mee !

Does anybody know more about this ?

[HiroS]

hmm. Talks of Nvidia miner for x11 algo?

Please give mee !

Does anybody know more about this ?

Good point. nVidia mining is getting a good look in now with their new architecture. I am happy to give anyone who can get a working Cuda miner for 20,000 Hirocoin in the next month.

By the way, I have to say, Scrypt mining is not dead, only that GPU Scrypt mining is soon to be over due to professional Scrypt miners. I wondered if people were really going to invest in them but the $2m pre-order for KNc alone is enough to prove it. Anyway, I'm sure this is what Joerii meant by the title 

[Joerii]

By the way, I have to say, Scrypt mining is not dead, only that GPU Scrypt mining is soon to be over due to professional Scrypt miners. I wondered if people were really going to invest in them but the $2m pre-order for KNc alone is enough to prove it. Anyway, I'm sure this is what Joerii meant by the title 

I exaggerated to get more views, I must confess Nothing like a little provocation to get replies.

[binaryclock]

Nscrypt will be fine.

More FUD please.

[El Dude]

only strong scrypt coins will survive eg. Litecoin

[Fastpow]

Loving Hirocoin atm. Especially awesome because i'm living in the Netherlands where it's 0,24/kwh

[Loreto]

Looks interesting. You've got some nice ideas so I'll be watching this one.

But just a thought, Litecoin was originally supposed to be CPU mined only, yet someone managed to get GPU's working for it. Litecoin was also supposed to be ASIC resistant, but look whats happening now. Who's to say that won't happen for Hirocoin?

'cause no one need this coins, lol. This is the best ASIC resist ever.

[stokecrypto]

DARKCOIN is the coin to mine not HIRO.

scrypt coins like litecoin will just be the same as SHA coins, big asic farms, stuck with old technology. people buying asic now will never make a return

gpu miners get the future technology, the better algorithms.

anyone still mining scrypt on gpu is mad,

to mine darkcoin and have cooler gpu and make 60% extra profit due to less electric overheads is a win win.

[ymer]

DARKCOIN is the coin to mine not HIRO.

scrypt coins like litecoin will just be the same as SHA coins, big asic farms, stuck with old technology. people buying asic now will never make a return

gpu miners get the future technology, the better algorithms.

anyone still mining scrypt on gpu is mad,

to mine darkcoin and have cooler gpu and make 60% extra profit due to less electric overheads is a win win.

+1

Hiro is a pathetic instamine pump and dump

Darkcoin FTW

[Joerii]

DARKCOIN is the coin to mine not HIRO.

scrypt coins like litecoin will just be the same as SHA coins, big asic farms, stuck with old technology. people buying asic now will never make a return

gpu miners get the future technology, the better algorithms.

anyone still mining scrypt on gpu is mad,

to mine darkcoin and have cooler gpu and make 60% extra profit due to less electric overheads is a win win.

Actually they both use X11 and are both excellent coins with long term potential.

[crazyivan]

Well this looks nice but the main problem is that none of these new algorithms has got at one place GPU mining settings. I have 5 different models of cards in my rigs, Asus 280x, Asus 270x, Sapphire 7970, Sapphire 280x Dual X and Gigabyte 280x. Setting up each of these rigs separately and tuning them up for X11, scrpyt N, scrpyt J etc. is the main reason why I have not tried any of these. Do you plan any kind of help regarding this issue?

[Nxtblg]

Anyway, take a look at part of hirocoin's sales pitch:

Fully Featured Development...

URL Support - You can put Hirocoin links into your webpage, when users click on them Hirocoin will open with address, amount and label automatically populated.

What "fully featured development" did they do? All these features exist in bitcoin core 0.8.6.2, and X11 is a rip from darkcoin.

Is there documentation for the URL support feature somewhere? Thanks.

[MaGNeT]

Well this looks nice but the main problem is that none of these new algorithms has got at one place GPU mining settings. I have 5 different models of cards in my rigs, Asus 280x, Asus 270x, Sapphire 7970, Sapphire 280x Dual X and Gigabyte 280x. Setting up each of these rigs separately and tuning them up for X11, scrpyt N, scrpyt J etc. is the main reason why I have not tried any of these. Do you plan any kind of help regarding this issue?

Tuning for X11 was easy.
I use "sgminer -k darkcoin" with exactly the same parameters as scrypt and my HD5870's, HD7950's, R9 290's and R9 290x cards run just fine. Found out they need less power and less cooling, so lowered the fanspeed a bit.

[peteycamey]

Scrypt mining is dead

for gpu owners yes

for asic owners no

[MaGNeT]

Joerii, I have to admit you are right. Scrypt mining will be dead in just a few months.

KNC just announced their Titan Scrypt ASIC will hash at 250Mhash/s instead of the promised 100Mhash/s.  

I ordered one for fun a few days ago, imagine what it would do with a small Scrypt coin that hasn't got a diff algo like KGW implemented? Instant death...

For Scrypt coins, there's only one conclusion: GPU mining is over.

Imagine: 250Mhash/s at 800-2000 Watt (isn't sure yet)...

That's the power of 600x HD5870 cards, 350 HD7970 or 275x R9 290X cards in a small box.

[PeaMine]

I'm sick as a GPU owner, but isn't this around the time Bitcoin 10x in price?
More big money investments = higher coin value.
Maybe LTC will be hitting triple digits?

[MaGNeT]

This is what will happen when the market is flooded with scrypt ASIC's.
It's the reason why algo's like X11 will be sole survivors in just a few months from now:

http://cnc.blocksolved.com/index.php?page=statistics&action=pool