2015 the end of normal scrypt mining with GPU's?

[Dallas5]

With 250, 16, 100 MHs, .. scrypt asics being released this year the difficulty of normal scrypt coins like litecoin, USDECoin, leafcoin and many others will skyrocket. Early big asic adopters will have massive profits followed by a sharp decline to a normal profit when the diff increases.

How will it affect the scrypt altcoin prices?

It's not all bad, at least not for scrypt GPU miners, graphic cards, unlike those one purpose block erupter, can still be sold to gamers.
Scrypt asics make it easy for non tech savy user to start mining at a decent rate without building a huge gpu farm.
There are other scrypt asic resistent algorithms out there for coins and many coins will adopt these.

Will you be an earlier adopter of high hashrate scrypt asics or stick to GPU mining?

[Burninj]

Scrypt asics will never be profitable, because none of scrypt coins will ever reach price of bitcoin.

[relm9]

Buying scrypt  ASICs are a huge risk if you ask me, community support will gravitate to the coins that everyone can mine without investing in specialized hardware. I do not believe Litecoin would be where it is now if it was not ASIC resistant when first released.

My feeling is that the value of scrypt coins will continue to decline as ASICs become more prevalent, coins with ASIC resistant algos will grow as will pure PoS coins. Litecoin will survive as it has a good base already and has been around for awhile, but the difficulty will get so high it'll just be another Bitcoin situation, where miners barely break even on USD terms and don't make the LTC they spent back.

GPU it is for me.

[kelsey]

Scrypt asics will never be profitable, because none of scrypt coins will ever reach price of bitcoin.

Nevermind the fact that the also's will change to hinder ASICS.


~BCX~

yes and if coin developers can keep on that then be unprofitable to keep up or even to attempt to. to the earlier statement though I do think its possible for ltc at one stage to be above btc current price.

[kalus]

Buying scrypt  ASICs are a huge risk if you ask me, community support will gravitate to the coins that everyone can mine without investing in specialized hardware. I do not believe Litecoin would be where it is now if it was not ASIC resistant when first released.

Aren't alternate algorithms favouring GPUs more a miner's incentive rather than a speculator/investor?  why would the market notice if the vertcoin came from gpu, or the litecoin came from asic?  a coin, is a coin, is a coin.  i doubt the general dogecoin using public know or understand the implications of "block halving" either, but it sure had miners rigid.  

I'm interested because i continue to mine vertcoin, but am concerned its blockchain will be vulnerable to attack when it is woth more. I don't think i'll be running my GPU farm forever due to the sheer cost of electricity, and i am beginning to realize people won't keep those gpu's running forever.  a 275khash 6850 uses 200w, and a gridseed uses 7w.

[chosetime]

LTC could possibly stay scrypt and other coins merge mine with it i guess. LTC miners the big ones anyway are probably more established and have access to pots of cash for asics.

[kalus]

Personally, I prefer to use gpu.

i'd rather pay for an asic's power bills.

the knc titan supposedly uses a single ~1000w for 250mh.  how many video cards, cpu, memory, usb drives, risers, shelves, and HVAC would you need for 250mh?

[relm9]

Buying scrypt  ASICs are a huge risk if you ask me, community support will gravitate to the coins that everyone can mine without investing in specialized hardware. I do not believe Litecoin would be where it is now if it was not ASIC resistant when first released.

Aren't alternate algorithms favouring GPUs more a miner's incentive rather than a speculator/investor?  why would the market notice if the vertcoin came from gpu, or the litecoin came from asic?  a coin, is a coin, is a coin.  i doubt the general dogecoin using public know or understand the implications of "block halving" either, but it sure had miners rigid.  

I'm interested because i continue to mine vertcoin, but am concerned its blockchain will be vulnerable to attack when it is woth more. I don't think i'll be running my GPU farm forever due to the sheer cost of electricity, and i am beginning to realize people won't keep those gpu's running forever.  a 275khash 6850 uses 200w, and a gridseed uses 7w.

The market doesn't care about the algorithm (mostly, there a few cases like Primecoin where it drove initial growth), but it does care if a lot of people are using/backing the coin. Word of mouth is crucial in the early stages. There are a lot of GPU miners out there that will start to just ignore scrypt coins once ASICs are more commonplace. Has there been a truly successful SHA-256 coin since ASIC usage became widespread? A quick glance at Coinmarketcap tells me no.

I'm not saying the miners hold all the power, but in regards to PoW-based coins they sure do early on in a coin's lifecycle.

[atp1916]

Some mighty cheap 7950s on Fleabay!

Now is not the time to be buying one trick ponies when the game is changing.

[hellscabane]

I actually do think that the end of normal scrypt mining with GPUs are at hand. I think the scrypt mining scene will definitely be turned over to ASICs. However, I don't think that will be the end of the GPU mining scene. I personally see GPUs being the gateway of new potential hashing algorithms as more time passes on. Of course, that'd only likely last until the number of new algorithms and coins get to the point where they are much too proliferated and numerous.

[Coinmin]

But lately there is much number of ASIC-protected coins. So that GPU also has a future

[InsertUsernameHere]

Buying scrypt  ASICs are a huge risk if you ask me, community support will gravitate to the coins that everyone can mine without investing in specialized hardware. I do not believe Litecoin would be where it is now if it was not ASIC resistant when first released.

My feeling is that the value of scrypt coins will continue to decline as ASICs become more prevalent, coins with ASIC resistant algos will grow as will pure PoS coins. Litecoin will survive as it has a good base already and has been around for awhile, but the difficulty will get so high it'll just be another Bitcoin situation, where miners barely break even on USD terms and don't make the LTC they spent back.

GPU it is for me.

I don't think Scrypt ASIC's will be too profitable, as soon as people get their hands on them, mining with them will be profitable for a short while before the difficulty retargets and then it will be a situation like Bitcoin all over again.

[atp1916]

If i wasn't completely out of room to add more rigs, i would totally build another 7950 rig.  

5 7950s for ~$1250? Sign me up!

[Dallas5]

I actually do think that the end of normal scrypt mining with GPUs are at hand. I think the scrypt mining scene will definitely be turned over to ASICs. However, I don't think that will be the end of the GPU mining scene. I personally see GPUs being the gateway of new potential hashing algorithms as more time passes on. Of course, that'd only likely last until the number of new algorithms and coins get to the point where they are much too proliferated and numerous.

I agree, I think we're all forgetting that it won't be long before new graphics cards will arrive capable of higher hash and frame rates. GPU's are more flexible and can be used for other things then mining.

[pc52013141234]

Yeah ...it is very soon

[dspair]

More like 2014.

[Amph]

Personally, I prefer to use gpu.

i'd rather pay for an asic's power bills.

the knc titan supposedly uses a single ~1000w for 250mh.  how many video cards, cpu, memory, usb drives, risers, shelves, and HVAC would you need for 250mh?

it's not about how many hash you have, but more about what is the hash of the other miners, compared to your

having 250MH when everyone have also the same amount is pretty pointless

[NuSalvo]

Scrypt will fade away, Litecoin will stay but the difficulty will just keep being pushed higher due to the sheer amount of ASICs (KNC and Gridseed are the only 2 I believe will actually/have made product.  I believe KNC is using any prototype(s) now while still very profitable). 

People will scoop up DOGE by the boatload just because it still has some value, but not for long.

ASIC resistant coins are the way to go.  Bitcoin started with the techies, and ultimately will end with them.

[atp1916]

Vanilla Scrypt is 3 years old.

Out with the old, in with the new.

[IloveAnonCoin]

You can use GPU to mine Scrypt-N like Vertcoin, Pandacoin, etc