[POLL] Would you support a Litecoin [LTC] to X11 algorithm hardfork?

[SpeedDemon13]

Instead of just copying what quark and other coins have done, I think there should be long term strategic change in the hashing mechanism to make it truly ASIC and bot-net resistant.

We can't just keep hardforking Litecoin again in the future when people start building ASICS for X11.

It will be quite a while before someone figures out a ASIC for X11 or any multi-algo. ASIC's also aren't good with high memory constraint and multi-algos at the moment. ASIC seem to be more efficient with low memory and single algos.

People copy ideas from everybody eventually, it's improving on the idea that is important, ie. cars, etc.....

Evolution and adaptation is important in everything in life, same with cryptos.

I fully back the idea of the hard fork.

[IloveAnonCoin]

Instead of just copying what quark and other coins have done, I think there should be long term strategic change in the hashing mechanism to make it truly ASIC and bot-net resistant.

We can't just keep hardforking Litecoin again in the future when people start building ASICS for X11.

It will be quite a while before someone figures out a ASIC for X11 or any multi-algo. ASIC's also aren't good with high memory constraint and multi-algos at the moment. ASIC seem to be more efficient with low memory and single algos.

People copy ideas from everybody eventually, it's improving on the idea that is important, ie. cars, etc.....

Evolution and adaptation is important in everything in life, same with cryptos.

I fully back the idea of the hard fork.

The problem is every algorithm in X11 are able to create by ASIC since day one, and it is not high memory constraint like Scrypt.
Here is my thread : https://bitcointalk.org/index.php?topic=540160.0

[fenghush]

That fact was echoed by me and many other people including the LTC devs, they just don't care.

The problem is every algorithm in X11 are able to create by ASIC since day one, and it is not high memory constraint like Scrypt.
Here is my thread : https://bitcointalk.org/index.php?topic=540160.0

[SpeedDemon13]

In reality, everything can be eventually ASIC mined eventually. But I have not heard anyone taking anything with more than one algo in an ASIC project, I could be wrong, but I'm human. I meant by high memory constraints,  I meant higher than what Scrypt requires.

[reverse02]

it's simply a question of STAYING REAL or SELLING OUT

[IloveAnonCoin]

That fact was echoed by me and many other people including the LTC devs, they just don't care.

The problem is every algorithm in X11 are able to create by ASIC since day one, and it is not high memory constraint like Scrypt.
Here is my thread : https://bitcointalk.org/index.php?topic=540160.0

I think they just choose to ignore.

[markm]

Just teach those ASIC-lovers a lesson by dumping all your litecoins to buy X11 coins and go mine an X11 coin...

By dumping their stupid old ASIC-prone litecoin you'll drive its price way down, right, since you have such a massive stake in litecoin?

If you don't have a massive stake in litecoin but do in GPUs, maybe an X11 coin is right for you but litecoin isn't it.

Also if X11 is the new king of coins, you'll make so much riches from whatever X11 coin you all pick, or the entire family of merged mined X11 coins, that you will be able to build your own FABs and flood the world with cheap free open source ASICs, so that ASIC is as easy for anyone to get as GPU.

You can even give them away in cereal boxes!

No one can monopolise ASICs once you make open source ones! The problem is the stupid "intellectual property" crap around FABs, not ASIC in principle per se.

-MarkM-

[Glorthoron]

We need this hardfork! No ASICS for litecoin! No centraliced mining!

[fenghush]

We need this hardfork! No ASICS for litecoin! No centraliced mining!

Lead the way, oh supreme leader, right to the jaws of ASIC, then we'll just hardfork it again right, best idea ever!

Just that the x11 ASIC wont be with x10 boost like scrypt, it will be x1000 and the more expensive ones probably within couple of TH.

[dragonhunter]

We need this hardfork! No ASICS for litecoin! No centraliced mining!

Lead the way, oh supreme leader, right to the jaws of ASIC, then we'll just hardfork it again right, best idea ever!

Just that the x11 ASIC wont be with x10 boost like scrypt, it will be x1000 and the more expensive ones probably within couple of TH.

I doubt he understands cons and pros of ASICs and hardfork, and what damage hardfork might bring to LTC.

[HCLivess]

https://litecointalk.org/index.php?topic=18166.0

[superresistant]

https://litecointalk.org/index.php?topic=18166.0

You forgot to link Coblee's & friends ASIC mining farm :

https://ecent.charityminingpools.com/index.php?page=statistics&action=pool

1  258208 KH/S

Now that's an argument for them to keep scrypt.

[MaGNeT]

https://litecointalk.org/index.php?topic=18166.0

You forgot to link Coblee's & friends ASIC mining farm :

https://ecent.charityminingpools.com/index.php?page=statistics&action=pool

1  258,208    25,580,340.331    340,755,713 USD/DAY

Now that's an argument.

Yup, that's me. Looking forward to my KnCMiner Titans


https://ecent.charityminingpools.com/index.php?page=statistics&action=pool

[Beeker]

Democracy on Litecointalk.org? Lock the topic when unwanted voices are heard:

https://litecointalk.org/index.php?topic=18166.135

[n2rovert]

https://litecointalk.org/index.php?topic=18166.0

You forgot to link Coblee's & friends ASIC mining farm :

https://ecent.charityminingpools.com/index.php?page=statistics&action=pool

1  258,208    25,580,340.331    340,755,713 USD/DAY

Now that's an argument.

Yup, that's me. Looking forward to my KnCMiner Titans


https://ecent.charityminingpools.com/index.php?page=statistics&action=pool

http://picadump.com/pictures/bitcoin/asic.png




http://picadump.com/pictures/bitcoin/chn.png




http://picadump.com/pictures/bitcoin/blitz.png

Wow, can we see pics of your mining warehouse?...