ASICs are coming soon. Time to start supporting X11 coins?

[wtman]

I think exchanges should move atleast half of their focus towards strong X11 coins that have a nice community and a committed dev.

Why wait until the day when ASICs destroy traders' confidence in scrypt coins? Why not cut down on your risk and start supporting some good X11 coins? This does make sense if you leave the fear and hate aside for a bit.

[Rofo]

This does make sense if you leave the fear and hate aside for a bit.

There is no fear and hate from many of us towards ASICs. You do realise even your precious X11 creator embraces ASICs for X11? He just wanted to give the algorithm a couple of years free of them first, just like scrypt has done.

[cozk]

X11 is already mined with FPGA in china.

I wouldnt mine this with my GPU knowing im getting fucked by chinese.

[dasource]

X11 is already mined with FPGA in china.

I wouldnt mine this with my GPU knowing im getting fucked by chinese.

If you are going to make a claim like that then you need to back it up.

[cozk]

X11 is already mined with FPGA in china.

I wouldnt mine this with my GPU knowing im getting fucked by chinese.

If you are going to make a claim like that then you need to back it up.

Read on the forum some people are talking about it.

Not really my claim. I do believe its happening.

[tromp]

Not really my claim. I do believe its happening.

It is to be expected.

Make a new proof-of-work by throwing a bunch of ASIC-friendly hash-functions together
=> expect to resist ASICs for a few years
=> expect to resist FPGAs for a few months
=> expect to resist GPUs for a few weeks

Better to have true resistance by requiring hundreds of MB of memory...