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Author Topic: All scryptcoin will die if they do not move to anti-asic algos  (Read 504 times)
Coinler
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June 27, 2014, 08:13:41 AM
 #1

the reason litecoin and other scryptcoins are totally unprofitable can be blamed on mass amounts of btc extraction from powerful hashing processors. you can bet your last buck that dogecoin.. litecoin and all are suffering now.. due to owners of these companies using their gear to mine before offering it up for sale to the public. not even 5mh asics can compete anymore and are a waste of money.

http://minerdesk.com/vaultbreaker-the-worlds-first-500mhs-scrypt-miner/


just can u imagine someone building these and mining with a small farm of 10 or say 20? every scrypt compatible stock will crash as they greedily and selfishly cashout. crypto will have to move away from scrypt algo and create new coins which are antiasic capable for their stocks to thrive on the markets.

what will happen??
well eventually all the asic minable coins will be made bare of investment and die and the asics will have nothing to mine. meaning they will have to create more asic minable coins to pillage with.

for every algorithm that is compromised by asics.. gpus will no longer get a fair share and distribution will be horribly lopsided to those with the power houses.

i possess the only solution that will allow both types of technology to thrive for many years to come. a currency with a detailed roadmap towards worldwide adoption. it consists of the most powerfully fair distribution process i could think of to date. and is legions ahead of the thinking of today's cryptocoin makers of which the majority are just made by dev's copy and pasting code for a quick buck.

if you want to be part of something truly special, unique, innovative and future proof. please click the link in my signature and consider participating in my project.
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platorin
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June 28, 2014, 12:48:18 PM
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Well it didn't crash Bitcoin, did it? I'd say litecoin will for sure survive and adopt, problably for it's best. But new coins or those so called altcoin-shits will definitely die.

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June 28, 2014, 02:41:09 PM
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quite the opposite, CPU - GPU laid the foundation for crypto, they will be replaced the same way 56k dialup modems were replaced with ADSL.

If you are against this then you essentially give AMD corporation who creates the GPU chips to monopolize the mining equipment market in the future without effort, you just give that power to them for free.

Hell they can always attack any GPU coin whenever they wish if one day they think its worthed, with ASICs comes innovation and race for faster cheaper hardware thus more secure networks.
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June 28, 2014, 02:45:52 PM
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False.

The reason it's unprofitable is because Litecoin doesn't focus on anything really. If it was a daily use currency with people using it as money, it's value would be increasing keeping, or making, mining profitable.

If each LTC was worth $20+, you would not be saying this.

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June 29, 2014, 03:00:19 PM
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Mineral coin did come up with an interesting idea, by simply limiting the hashrate that each individual could use.
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