2015 the end of normal scrypt mining with GPU's? - page 2.

kelsey

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Quote from: ?? on ??

Quote from: Burninj on March 28, 2014, 06:43:09 PM

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.

relm9

hero member

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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.

Burninj

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

Dallas5

sr. member

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Merit: 250

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?

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