[ANN] Litecoin - a lite version of Bitcoin. Launched! - page 332.

Fuzzy

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Quote from: Fuzzy on May 31, 2012, 02:09:55 AM

Quote from: Vod on May 30, 2012, 06:09:13 PM

Is there any chance that litecoin can be changed to again be GPU hostile?

I am not a developer by any stretch, but with the coming of FPGAs and ASICs onto the Bitcoin scene, coupled with the reward split, there are going to be a lot of Ex-Bitcoin GPUs floating around, and I bet a fair number will find their way onto the Litecoin Network.

This may be when Litecoin becomes the "silver" to bitcoin, but there are so many assumptions there, the outlook is a complete wash.

However, GPU hostility is impossible to do with Litecoin, as that sort of change would create a whole new chain/network.

Quote from: matthewh3 on June 01, 2012, 03:52:02 PM

Currently every GPU mining BTC is going to made unprofitable within the next twelve months and a lot of those GPU's may move over to LTC mining. Making LTC GPU hostile will keep the difficulty down making it even more friendly to low power devices (mobile phones, RaspberryPi's, ect...) and web-miners.

matthewh3

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Quote from: Fuzzy on June 01, 2012, 03:50:35 PM

Quote from: Brunic on June 01, 2012, 02:42:29 PM

I get around 80KH with my CPUs to mine LTC, I think it's pretty good when you consider the alternative is idle CPU.

If your electricity is free, then yes. OTHERWISE, you're better off taking the money you'd spend on the extra electricity cost of running your CPU at 100%, and buying the LTC that way.

I agree but its very difficult to buy LTC with cash at the moment unless your going via the route of GBP>BTC>LTC.

Cosbycoin

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Quote from: Fuzzy on June 01, 2012, 03:50:35 PM

Quote from: Brunic on June 01, 2012, 02:42:29 PM

I get around 80KH with my CPUs to mine LTC, I think it's pretty good when you consider the alternative is idle CPU.

If your electricity is free, then yes. OTHERWISE, you're better off taking the money you'd spend on the extra electricity cost of running your CPU at 100%, and buying the LTC that way.

I agree with this...but then again adding hashing power to the network helps secure it (even as small as it is now)

matthewh3

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Quote from: crazy_rabbit on June 01, 2012, 12:12:22 PM

I don't really think we need to worry about making LTC GPU hostile. I think as long as a CPU can mine at least SOME coins, then it's okay. For example, remember the BTC web miners that would generate BTC on a website while you browsed? Well GPU mining killed those dead. But because GPU mining isn't such a large increase in power compared to what GPU mining did for bitcoin, you can still at least mine coins with a CPU. Meaning many more applications like web miners, or mobile phone miners, (Raspberry Pi, etc...) can still 'mine' at least something.

I think that makes a big difference.

Currently every GPU mining BTC is going to made unprofitable within the next twelve months and a lot of those GPU's may move over to LTC mining. Making LTC GPU hostile will keep the difficulty down making it even more friendly to low power devices (mobile phones, RaspberryPi's, ect...) and web-miners.

Fuzzy

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Quote from: Brunic on June 01, 2012, 02:42:29 PM

I get around 80KH with my CPUs to mine LTC, I think it's pretty good when you consider the alternative is idle CPU.

If your electricity is free, then yes. OTHERWISE, you're better off taking the money you'd spend on the extra electricity cost of running your CPU at 100%, and buying the LTC that way.

Just some math:

My 2600k eats 100w over idle when mining LTC. That's 2.4 KWrhs per day, and at $0.1 /KWhr that's $0.24 per day. Not very much.

I mine at just under 60 Kh/s, which right now would give you about 60 LTC/day

That's $0.004 per LTC if you mine.

LTC is trading for $0.0025 right now.

Cosbycoin

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Quote from: Fuzzy on June 01, 2012, 02:59:07 AM

Quote from: Cosbycoin on May 31, 2012, 09:55:44 PM

If they both get profitable mining with GPUs will produce less in terms of net profit unless if the price volatility ends up taking the price waaaay higher.

Has anyone really been far even as decided to use even go want to do look more like?

WTF did u just say? Speak in logical sentences please...

Brunic

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Quote from: crazy_rabbit on June 01, 2012, 12:12:22 PM

I don't really think we need to worry about making LTC GPU hostile. I think as long as a CPU can mine at least SOME coins, then it's okay. For example, remember the BTC web miners that would generate BTC on a website while you browsed? Well GPU mining killed those dead. But because GPU mining isn't such a large increase in power compared to what GPU mining did for bitcoin, you can still at least mine coins with a CPU. Meaning many more applications like web miners, or mobile phone miners, (Raspberry Pi, etc...) can still 'mine' at least something.

I think that makes a big difference.

Litecoin is the perfect mining complement to Bitcoin mining. I don't how much rigs are in operation in the world, but each of them have a CPU that's currently idle while the GPU works. Since doing GPU-mining is more profitable and logical with BTC, even if the option is possible with LTC, it's not an interesting option. But since CPU are viable for LTC, all those idle CPU from those rigs can be used to mine LTC. I get around 80KH with my CPUs to mine LTC, I think it's pretty good when you consider the alternative is idle CPU.

crazy_rabbit

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RUM AND CARROTS: A PIRATE LIFE FOR ME

I don't really think we need to worry about making LTC GPU hostile. I think as long as a CPU can mine at least SOME coins, then it's okay. For example, remember the BTC web miners that would generate BTC on a website while you browsed? Well GPU mining killed those dead. But because GPU mining isn't such a large increase in power compared to what GPU mining did for bitcoin, you can still at least mine coins with a CPU. Meaning many more applications like web miners, or mobile phone miners, (Raspberry Pi, etc...) can still 'mine' at least something.

I think that makes a big difference.

Fuzzy

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Quote from: Cosbycoin on May 31, 2012, 09:55:44 PM

If they both get profitable mining with GPUs will produce less in terms of net profit unless if the price volatility ends up taking the price waaaay higher.

Has anyone really been far even as decided to use even go want to do look more like?

kano

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The simple fact is that (at the moment) if you have GPUs and mine for a profit - you don't GPU mine LTC, you GPU mine BTC.
If you want LTC, you still don't GPU mine LTC, you GPU mine BTC and then buy LTC (also boosting the price of LTC)

If you have another reason for GPU mining LTC ... well ... what is it?

Cosbycoin

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Quote from: Fuzzy on May 31, 2012, 09:41:14 PM

Quote from: Cosbycoin on May 31, 2012, 09:02:30 PM

Quote from: Fuzzy on May 31, 2012, 06:47:39 PM

Quote from: pooler on May 31, 2012, 04:49:02 PM

Typically on a high-end CPU you get about 20 MH/s on Bitcoin, or about 40 kH/s on Litecoin.
On a high-end GPU you can get about 400 MH/s on Bitcoin, or about 400 kH/s on Litecoin.

This is closer to the real world performance that I've see, but regardless, LTC is not GPU hostile. If you want to mine LTC, you're far better off getting a PC with 5 GPUs than getting 5 CPUs, just like BitCoin.

Perhaps but keep in mind that the cost to mine with GPUs is NOT free. Hence the fact that it isn't worth while.

At $0.0025 and B 0.0005 per LTC, it's not worth mining PERIOD.

All I can hope for is adoption by miners who drop out of BTC after the reward split and ASIC release Undecided

If they both get profitable mining with GPUs will produce less in terms of net profit unless if the price volatility ends up taking the price waaaay higher.

Fuzzy

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Quote from: Cosbycoin on May 31, 2012, 09:02:30 PM

Quote from: Fuzzy on May 31, 2012, 06:47:39 PM

Quote from: pooler on May 31, 2012, 04:49:02 PM

Typically on a high-end CPU you get about 20 MH/s on Bitcoin, or about 40 kH/s on Litecoin.
On a high-end GPU you can get about 400 MH/s on Bitcoin, or about 400 kH/s on Litecoin.

This is closer to the real world performance that I've see, but regardless, LTC is not GPU hostile. If you want to mine LTC, you're far better off getting a PC with 5 GPUs than getting 5 CPUs, just like BitCoin.

Perhaps but keep in mind that the cost to mine with GPUs is NOT free. Hence the fact that it isn't worth while.

At $0.0025 and B 0.0005 per LTC, it's not worth mining PERIOD.

All I can hope for is adoption by miners who drop out of BTC after the reward split and ASIC release Undecided

Cosbycoin

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Quote from: Fuzzy on May 31, 2012, 06:47:39 PM

Quote from: pooler on May 31, 2012, 04:49:02 PM

Typically on a high-end CPU you get about 20 MH/s on Bitcoin, or about 40 kH/s on Litecoin.
On a high-end GPU you can get about 400 MH/s on Bitcoin, or about 400 kH/s on Litecoin.

This is closer to the real world performance that I've see, but regardless, LTC is not GPU hostile. If you want to mine LTC, you're far better off getting a PC with 5 GPUs than getting 5 CPUs, just like BitCoin.

Perhaps but keep in mind that the cost to mine with GPUs is NOT free. Hence the fact that it isn't worth while.

Cosbycoin

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Quote from: pooler on May 31, 2012, 04:49:02 PM

Quote from: Cosbycoin on May 31, 2012, 03:36:05 PM

Quote from: pooler on May 31, 2012, 02:32:33 PM

Quote from: Cosbycoin on May 31, 2012, 01:52:55 PM

You forget that even while mining with a GPU the speed factor is a factor of 10 unlike bitcoin which is more like a factor of 100 or a 1000. Mining litecoins with a GPU is not profitable FYI.

Yes, but please keep the numbers real: it's more like 10x for scrypt (Litecoin) versus 20x for SHA-256d (Bitcoin).

Uhh if I mine bitcoin with my dual core processor I might get 2 mh/s

With a HD Radeon 6990 I get about 680 Mh/s

So you do the math.......

The difference is much more than 20x as you claim.

But then you are comparing a low-end CPU with a high-end GPU (well, actually a card with 2 high-end GPUs).

Typically on a high-end CPU you get about 20 MH/s on Bitcoin, or about 40 kH/s on Litecoin.
On a high-end GPU you can get about 400 MH/s on Bitcoin, or about 400 kH/s on Litecoin.

The BTC/LTC speed ratio is about 1000:1 for GPUs, but only about 500:1 for CPUs, i.e., CPUs are still two times more efficient than GPUs when it comes to scrypt.

THATS THE WHOLE POINT! THE FACT THAT THOSE TWO EXTREMES EXIST TO MINE BITCOINS IS MY POINT. YOU TAKE THE SAME TWO EXTREMES AND USE IT ON LITECOIN MINING AND THE DESPARITY IS LIKE 10X NOT LIKE WITH BITCOIN ITS LIKE 100 OR MORE TIMES....U GOT IT NOW?

Grin

Fuzzy

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Quote from: pooler on May 31, 2012, 04:49:02 PM

Typically on a high-end CPU you get about 20 MH/s on Bitcoin, or about 40 kH/s on Litecoin.
On a high-end GPU you can get about 400 MH/s on Bitcoin, or about 400 kH/s on Litecoin.

This is closer to the real world performance that I've see, but regardless, LTC is not GPU hostile. If you want to mine LTC, you're far better off getting a PC with 5 GPUs than getting 5 CPUs, just like BitCoin.

The Koolio

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Minds are like parachutes they work best when open

http://tinypic.com/r/vnd0cp/6

The Koolio

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Minds are like parachutes they work best when open

Hi guys, Ive had my rig pointed at bitcoin for a long time an wanted to shift to litecoin. Unfortunatley no matter what I do I cant get a simple 5870 xfx to work. All i get is error 6 cant connect etc... I have been running reaper... not one pool or solo mining thing will get me to work. Any ideas what i could be missing with this. I have tried a couple of pools but no luck.

btw anyone wants to see my rig: http://www.youtube.com/watch?v=TBXBB5sy5sA

pooler

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Quote from: Cosbycoin on May 31, 2012, 03:36:05 PM

Quote from: pooler on May 31, 2012, 02:32:33 PM

Quote from: Cosbycoin on May 31, 2012, 01:52:55 PM

You forget that even while mining with a GPU the speed factor is a factor of 10 unlike bitcoin which is more like a factor of 100 or a 1000. Mining litecoins with a GPU is not profitable FYI.

Yes, but please keep the numbers real: it's more like 10x for scrypt (Litecoin) versus 20x for SHA-256d (Bitcoin).

Uhh if I mine bitcoin with my dual core processor I might get 2 mh/s

With a HD Radeon 6990 I get about 680 Mh/s

So you do the math.......

The difference is much more than 20x as you claim.

But then you are comparing a low-end CPU with a high-end GPU (well, actually a card with 2 high-end GPUs).

Typically on a high-end CPU you get about 20 MH/s on Bitcoin, or about 40 kH/s on Litecoin.
On a high-end GPU you can get about 400 MH/s on Bitcoin, or about 400 kH/s on Litecoin.

The BTC/LTC speed ratio is about 1000:1 for GPUs, but only about 500:1 for CPUs, i.e., CPUs are still two times more efficient than GPUs when it comes to scrypt.

LoWang

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Quote from: Cosbycoin on May 31, 2012, 03:34:41 PM

Quote from: LoWang on May 31, 2012, 02:37:47 PM

Quote from: Cosbycoin on May 31, 2012, 01:52:55 PM

You forget that even while mining with a GPU the speed factor is a factor of 10 unlike bitcoin which is more like a factor of 100 or a 1000. Mining litecoins with a GPU is not profitable FYI.

I believe you meant "mining litecoins is not profittable" Sad

That was in response to a post bout "mining litecoins"....i figured it was obvious what I was talking about.

I got it, but you did not get my sarcasm :-] I guess you don't sell LTC much do you? Wink

Cosbycoin

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Quote from: ?? on ??

Quote from: bulanula on May 30, 2012, 06:10:56 PM

Quote from: Vod on May 30, 2012, 06:09:13 PM

Is there any chance that litecoin can be changed to again be GPU hostile?

This would be a BRILLIANT idea IMHO !

Let's do it, coblee !

+1

LOL now there would be a semi-early adopter status if you mined with GPUs before the new update to be GPU hostile.

Topic: [ANN] Litecoin - a lite version of Bitcoin. Launched! - page 332. (Read 1467253 times)