Topic: Anyone Thinking Of Dumping Bitcoin In Favour of Litecoin? - page 3. (Read 5524 times)
Again guys, the ASIC shortage will be just short-term scarcity. Eventually more ASICs will be out on the market than people want, economies of scale are hit, and then we can have a healthy distributed ASIC network. This could actually help us, because it forces any entity wanting to attack the network to invest in ASICs instead of being able to use traditional hardware. What other way could it turn out?
When Bitcoin mining becomes only for those rich few that can afford an ASIC, the GPU miners will turn to Litecoin.
Litecoin will have a wider base of miner enthusiasts and its popularity will grow and surpass Bitcoin.
ASICs will kill Bitcoin, the future currency has to be for the masses to be involved with not a new central bank of ASIC elite!
Litecoin will have a wider base of miner enthusiasts and its popularity will grow and surpass Bitcoin.
ASICs will kill Bitcoin, the future currency has to be for the masses to be involved with not a new central bank of ASIC elite!
Go ahead. There will be a Litecoin Asic. And it will be more expensive and more Elite.
Except if you want a speed boost there is no way to efficiently parallel compute the Scrypt algorithm without throwing loads of money at it to the point it becomes prohibitively expensive. This is proven mathematically in the Scrypt paper - http://www.tarsnap.com/scrypt/scrypt.pdf (Litecoin uses Scrypt for this reason)
People will bring out ASICs and FGPAs but unless there is a computer science breakthrough the performance increase won't be dramatic on a per dollar basis. Simply not possible.
So only the rich can afford it? That sure sounds like a better plan than making it affordable and available to the masses.
No you misunderstand and didn't read the link. If someone spends 10k on a Scrypt Asic it won't give them a 100 times performance boost over someone rigging together 10k's worth of top graphics cards.
Some performance boost will be gained but the algorithm was specifically designed so a government entity for example couldn't crack a Scrypt hashed password by simply throwing more money at the hardware because it will become exponentially more expensive. Again, read the paper it's all in there.
When Bitcoin mining becomes only for those rich few that can afford an ASIC, the GPU miners will turn to Litecoin.
Litecoin will have a wider base of miner enthusiasts and its popularity will grow and surpass Bitcoin.
ASICs will kill Bitcoin, the future currency has to be for the masses to be involved with not a new central bank of ASIC elite!
Litecoin will have a wider base of miner enthusiasts and its popularity will grow and surpass Bitcoin.
ASICs will kill Bitcoin, the future currency has to be for the masses to be involved with not a new central bank of ASIC elite!
Go ahead. There will be a Litecoin Asic. And it will be more expensive and more Elite.
Except if you want a speed boost there is no way to efficiently parallel compute the Scrypt algorithm without throwing loads of money at it to the point it becomes prohibitively expensive. This is proven mathematically in the Scrypt paper - http://www.tarsnap.com/scrypt/scrypt.pdf (Litecoin uses Scrypt for this reason)
People will bring out ASICs and FGPAs but unless there is a computer science breakthrough the performance increase won't be dramatic on a per dollar basis. Simply not possible.
So only the rich can afford it? That sure sounds like a better plan than making it affordable and available to the masses.
Increased hash rate == increased network security.
True but Litecoin has found a sweet spot where users can get a high hashrate using GPUs without unfair ASICs offering ridiculous perfomance enhancements.
When Bitcoin mining becomes only for those rich few that can afford an ASIC, the GPU miners will turn to Litecoin.
Litecoin will have a wider base of miner enthusiasts and its popularity will grow and surpass Bitcoin.
ASICs will kill Bitcoin, the future currency has to be for the masses to be involved with not a new central bank of ASIC elite!
Litecoin will have a wider base of miner enthusiasts and its popularity will grow and surpass Bitcoin.
ASICs will kill Bitcoin, the future currency has to be for the masses to be involved with not a new central bank of ASIC elite!
Go ahead. There will be a Litecoin Asic. And it will be more expensive and more Elite.
Except if you want a speed boost there is no way to efficiently parallel compute the Scrypt algorithm without throwing loads of money at it to the point it becomes prohibitively expensive. This is proven mathematically in the Scrypt paper - http://www.tarsnap.com/scrypt/scrypt.pdf (Litecoin uses Scrypt for this reason)
People will bring out ASICs and FGPAs but unless there is a computer science breakthrough the performance increase won't be dramatic on a per dollar basis. Simply not possible.
Increased hash rate == increased network security.
Also, litecoin is certainly not at all immune to ASIC.
Also, litecoin is certainly not at all immune to ASIC.
Uh...how about when ASICs hit economies of scale and everyone has one?
When Bitcoin mining becomes only for those rich few that can afford an ASIC, the GPU miners will turn to Litecoin.
Litecoin will have a wider base of miner enthusiasts and its popularity will grow and surpass Bitcoin.
ASICs will kill Bitcoin, the future currency has to be for the masses to be involved with not a new central bank of ASIC elite!
Litecoin will have a wider base of miner enthusiasts and its popularity will grow and surpass Bitcoin.
ASICs will kill Bitcoin, the future currency has to be for the masses to be involved with not a new central bank of ASIC elite!
Go ahead. There will be a Litecoin Asic. And it will be more expensive and more Elite.
When Bitcoin mining becomes only for those rich few that can afford an ASIC, the GPU miners will turn to Litecoin.
Litecoin will have a wider base of miner enthusiasts and its popularity will grow and surpass Bitcoin.
ASICs will kill Bitcoin, the future currency has to be for the masses to be involved with not a new central bank of ASIC elite!
Litecoin will have a wider base of miner enthusiasts and its popularity will grow and surpass Bitcoin.
ASICs will kill Bitcoin, the future currency has to be for the masses to be involved with not a new central bank of ASIC elite!
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