Topic: is N-Scrypt.. really worth considering? looks full of flaws logically... - page 2. (Read 5683 times)

GPU mining has already almost ROI for me, maybe you just suck at putting together computers.  It took maybe 2 hours to build and configure, been running 24/7 since.  Only recently moved a couple over to Vert, which took 20 minutes to change from regular scrypt.

I had an ASIC SHA256 miner, but sold it just 2 days before it dropped almost 50% in price and 30% in efficiency in one difficulty jump.  

I also bought all of my rigs in late November-December full well planning on selling around May and re-evaluating mining as a whole.  Considering how fast SHA256 changed, how fast Scrypt is changing, I'm still sticking to it.  I've already gotten most of my investment back, and the rigs are still at 80-100% of what I bought them for, I'm still on track to double my money.

Good luck trying to sell Gridseeds for $200 / e even by the summer

And the difference between 1 and 40 isn't much.  Your still looking at over 170 days before ROI, and that's with 0% difficulty, and cheap electric at 0.06 (which is what I pay), starting today.  1% difficulty your looking at near next year.  2% increase puts them into 2015 before your seeing a profit.  https://bitcoinwisdom.com/litecoin/calculator  Show me a calculator that says otherwise and I'll STFU. 

If you can get them for $100-$150 then I consider it good profit, and worth buying hardware that is essentially worthless outside this "space".

Lets all give money to ASIC manufacturers, they'll secure the network and make us rich

I own both asic and gpu i spread my risk but i'm being as realistic and un bias as i can this shit needs to stop however you want to justify your statement about "this is just about asic owners justifying" "...bullshit, as if gpu miners arnt complacent and to comfortable that they don't like the idea of having to sell off their gear and scale up or morph into other projects that make money...good things don't last forever..none of them are helping anyone by trying to make a coin that suits there hardware because i guarantee i'm not buying anymore gpu! because frankly gpu mining has been the most pain in the ass and to me the biggest waste of time ive ever come across


lmao btw AHAHAHAH thanks for proving how dense and stupid you are "Gridseeds are worthless tech that are dropping fast in price, and will never see a ROI unless you purchase 40+" lol wtf is the difference between 40 and 1...gawd please try again with something that is substantiated

we still have x11/heavycoin algo/syncoin algo

where is your asic now?


yeah they secure the network lmao

they secure knc portfolio

http://www.reddit.com/r/Bitcoin/comments/2182nb/kncminers_ceo_sam_cole_dumping_bitcoins_worth/

I wasn't really aiming that at you to begin with but now it seems more relevant.

Show me many accounts of this "shady person on the internet" that robbed someone out of asic money that never roi, frankly every asic i have ever bought and i own bfl mini rigs also have all gained roi
and the ones i revived recently are looking to roi within a few months...to normal people that is fine...most of you fools seem to think that money should fall out of the sky for you and you should get a return on you investment within weeks at close to 40% interest..well you are in the wrong game for that to happen constantly and should go get into the lending game

Fact is mainstreamer don't give a fuck about the shit you're justifying your cries over. They want a bloody plug and play device thats in a damn box they don't have to build, they certainly don't give a shit their $1,500 for 8mh wont arrive until october and wont roi for at least 4 months, any profit is profit to smart people, you seem like a bunch of spoil little brats that to me really haven't ever come into money like you have in this space or worked a hard bloody day in your lifes. You certainly cant be over the age of 25 or else you would at least understand how hard it is to save and how long it would normally take an investment to mature

You kids, and some immature adults need to do a bit of learning and stop chasing massive profits in this space right now..its so dead i cant even begin to explain how fucking diluted and dead this space is right now because most of you came into it when there was hype and or have forgotten where its been in its past and how much work still needs to be done here

Im ranting because i've had just about enough of watching you bloody fools head towards the meat mincer, you are all sending yourself to hell in such a way your enjoying the ride and its just bonkers to watch you all do this

You have pushed, just about every decnet dev out of this scene because of the total lack of quality, they wont talk to you they wont show their face in this sub forum because its just full of fucking cry baby miner cunts and its time to stop the shit..the buck stops here and until you cunts clean up your acts we will never have an decent devs show their faces nor will they ever waste their time here!

Stop going on and on and on about new coins and algos and arguing in threads about utter garbage and start fucking making money the real way!!! do something that is productive, stop refreshing your pool page to see if you are getting max shares, start making services and working with one another to make useful sites and market this place some instead of crying on about how asic is going to ruin the world

People don't want to have to spend time here trying to figure out how to setup a gpu miner nor the cost that is involved they just want shit like a plug and play device that prints money. Shit they even want usb miners to feel like they are contributing to this space! they certainly don't want to come here and find out they have to fucking watch the forums day and night to know what bloddy coin to mine so they can gain
any kind of return...Stop turning this place into a wasteland and start taking some ownership of it treat it right and for fucks sake stop supporting any kind of new algo especially scrypt-n bullshit thats power hungry and gpu intensive get a fucking grip on yoruslefs. Your new shitcoin is not going to take over btc and ltc so stop dreaming it will!

This thread is pretty much full of Scrypt-ASIC orderer's who want to convince themselves that their purchase wasn't worthless, by telling everyone that ASIC-resistant coins will never happen or take hold.

How is it greed that the single rig operators want to still be able to make money off their hardware?  I think it's greed from the ASIC purchasers, telling the community to stop making or developing a coin that their preordered device can't mine!

I'm sure you Titan purchaser's are solely buying it to secure the blockchain and make the network more secure and the world a better place 

BlissDevices is another company with fake images up.  None of those products exist in any real sense yet or outside of paper ideas.

Alpha T is a bust, people in that thread are scrambling to figure out where their money is and hoping to even get a refund.  BFL round 2.

Gridseeds are worthless tech that are dropping fast in price, and will never see a ROI unless you purchase 40+.  Then your stuck with specific hardware that can be resold for peanuts by the time it is close to breaking even...

AlcheMiner is another scam ASIC scrypt miner site trying to steal your money.

So go ahead, convince yourself that ASICs are key and you will be able to mine any and every coin out there, regardless of algorithm.  New companies are popping up everyday with preorders and photoshop devices, get on it!

If you think your ASIC can just "make a switch and change a setting" to do Scrypt-N, you are very wrong.  Read this and hopefully you will understand http://kolinevans.wordpress.com/2014/03/02/why-there-could-be-a-mini-revolution-occuring-in-crypto-currency/

I'm about to launch a $5000 500 MH/s Scrypt-ALL miner, it does Scrypt/-N/-Jane, x11, and heavy algos ALL AT THE SAME TIME.  Only 1 BTC to secure your unit!  1DXcJTGf88mLVtJGimYnMiiUmFih34UuHV

It is wrong at beginning since they claim that it can use the same device to mine Vertcoin and Yacoin.
If you look into algorithm, you will know why I say like this.

Calm down, I just don't want to "pre-order" ASIC for 10k$ from some shady person on the internet, and never make my money back, because by the time/if I obtain said ASIC, the difficulty will be 10 times higher (because everyone else buys ASIC too), and that shady person on the internet will be selling some new "next-gen" ASICs that will render my current ASIC useless.

I don't understand why people want to do that to themselves, do they not know what's happening to Bitcoin mining?

https://bitcoinwisdom.com/assets/difficulty/bitcoin-hash_rate-all.png

I understand why people like El Dude think that ASICs are good, for some reason they think price follows the difficulty.

Also, what's wrong with GPUs? Anyone can buy them (without retarded 6 month preorders), and you can't fill the whole warehouse with them (high electricity consumption!) which equals decentralisation.

Everyone should be embracing the asics they bring legitimacy and proper functionality and security to a network...for gods sake people get it through your thick heads we should be innovating in the block chain thats where its at not the damn hashing algo and running from asics so you can get a little profit.

The world does not want 500 more fucking coins it didn't know it needed. It needs and wants innovation an useful, safe storage. It needs time stamped contracts in a majority rules voted ledger!
most of you are just expediting the day where you become poor and irrelevant again!

In the next 4 months we will see the community change and everyone will be boycotting new coin creation because they are already starting to see how hard it is to make their 100% profit in a week!
hot tip..use the ledger for something useful and you will make your profit sustainable and your kids and their kids will be able to also profit from it.. Or keep chasing stupid new coins crying cause of asics then you will just take what you can now and are saying.."Fuck you kids"..not really surprising though

Time for the community here to snap out of this bullshit! stop being so desperate

So change N to 4096 and that ASIC is useless? K.

From the link you mentioned.

every good coin gets asics , there's no running away from that.

If that's true, vertcoin devs will switch to something else.

Only Litecoin stuck with scrypt

Scrypt-n over before it even started. LOL

Scrypt Asic Manufacturer BlissDevices will use configurable parameters to mine Scrypt-N coins (Yacoin, Vertcoin, Execoin)

http://www.reddit.com/r/CryptoMarkets/comments/2182di/scrypt_asic_manufacturer_blissdevices_will_use/

KNC 100Mhs on the way ^^ this is beginig

ASIC is a means to a result.
If you want to be specific, then maybe you can say "current gen of Asic doesn't get DRAM added"

though,

1, DRAM solution is there.
2, there are many beyond-GPU solutions

which brings to the same point. N-scrypt, doesn't innovate anything at all.
kinda useless.

Interesting discussion.

Forexcoin so far running on Scrypt. Scrypt Asic advantages are not huge. It remains to be seen what will happen.

I think we are talking about ASIC right ?

the policy to exclude asics is fundamentaly flawed because ... well ... litecoin.
they intended to exclude asics and see what happened, everyone hyped the coin and it came into the attention of asic manufacturers and they made it happen.

on the other hand accepting asics but limiting their coin intake and making gpus and cpus have a fair chance of mining against asics is what I believe the only way gpu and cpu miners can coexist with asics and that's why myriad coin has the strongest chance of rising above all altcoins.

this is just my personal opinion and it should not be viewed as a coin hyping attempt, I am not urging anyone to buy myriad coin , just look into the concept I believe it's the closest to having a united mining comunity with a fair chance for everyone.

agreed.