That can be both good and bad. Good for the near term as the coins that do that will have their difficulty drop and preserve GPU mining longer.
Bad because the coins that don't may get a boost by suddenly having tons of Scrypt ASIC's mining and trading them. Why is that bad? It may devalue the other coins that forked.
No way to know until it happens.
I know they have been discussing it with litecoin.The is scryptN but so far it is vertcoin and a couple clones.
It will be interesting to see how it all shakes out.
Plans are forming to hard fork some popular Scrypt coins to render Scrypt asics USELESS. Do not buy Scrypt ASICS!!!!! Don't even make them!
Who are
they?!
The Litecoin developers are on record as saying they have no plans to fork or change their protocol to increase ASIC resistance and that was never a huge priority for them, to begin with. People want to slow the adoption of ASIC so their GPU rigs don't become obsolete, unfortunately if you've been watching the profitability of GPU mining over the last two months, it's in a nosedive. That's not because of difficulty, it's because of the instant dump mentality of the new herd of altcoin miners that started about 4-5 months ago and the Multipools. They're driving down the exchange rates on every major Scrypt coin by dumping every chance they get and the guys who've loaded up on Gridseed miners can dump at a lower price and still make a profit. So that exchange rate just keeps dropping and the result is, GPU miners are getting priced out. There's only so much money out there for buying crypto-currencies and there are way too many to choose from, so the market's very diluted.
So this imaginary "they" is conjured by GPU miners who don't want ASICs to continue to proliferate, because they can't profit from them anymore (probably didn't get a ROI since they bought them two months ago)...and are realizing that the stock they're putting in Adaptive-N coins isn't going to pay off for a LONG time, if it ever does. Welcome to Litecoin mining in 2011, Vertcoin miners.
Of course, the winds of change could hit at any minute and Bitcoin could head back above $1,000 which would then make GPU mining healthy and profitable across the board, again. But the "new breed" is primarily concerned with profit TODAY, not profit months from now.
