Litecoin ASIC?!?! - page 2. | Bitcointalksearch.org

bitcoinarnold

member

Activity: 63

Merit: 10

Quote from: alex_fun on April 27, 2013, 10:36:57 PM

+1! We with pleasure gave home to two those amazing miners. FYI, none of them is a"botnet" as you called. They both run their own warehouses, and are big investors in the LTC era! We also build our own mega farm at the time we write those lines, we have already backordered 150 x 7950s and we just wait for arrival

Wow....

SRoulette

sr. member

Activity: 364

Merit: 252

Quote from: CoinHoarder on April 25, 2013, 08:05:38 PM

[ ] asic
[ ] fpga farm
[ ] gpu farm
[ X ] botnet

aa

hero member

Activity: 544

Merit: 500

Litecoin is right coin

This is really sad. It just means that it's going to be harder for everyone to mine coins while the price stays low.

txmasut

sr. member

Activity: 280

Merit: 250

Vantacor

Quote from: msm595 on April 27, 2013, 08:55:08 PM

Quote from: txmasut on April 27, 2013, 03:37:51 PM

True, just a business probably. I'm actually about to have 156,000 k/h with my 40 rigs. Cohosting, investment(12% return) and personal rigs.

Where do you cohost your rigs? I'm having trouble finding places to take rigs that don't really fit in racks.

We cohost at our own location. We were sick of seeing people buying into shares of something that no-one verifies or paying into hash rates with nothing else involved(no for sure payouts).

We built a building added A/C, 500 Amp Power Service to start and host everything using a custom interface to check downtime, auto-restart etc..

We mostly do investments, 12% return and no worries about running anything as we handle it all. We also pay bonus payouts based on the market. Handling other people's rigs are more of a headache to keep track of them, separate duties as requested, etc.. Easier to keep everything as one and just do payouts.

Plus unlike most other 'investment' groups on here, we are a real company based in Texas(USA), licensed and insured and anyone can visit us at anytime.

alex_fun

full member

Activity: 196

Merit: 100

+1! We with pleasure gave home to two those amazing miners. FYI, none of them is a"botnet" as you called. They both run their own warehouses, and are big investors in the LTC era! We also build our own mega farm at the time we write those lines, we have already backordered 150 x 7950s and we just wait for arrival

msm595

full member

Activity: 185

Merit: 100

Quote from: txmasut on April 27, 2013, 03:37:51 PM

True, just a business probably. I'm actually about to have 156,000 k/h with my 40 rigs. Cohosting, investment(12% return) and personal rigs.

Where do you cohost your rigs? I'm having trouble finding places to take rigs that don't really fit in racks.

allthingsluxury

legendary

Activity: 1540

Merit: 1029

Quote from: CoinHoarder on April 25, 2013, 08:05:38 PM

[ ] asic
[ ] fpga farm
[ ] gpu farm
[ X ] botnet

I think I have to agree.

mg27341

newbie

Activity: 28

Merit: 0

Quote from: WeTradeCoins on April 27, 2013, 07:29:51 PM

Quote from: milly6 on April 27, 2013, 03:50:03 PM

1 weareken 162,522 403.807
2 dodg 142,891 355.031

on wemineltc currently

+1! We with pleasure gave home to two those amazing miners. FYI, none of them is a"botnet" as you called. They both run their own warehouses, and are big investors in the LTC era! We also build our own mega farm at the time we write those lines, we have already backordered 150 x 7950s and we just wait for arrival

I told you guys that all of these botnet claims are pure BS!

MarKusRomanus

legendary

Activity: 910

Merit: 1000

Its interesting they are pointing that kind of hash power at Feathercoin. What do you think that means?

WeTradeCoins

full member

Activity: 168

Merit: 100

Quote from: milly6 on April 27, 2013, 03:50:03 PM

1 weareken 162,522 403.807
2 dodg 142,891 355.031

on wemineltc currently

+1! We with pleasure gave home to two those amazing miners. FYI, none of them is a"botnet" as you called. They both run their own warehouses, and are big investors in the LTC era! We also build our own mega farm at the time we write those lines, we have already backordered 150 x 7950s and we just wait for arrival

serge79

full member

Activity: 154

Merit: 100

Quote from: Gazylion on April 25, 2013, 07:58:47 PM

Feathercoin - 136 MH/s ?! Shocked

That's a lot of feathercoin !

tidus_13

full member

Activity: 290

Merit: 100

what is botnet?

Is a web miner a botnet?

milly6

legendary

Activity: 1632

Merit: 1010

1 weareken 162,522 403.807
2 dodg 142,891 355.031

on wemineltc currently

vinne81

full member

Activity: 182

Merit: 100

When ASICS become more available, (and have more management capabilities) maybe somebody finds a way to hack them. They there could be a thing like a botnet of ASICS

txmasut

sr. member

Activity: 280

Merit: 250

Vantacor

True, just a business probably. I'm actually about to have 156,000 k/h with my 40 rigs. Cohosting, investment(12% return) and personal rigs.

mg27341

newbie

Activity: 28

Merit: 0

It's just a business set up for mining. Start a company that has 100 hosts x 4 7970s and you can get 300,000 kH/s or so and people immediately cry botnet! If it was a real botnet, the stats would be 100 to 1000x higher and they sure as hell would not be mining feathercoin!

[ ] asic
[ ] fpga farm
[ ] gpu farm
[ ] botnet
[ X ] business (i.e., company set up for mining feathercoin with 50 hosts x 4 7970s put together by ten guys over a weekend)

If you're going to propose something devious, at least propose a multi-FPGA rig which, while still currently impossible for LTC or feathercoin as far as we jbiw, would have a much greater possibility of being real than this botnet BS.

CRkfx1

newbie

Activity: 39

Merit: 0

Quote from: crazy_rabbit on April 26, 2013, 04:12:00 AM

This is why ASICS are good for coins. It prevents botnets. The arguement about scrypt and ASIC resistant (not proof) coins like litecoin is that it allows botnet miners to exist. You can't botnet mine bitcoin, but as is easy to see- you can botnet mine the hell out of Litecoin or other scrypt coins.

It's one thing if a high hash power miner invests a good deal of money into buying asics or a GPU farm, then they make this amount of coin legitimately, but by using a botnet you destroy the economics of the coin. Its essentially printing free money by stealing others CPU and Electricity.

Never thought about it like that. You make some excellent points.

crazy_rabbit

legendary

Activity: 1204

Merit: 1002

RUM AND CARROTS: A PIRATE LIFE FOR ME

This is why ASICS are good for coins. It prevents botnets. The arguement about scrypt and ASIC resistant (not proof) coins like litecoin is that it allows botnet miners to exist. You can't botnet mine bitcoin, but as is easy to see- you can botnet mine the hell out of Litecoin or other scrypt coins.

It's one thing if a high hash power miner invests a good deal of money into buying asics or a GPU farm, then they make this amount of coin legitimately, but by using a botnet you destroy the economics of the coin. Its essentially printing free money by stealing others CPU and Electricity.

dragon2nd

member

Activity: 94

Merit: 10

Quote from: wolf1 on April 26, 2013, 02:44:03 AM

This situation makes me sad and really gives a bad opinion about crypto-currencies among public.
In pool where I'm mining a top guy have two weeks ago 50,000kH/s, last week 150,000kH/s, now over 200,000kH/s but highly fluctuating (170-210).
I'm trying, but could not imagine his mining rigs and thinking that this is botnet too.

The whole problem is caused by the fact that scrypt was designed to have good output on CPUs, thus attracting this kind of mining.
It will be probably resolved only after introduction of scrypt ASICs Sad

so it will be not profitable run botnet in that network.
It's probably only matter of time, some guys working on them. It was told at first that scrypt will not be very profitable on GPUs compared to CPUs, look at the situation now

WOW~ which pool are you in? I'm gonna take a look.

wolf1

newbie

Activity: 14

Merit: 0

This situation makes me sad and really gives a bad opinion about crypto-currencies among public.
In pool where I'm mining a top guy have two weeks ago 50,000kH/s, last week 150,000kH/s, now over 200,000kH/s but highly fluctuating (170-210).
I'm trying, but could not imagine his mining rigs and thinking that this is botnet too.

The whole problem is caused by the fact that scrypt was designed to have good output on CPUs, thus attracting this kind of mining.
It will be probably resolved only after introduction of scrypt ASICs Sad

so it will be not profitable run botnet in that network.
It's probably only matter of time, some guys working on them. It was told at first that scrypt will not be very profitable on GPUs compared to CPUs, look at the situation now

Topic: Litecoin ASIC?!?! - page 2. (Read 13496 times)