By the time people have bought a few million dolars worth of litecoins to pre-order with the price per coin should have risen too, so double win!
-MarkM-
Topic: Litecoin ASICs - page 2. (Read 9912 times)
So lets start pre-orders! We can finance development with pre-order money like bitcoiners do!
By the time people have bought a few million dolars worth of litecoins to pre-order with the price per coin should have risen too, so double win!
-MarkM-
By the time people have bought a few million dolars worth of litecoins to pre-order with the price per coin should have risen too, so double win!
-MarkM-
Yes, ASICS for LTC could easily be made, just like for BTC.
With enough funding yes. Right now it is a multi million dollar endeavor. Please if it is so "easy" you should have no problem getting it done right?
It would be cheaper for a company to do the same with LTC, as, many have already done for BTC (the foundations have been setup/processing chains from BTC)
I am not an ASIC company, i'd expect any ASIC company that had made/is making one for BTC, would probably say it was technically very easy to make.
Do you not think, if it became profitable for a company to make an ASIC for LTC, just like BTC, they wouldnt do it? It would be factors cheaper compared to the first ones for BTC, and significantly quicker to production/shelf.
Yes, ASICS for LTC could easily be made, just like for BTC.
With enough funding yes. Right now it is a multi million dollar endeavor. Please if it is so "easy" you should have no problem getting it done right?
Yes, ASICS for LTC could easily be made, just like for BTC.
Price will need to be much higher and network hash much greater. Maybe at the 2 year LTC anniversary (or 3rd). a couple high hashing units could easily bring down the system at this early phase in the life of this cryptocoin.
Yeah the network needs to mature a bit.
Price will need to be much higher and network hash much greater. Maybe at the 2 year LTC anniversary (or 3rd). a couple high hashing units could easily bring down the system at this early phase in the life of this cryptocoin.
Any news? 
At this point it would be way too pricey to create an ASIC for litecoin right now.
Maybe when each litecoin is like $2-$5?
Any news?
Isn't memory the main reason CPUs are good at litecoin mining? Nothing except cost stops an ASIC or even FPGA from having/being connected to large amounts of SRAM...
It's memory bandwidth that defines the hashing speed. The cpu cache has high bandwidth, but only one fifth of that of the amd gpus. Hence, making asics for litecoin will be somewhat of a nightmare because finding something cheap with higher memory bandwidth than a gpu (which use the fastest ram technologically available) is difficult. 
The main objective for a litecoin ASIC would be to incorporate DRAM.
LTC runs inside the CPU cache, but that is SRAM which is expensive to make. Since the time to rewrite taken to rewrite the cached hashes is sort of predictable the refreshing circuitry can be omitted or at least be very simple. That alone would make it 2 magnitudes more effective (ok I'll stfu now
)
LTC runs inside the CPU cache, but that is SRAM which is expensive to make. Since the time to rewrite taken to rewrite the cached hashes is sort of predictable the refreshing circuitry can be omitted or at least be very simple. That alone would make it 2 magnitudes more effective (ok I'll stfu now
) 
I think your more likely to see an FPGA with extra blockram before an ASIC and probably only when the current price is like >x100.
ASIC are specific processors, so of course a litecoin asic exist! Litecoin can be mined on a normal cpu, obviously they can be mined on something specifically made to mine them.
Will someone make an ASIC for litecoin? Remember that you need to spend some milions for the masks required to make ASICs. Since Litecoin market is VERY small, how many chances there are you will manage to sell enough asic/mine enough litecoin to repay millions of $ ?
@finway: why do you mix gpu and asic? Seriously, learn what asic is before posting.
Will someone make an ASIC for litecoin? Remember that you need to spend some milions for the masks required to make ASICs. Since Litecoin market is VERY small, how many chances there are you will manage to sell enough asic/mine enough litecoin to repay millions of $ ?
@finway: why do you mix gpu and asic? Seriously, learn what asic is before posting.
I having BFL SHA256 single on order. Very nice if can work for litecoin 
WHY ?......
Are you planning on dedicating the next 10 years of your life to the pursuit of recovering your hardware investment for exclusive Litecoin mining using a $600 appliance ?
You idiot ? I plan use BFL for BTC. I just talking out asshole how be intersting use BFL for litecoin. Yoy.
Isn't memory the main reason CPUs are good at litecoin mining? Nothing except cost stops an ASIC or even FPGA from having/being connected to large amounts of SRAM...
Isn't Litecoin anti-GPU anti-ASIC ?
Um GPU mining is only 10 x as fast as cpu mining with LTC.
Great. Thanks Captain Obvious....And keep in mind it cost more to mine with a GPU than a CPU.
...and again 
Guess what ? THE SKY IS BLUE AND PLANET EARTH IS NOT FLAT.
Not seeing your point.
Unless English is not your first language, I think my point as pretty clear, but I will summarize for the 'English-Impaired'.....- Dedicated LTC Mining devices = FINANCIAL FAIL.
- Users mining LTC with GPUs currently are clueless in regards to the economic benefits (or lack there of).
- LTC needs a new algorithm that makes it an even further futile venture to consider GPU mining.
Clear enough ? or shall I summarize further ?
I'm sorry but what crystal ball are you looking into in which you can see the future so clearly? You definitely have a thick layer of sarcasm on you. Must be to compensate for the rather tiny portion you got in the length and girth departments.
Um GPU mining is only 10 x as fast as cpu mining with LTC.
Great. Thanks Captain Obvious....And keep in mind it cost more to mine with a GPU than a CPU.
...and again Guess what ? THE SKY IS BLUE AND PLANET EARTH IS NOT FLAT.
Not seeing your point.
Unless English is not your first language, I think my point as pretty clear, but I will summarize for the 'English-Impaired'.....- Dedicated LTC Mining devices = FINANCIAL FAIL.
- Users mining LTC with GPUs currently are clueless in regards to the economic benefits (or lack there of).
- LTC needs a new algorithm that makes it an even further futile venture to consider GPU mining.
Clear enough ? or shall I summarize further ?
I having BFL SHA256 single on order. Very nice if can work for litecoin
WHY ?......
Are you planning on dedicating the next 10 years of your life to the pursuit of recovering your hardware investment for exclusive Litecoin mining using a $600 appliance ?
Any talk of dedicated devices or speciality hardware for Litecoin mining further defeats the original intended purpose of Litecoin (or, 1 of them).
Wasn't the whole idea behind Litecoin essentially just another Alt-Coin to keep your CPU busy, rather than sitting idle, while mining BTC with your GPUs on the same rig ?
Frankly, anyone who is currently using a Bitcoin-Capable ATI GPU to mine LTC must not be very well versed in both Economics and Mathematics.
Bragging rights are great. 2,500 kh/s LTC mining speeds on multiple GPUs is impressive, but at the end of the day it's a waste.
It's really unfortunate that the GPU LTC Miner was released because now everyone's imaginations are running wild with 'What could be..IF...'
The Litecoin hashing algorithm needs to be updated/upgraded to something that is not only CPU friendly, but is in fact GPU HOSTILE so that things can get back to normal and the value of LTC can stabilize once and for all and quit the downward spiral that it seems to be on currently.
...just my 2 LTC's worth.
YMMV, as well as your opinion(s).
bitlane.
Um GPU mining is only 10 x as fast as cpu mining with LTC. And keep in mind it cost more to mine with a GPU than a CPU. Bitcoin that number is 100x. Not seeing your point.
I having BFL SHA256 single on order. Very nice if can work for litecoin
WHY ?......
Are you planning on dedicating the next 10 years of your life to the pursuit of recovering your hardware investment for exclusive Litecoin mining using a $600 appliance ?
Any talk of dedicated devices or speciality hardware for Litecoin mining further defeats the original intended purpose of Litecoin (or, 1 of them).
Wasn't the whole idea behind Litecoin essentially just another Alt-Coin to keep your CPU busy, rather than sitting idle, while mining BTC with your GPUs on the same rig ?
Frankly, anyone who is currently using a Bitcoin-Capable ATI GPU to mine LTC must not be very well versed in both Economics and Mathematics.
Bragging rights are great. 2,500 kh/s LTC mining speeds on multiple GPUs is impressive, but at the end of the day it's a waste.
It's really unfortunate that the GPU LTC Miner was released because now everyone's imaginations are running wild with 'What could be..IF...'
The Litecoin hashing algorithm needs to be updated/upgraded to something that is not only CPU friendly, but is in fact GPU HOSTILE so that things can get back to normal and the value of LTC can stabilize once and for all and quit the downward spiral that it seems to be on currently.
...just my 2 LTC's worth.
YMMV, as well as your opinion(s).
bitlane.
Wasn't Litecoin supposed to be CPU exclusive? Whatever happened to that?
Well that's like saying a cryptocurrency is pegged to say the Dollar. But then someone makes an exchange to allow exchange for Euros which it isn't pegged to.
The intention is right. Keep in mind that GPU's are only 10x faster than CPU hashing unlike bitcoin where GPU mining is about 100x faster than CPU mining.
Jump to: