[POLL] Would you support a Litecoin [LTC] to X11 algorithm hardfork?

n2rovert

newbie

Activity: 3

Merit: 0

Quote from: MaGNeT on April 02, 2014, 06:18:21 AM

Quote from: superresistant on April 02, 2014, 06:16:09 AM

Quote from: HCLivess on April 02, 2014, 06:05:49 AM

https://litecointalk.org/index.php?topic=18166.0

You forgot to link Coblee's & friends ASIC mining farm :

https://ecent.charityminingpools.com/index.php?page=statistics&action=pool

1 258,208 25,580,340.331 340,755,713 USD/DAY

Now that's an argument.

Yup, that's me. Looking forward to my KnCMiner Titans

https://ecent.charityminingpools.com/index.php?page=statistics&action=pool

http://picadump.com/pictures/bitcoin/asic.png

http://picadump.com/pictures/bitcoin/chn.png

http://picadump.com/pictures/bitcoin/blitz.png

Wow, can we see pics of your mining warehouse?... Tongue

Beeker

member

Activity: 94

Merit: 10

Meep

Democracy on Litecointalk.org? Lock the topic when unwanted voices are heard:

https://litecointalk.org/index.php?topic=18166.135

MaGNeT

legendary

Activity: 1526

Merit: 1002

Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

Quote from: superresistant on April 02, 2014, 06:16:09 AM

Quote from: HCLivess on April 02, 2014, 06:05:49 AM

https://litecointalk.org/index.php?topic=18166.0

You forgot to link Coblee's & friends ASIC mining farm :

https://ecent.charityminingpools.com/index.php?page=statistics&action=pool

1 258,208 25,580,340.331 340,755,713 USD/DAY

Now that's an argument.

Yup, that's me. Looking forward to my KnCMiner Titans

https://ecent.charityminingpools.com/index.php?page=statistics&action=pool

superresistant

legendary

Activity: 2156

Merit: 1131

Quote from: HCLivess on April 02, 2014, 06:05:49 AM

https://litecointalk.org/index.php?topic=18166.0

You forgot to link Coblee's & friends ASIC mining farm :

https://ecent.charityminingpools.com/index.php?page=statistics&action=pool

1 258208 KH/S

Now that's an argument for them to keep scrypt.

HCLivess

legendary

Activity: 2114

Merit: 1090

=== NODE IS OK! ==

https://litecointalk.org/index.php?topic=18166.0

dragonhunter

newbie

Activity: 37

Merit: 0

Quote from: fenghush on April 02, 2014, 05:04:51 AM

Quote from: Glorthoron on April 02, 2014, 04:34:28 AM

We need this hardfork! No ASICS for litecoin! No centraliced mining!

Lead the way, oh supreme leader, right to the jaws of ASIC, then we'll just hardfork it again right, best idea ever!

Just that the x11 ASIC wont be with x10 boost like scrypt, it will be x1000 and the more expensive ones probably within couple of TH.

I doubt he understands cons and pros of ASICs and hardfork, and what damage hardfork might bring to LTC.

fenghush

sr. member

Activity: 658

Merit: 250

Quote from: Glorthoron on April 02, 2014, 04:34:28 AM

We need this hardfork! No ASICS for litecoin! No centraliced mining!

Lead the way, oh supreme leader, right to the jaws of ASIC, then we'll just hardfork it again right, best idea ever!

Just that the x11 ASIC wont be with x10 boost like scrypt, it will be x1000 and the more expensive ones probably within couple of TH.

Glorthoron

newbie

Activity: 22

Merit: 0

We need this hardfork! No ASICS for litecoin! No centraliced mining!

markm

legendary

Activity: 2940

Merit: 1090

Just teach those ASIC-lovers a lesson by dumping all your litecoins to buy X11 coins and go mine an X11 coin...

By dumping their stupid old ASIC-prone litecoin you'll drive its price way down, right, since you have such a massive stake in litecoin?

If you don't have a massive stake in litecoin but do in GPUs, maybe an X11 coin is right for you but litecoin isn't it.

Also if X11 is the new king of coins, you'll make so much riches from whatever X11 coin you all pick, or the entire family of merged mined X11 coins, that you will be able to build your own FABs and flood the world with cheap free open source ASICs, so that ASIC is as easy for anyone to get as GPU.

You can even give them away in cereal boxes!

No one can monopolise ASICs once you make open source ones! The problem is the stupid "intellectual property" crap around FABs, not ASIC in principle per se.

-MarkM-

IloveAnonCoin

full member

Activity: 140

Merit: 100

Quote from: fenghush on April 02, 2014, 03:24:08 AM

That fact was echoed by me and many other people including the LTC devs, they just don't care.

Quote from: IloveAnonCoin on April 02, 2014, 03:17:53 AM

The problem is every algorithm in X11 are able to create by ASIC since day one, and it is not high memory constraint like Scrypt.
Here is my thread : https://bitcointalksearch.org/topic/why-i-say-x11-and-sha3-are-not-asic-resistent-540160

I think they just choose to ignore.

reverse02

member

Activity: 86

Merit: 10

it's simply a question of STAYING REAL or SELLING OUT

SpeedDemon13

hero member

Activity: 518

Merit: 500

In reality, everything can be eventually ASIC mined eventually. But I have not heard anyone taking anything with more than one algo in an ASIC project, I could be wrong, but I'm human. I meant by high memory constraints, I meant higher than what Scrypt requires.

fenghush

sr. member

Activity: 658

Merit: 250

That fact was echoed by me and many other people including the LTC devs, they just don't care.

Quote from: IloveAnonCoin on April 02, 2014, 03:17:53 AM

The problem is every algorithm in X11 are able to create by ASIC since day one, and it is not high memory constraint like Scrypt.
Here is my thread : https://bitcointalksearch.org/topic/why-i-say-x11-and-sha3-are-not-asic-resistent-540160

IloveAnonCoin

full member

Activity: 140

Merit: 100

Quote from: SpeedDemon13 on April 02, 2014, 03:06:15 AM

Quote from: eCoinomist on April 02, 2014, 02:47:16 AM

Instead of just copying what quark and other coins have done, I think there should be long term strategic change in the hashing mechanism to make it truly ASIC and bot-net resistant.

We can't just keep hardforking Litecoin again in the future when people start building ASICS for X11.

It will be quite a while before someone figures out a ASIC for X11 or any multi-algo. ASIC's also aren't good with high memory constraint and multi-algos at the moment. ASIC seem to be more efficient with low memory and single algos.

People copy ideas from everybody eventually, it's improving on the idea that is important, ie. cars, etc.....

Evolution and adaptation is important in everything in life, same with cryptos.

I fully back the idea of the hard fork.

The problem is every algorithm in X11 are able to create by ASIC since day one, and it is not high memory constraint like Scrypt.
Here is my thread : https://bitcointalksearch.org/topic/why-i-say-x11-and-sha3-are-not-asic-resistent-540160

SpeedDemon13

hero member

Activity: 518

Merit: 500

Quote from: eCoinomist on April 02, 2014, 02:47:16 AM

Instead of just copying what quark and other coins have done, I think there should be long term strategic change in the hashing mechanism to make it truly ASIC and bot-net resistant.

We can't just keep hardforking Litecoin again in the future when people start building ASICS for X11.

It will be quite a while before someone figures out a ASIC for X11 or any multi-algo. ASIC's also aren't good with high memory constraint and multi-algos at the moment. ASIC seem to be more efficient with low memory and single algos.

People copy ideas from everybody eventually, it's improving on the idea that is important, ie. cars, etc.....

Evolution and adaptation is important in everything in life, same with cryptos.

I fully back the idea of the hard fork.

BitcoinBaBa

full member

Activity: 225

Merit: 100

Hardforking in such a large scale to a new algo could cause instability and distrust .
It can be quite destructive for ltc.

reRaise

hero member

Activity: 868

Merit: 1000

Quote from: eCoinomist on April 02, 2014, 02:47:16 AM

Instead of just copying what quark and other coins have done, I think there should be long term strategic change in the hashing mechanism to make it truly ASIC and bot-net resistant.

We can't just keep hardforking Litecoin again in the future when people start building ASICS for X11.

what did quark "just" copy, if there is copying involved it would be better to say that it got copied tons of times? and by other coins you mean litecoin too right?

Omikifuse

legendary

Activity: 1834

Merit: 1009

Quote from: eCoinomist on April 02, 2014, 02:47:16 AM

Instead of just copying what quark and other coins have done, I think there should be long term strategic change in the hashing mechanism to make it truly ASIC and bot-net resistant.

We can't just keep hardforking Litecoin again in the future when people start building ASICS for X11.

The problem is, there is none..

eCoinomist

member

Activity: 112

Merit: 10

Independent Analyst

Instead of just copying what quark and other coins have done, I think there should be long term strategic change in the hashing mechanism to make it truly ASIC and bot-net resistant.

We can't just keep hardforking Litecoin again in the future when people start building ASICS for X11.

dragonhunter

newbie

Activity: 37

Merit: 0

Quote from: Equate on April 02, 2014, 02:02:29 AM

Litecoin is made as asic resistant and it should be asic resistant.

ASIC resitant yes, ASIC proof no. We all knew ASICs will come one day.

Topic: [POLL] Would you support a Litecoin [LTC] to X11 algorithm hardfork? (Read 12805 times)