ASIC is only going to help they owner to get more money in the first monthf after it's release..
imo changing the algo is good idea, and we need to do this each year or two...
ASIC killing decentralisation ideas..we need not mant MH/s, we neew work that is hard to be done.. many people invest into ASIC not to supporting of crypto, but only to get ROI multiple times..
PS Beeker, does changing some constants in Scrypt not help for ASIC resistance?
Topic: [POLL] Would you support a Litecoin [LTC] to X11 algorithm hardfork? - page 6. (Read 12783 times)
March 31, 2014, 05:13:03 AM
March 31, 2014, 05:06:54 AM
x11 is better 
March 31, 2014, 02:19:56 AM
asic is only going to help LTC.. not sure why you'd want to hurt the coin by changing up the algo
March 31, 2014, 02:01:12 AM
Would be the best thing litecoin is dying because of Asic miner and will always farther down no action is taken, the big production companies have operated ogy Their machines are destroying the currency and currently Has 80% of the asci miner digging on this one thing and also ridiculous comes to an asci 100,000 Khash and if you put a company which Has 200 asci in stock functional and enabled on excavation explain you Because we are still falling, and with this it also leads down behind the bitcoin they need to monetize
Those who vote no and absolutely asic miner X11 brings Considerable lowering and exploitation of the hardware
Those who vote no and absolutely asic miner X11 brings Considerable lowering and exploitation of the hardware
March 31, 2014, 01:29:44 AM
Yes, the whole point behind LTC was ASIC resistant. Its time to move on once more.
March 31, 2014, 01:11:52 AM
You don't need the pools or miners.
All you need to get to change are the Fiat exchanges. Everyone else will be forced to follow.
Basically get BTC-E to change, and maybe the chinese exchanges, and you're set.
Everyone else will have no choice.
All you need to get to change are the Fiat exchanges. Everyone else will be forced to follow.
Basically get BTC-E to change, and maybe the chinese exchanges, and you're set.
Everyone else will have no choice.
March 30, 2014, 09:47:44 PM
The OP is not Litecoin dev, if you want to clone, then clone. Don't try to ack like you are Litecoin dev. You cannot do anything about Litecoin. If you are not Coblee, or Warren, or Pooler, please don't BS.
March 30, 2014, 09:09:19 PM
So if a hard fork does happen, that means I effectively have double the coins. I sell once at Cryptsy on the regular Scrypt LTC, and then I sell my same address coins on the X11 LTC chain (probably hosted on some shit exhange). What's your plan to stop that from happening?
Questions aside, your either going to double the value of my LTC or half it. More then likely half it.
Make your own coin don't touch LTC.
Questions aside, your either going to double the value of my LTC or half it. More then likely half it.
Make your own coin don't touch LTC.
March 30, 2014, 08:59:02 PM
Yes, of course, but I don't think LTC has any future. I'd rather see Doge hardfork to X11 because Doge is the future.
if doge is the future support hardfork of LTC to X11.being the next biggest scrypt coin, doge will gain the support of the scrypt asics to strengthen its blockchain, and LTC-X11 will fail.
So it's important for doge to move to X11 as well.
While I can see Doge changing due to popular opinion, or even in worse case vocal loud mouths on the Internet, that doesn't really matter much because it's a coin for fun and giggles.
Litecoin is not. It is a coin where people invest or look as a plan B if Bitcoin's decentralized trustless system fails. Hardforking litecoin so that it can be ASIC resistant is opening a can of worms and making a mockery of the scene. So where's the decentralized trustless coin that an authority can't revoke? Can the next Litecoin fork blacklist addresses or force to register at some website too?
And I say this being a GPU miner and without having invested in Litecoin. So, if someone came up with ASICs and miners will robustly mine Litecoins, pushing forward transactions and securing the blockchain, then I just have to adapt to a situation where the greater good prevails and move my gpus elsewhere
March 30, 2014, 08:51:53 PM
Yes, of course, but I don't think LTC has any future. I'd rather see Doge hardfork to X11 because Doge is the future.
if doge is the future support hardfork of LTC to X11.being the next biggest scrypt coin, doge will gain the support of the scrypt asics to strengthen its blockchain, and LTC-X11 will fail.
So it's important for doge to move to X11 as well.
regarding the 'community', i'd bet less than 1% of the doge 'community' mines. most people don't care to learn how to mine.
the currency generated by mining is not as important as the mining nodes which are responsible for the blockchain, and to pass along transactions.
look at the power consumption for 20mhash/sec of GPU, vs. the power consumption for 20mhash/sec of ASIC. asics will be left on and mining long after GPU has been turned off.
i believe asics secure coins.
March 30, 2014, 08:50:08 PM
Yes, of course, but I don't think LTC has any future. I'd rather see Doge hardfork to X11 because Doge is the future.
if doge is the future support hardfork of LTC to X11.being the next biggest scrypt coin, doge will gain the support of the scrypt asics to strengthen its blockchain, and LTC-X11 will fail.
So it's important for doge to move to X11 as well.
March 30, 2014, 08:47:28 PM
Yes, of course, but I don't think LTC has any future. I'd rather see Doge hardfork to X11 because Doge is the future.
if doge is the future support hardfork of LTC to X11.being the next biggest scrypt coin, doge will gain the support of the scrypt asics to strengthen its blockchain, and LTC-X11 will fail.
March 30, 2014, 08:44:52 PM
Yes, of course, but I don't think LTC has any future. I'd rather see Doge hardfork to X11 because Doge is the future.
March 30, 2014, 08:25:50 PM
Let's set some shit straight:
ASIC's do not make a currency more or less secure, because ASIC's cost more than pocket change but not immence amount, small companies instead of individuals are going to be in charge of the network. Indirectly manufacturers of ASIC's also have influence.
Bitcoin is already a currency mined entirely by ASIC's. It has Upsides and Downsides.
Litecoin should be interesting, even if X11 is not that GPU resistant would mean that manufacturers will be discouraged from making ASICS for it, since Litecoin would just switch again. A GPU does have respectable amount of computing power, so if one was to design an algorithm for executing which GPU would be a perfect platform, gainst in performance achieved by ASIC's would be negligible, and thus the network could not be hijacked even if malicious entity would be willing to design their own chips (highly improbably)
Dude to all of the above X11 is a step in the right direction, thus i support this.
ASIC's do not make a currency more or less secure, because ASIC's cost more than pocket change but not immence amount, small companies instead of individuals are going to be in charge of the network. Indirectly manufacturers of ASIC's also have influence.
Bitcoin is already a currency mined entirely by ASIC's. It has Upsides and Downsides.
Litecoin should be interesting, even if X11 is not that GPU resistant would mean that manufacturers will be discouraged from making ASICS for it, since Litecoin would just switch again. A GPU does have respectable amount of computing power, so if one was to design an algorithm for executing which GPU would be a perfect platform, gainst in performance achieved by ASIC's would be negligible, and thus the network could not be hijacked even if malicious entity would be willing to design their own chips (highly improbably)
Dude to all of the above X11 is a step in the right direction, thus i support this.
If you want to fork the coin to x11 for these reasons, you'll basically give the scrypt coin birthright away to doge.
the largest scrypt coins are on track to be secured by scrypt asics. for litecoin to survive long term it needs massive asic support. power hungry gpu mining litecoin is an obsolete activity.
March 30, 2014, 08:25:06 PM
this idea is beyond dumb scrypt asics will only increase the price, if you change the algo you would ruin ltc............ price would drop under 5$
March 30, 2014, 08:20:31 PM
Let's set some shit straight:
ASIC's do not make a currency more or less secure, because ASIC's cost more than pocket change but not immence amount, small companies instead of individuals are going to be in charge of the network. Indirectly manufacturers of ASIC's also have influence.
Bitcoin is already a currency mined entirely by ASIC's. It has Upsides and Downsides.
Litecoin should be interesting, even if X11 is not that GPU resistant would mean that manufacturers will be discouraged from making ASICS for it, since Litecoin would just switch again. A GPU does have respectable amount of computing power, so if one was to design an algorithm for executing which GPU would be a perfect platform, gainst in performance achieved by ASIC's would be negligible, and thus the network could not be hijacked even if malicious entity would be willing to design their own chips (highly improbably)
Dude to all of the above X11 is a step in the right direction, thus i support this.
ASIC's do not make a currency more or less secure, because ASIC's cost more than pocket change but not immence amount, small companies instead of individuals are going to be in charge of the network. Indirectly manufacturers of ASIC's also have influence.
Bitcoin is already a currency mined entirely by ASIC's. It has Upsides and Downsides.
Litecoin should be interesting, even if X11 is not that GPU resistant would mean that manufacturers will be discouraged from making ASICS for it, since Litecoin would just switch again. A GPU does have respectable amount of computing power, so if one was to design an algorithm for executing which GPU would be a perfect platform, gainst in performance achieved by ASIC's would be negligible, and thus the network could not be hijacked even if malicious entity would be willing to design their own chips (highly improbably)
Dude to all of the above X11 is a step in the right direction, thus i support this.
++1 Two thumbs up!
March 30, 2014, 08:03:08 PM
Take care 
March 30, 2014, 08:01:08 PM
Let's set some shit straight:
ASIC's do not make a currency more or less secure, because ASIC's cost more than pocket change but not immence amount, small companies instead of individuals are going to be in charge of the network. Indirectly manufacturers of ASIC's also have influence.
Bitcoin is already a currency mined entirely by ASIC's. It has Upsides and Downsides.
Litecoin should be interesting, even if X11 is not that GPU resistant would mean that manufacturers will be discouraged from making ASICS for it, since Litecoin would just switch again. A GPU does have respectable amount of computing power, so if one was to design an algorithm for executing which GPU would be a perfect platform, gainst in performance achieved by ASIC's would be negligible, and thus the network could not be hijacked even if malicious entity would be willing to design their own chips (highly improbably)
Dude to all of the above X11 is a step in the right direction, thus i support this.
ASIC's do not make a currency more or less secure, because ASIC's cost more than pocket change but not immence amount, small companies instead of individuals are going to be in charge of the network. Indirectly manufacturers of ASIC's also have influence.
Bitcoin is already a currency mined entirely by ASIC's. It has Upsides and Downsides.
Litecoin should be interesting, even if X11 is not that GPU resistant would mean that manufacturers will be discouraged from making ASICS for it, since Litecoin would just switch again. A GPU does have respectable amount of computing power, so if one was to design an algorithm for executing which GPU would be a perfect platform, gainst in performance achieved by ASIC's would be negligible, and thus the network could not be hijacked even if malicious entity would be willing to design their own chips (highly improbably)
Dude to all of the above X11 is a step in the right direction, thus i support this.
March 30, 2014, 07:47:03 PM
The hard part is to get a majority of the pools, exchanges, shops and users to use the new hardforked client.
We are now working on the hard part.
We are now working on the hard part.
There's alot of really really stupid ideas in this subsection, this is close to the top
March 30, 2014, 07:38:13 PM
If it's an algorithm that benefits cpu miners, I can't see all the current GPU scrypt miners supporting it.
not all of the GPU miners, at least. if litecoin switches to x11, at least they can finally ditch all of those horrible, bottom-feeding Cuda miners.
forget asic hating; nvidia sells poisoned milk to school children, i shit you not
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