Topic: small miners we are all $crewed KNC scrypt 100 mega hashes - page 2. (Read 5174 times)

Totally agree.

The 2014 massacre of shit alts.

Move to another algo. That was the whole point of altcoins: moving to an algo that didn't have ASICs. Now that asics are coming, time to move on.

This, exactly the same that happened one year ago.

Expect Vertcoin 20 bucks in one year

Time to mine skein. https://bitcointalksearch.org/topic/ann-skc-skeincoin-0931-skein-sha2-322828

KnC announced they'll release 2500 100MH miners initially. Good luck trying to get your "investment" back to anyone who purchases one.

Furthermore, as a relatively small miner, I really don't care. I started mining bitcoin with GPUs back in 2011. Some of those same GPUs are still mining scrypt coins. Later this year, they'll be mining quark, X11, scrypt-jane, vert, or keccak coins. And I'll still be making money.

Small GPU miners are FAR from dead. I have been mining DRK since discovering it couple of months ago and also flirted with Adaptive-N (Vertcoin) and Scrypt Jane.

DRK/X11 wins hands down because the same rig which was sucking 1250W on the wall runs great at ~600W and runs 50% cooler/very quiet. Add to the fact that it has a surging community, one of the best developers and a great list of innovative features already implemented and going live down the road, this will be the coin GPU miners will be flocking to once they discover it. Recently a DRK clone without the DarkSend/anonymity features was also launched which exposed X11 to small miners.

I still see big whale farms dumping GPU in small pockets here and there because they have the capital to invest in Scrypt ASICs and their success depends on scalability, so this might lead to short term correction in GPU pricing. Once the X11 valuation soars (DarkSend or otherwise) and is adopted by small miners, the demand will be right back. I don't think GPUs will flood the used card market as much as it has been talked about for the last few months in anticipation of Scrypt ASICs.

Scrypt ASICs are also flirting in dangerous territory. It was a different ball game with BitCoin ASICs and we have seen how much of a struggle even trying to be #2 is for Litecoin.

Bring on the ASICs , look at what happened to the price of bitcoin when ASICs were introduced.


litecoin will raise all other  scrypt coins will get 51% .

 

I think when more money goes in to buy hardware, the more the coin is worth. So the scrypt asic is good for scrypt coins I guess.

They sold 200 of them yesterday, im amassing bitcoin for 4 units between myself and a mining cooperative.

Good news for Quark and POS coins ...

Gridseed china have been using (and selling) Scrypt ASIC farms of up to 1 ghs maybe more, since early feb late jan. About the time the multipool profit per MH'S went from 0.015btc per mhs per day to 0.06 btc per mhs per day.

Any non asic proof scrypt coin, like litecoin/ dogecoin, will be mined and dumped like no tomorrow. The future is very Drk
GPU rigs are here to stay.

PS still waiting for a scrypt ASIC coin multipool!

Zeusminer looks pretty good.
I have made a pre-order with them as they offer a small usb miner for just 100 dollars.
Small risk, plus paypal + CC also gives some sense of security

What race? The pre-order, vaporware, "we promise we will deliver on time" race? There are already plenty people with Gridseed Asics in hand, mining away.

For example, look at this: https://bitcointalksearch.org/topic/howto-run-50-gridseed-miners-off-a-single-windows-7-x64-machine-w-downloads-502038

KNC offered buyers who had pre-ordered a Neptune (~3TH/s bitcoin miner) to be exchanged for a pre-order of the Titan (100 MH/s scrypt).

I took the opportunity, because 3 TH isn't much anymore -- only about 0.3 today and a lot worse at delivery time -- and the Titan looks more promising on ROI.

The price of Litecoin will go up with two dynamics: The ASIC revolution in the Litecoin network (as happend with Bitcoin) -- and also when the price of Bitcoin rises -- it will pull Litecoin and other altcoins up with it.

We've seen both dynamics in the past year, and this will happen again.

There are three major developers that I know of racing to get the Litecoin ASIC in first: UK-based Alpha Technology, Netherlands-based Mining ASIC Technologies, and now also the Swedish KNC.

Does anyone know of any others?

I don't know which one will be the first to win the race, but I got orders running with all three.

Probably raise them.
I think we will see a big spike in Scrypt-N when the first Scrypt miners come out.

It is many small Scrypt coins that will be screwed. They will get mined to a high difficulty and then left there. KGW offers a solution that will suddently become much more popular, the other concern is that these ASICs will put 51% abilities in the hands of many people so automatic checkpointing will also become the norm. Or take the brave step and move hashing solution completely.

Scrypt-N and Adaptive-N are both somewhat GPU unfriendly with variable N factors prove popular with GPU miners as there are alternative.

There is also X11 by Evan Duffield which contends to be the next gen hashing solution. There are two X11 coins so far, Hirocoin and Darkcoin. Both are well done if you check GitHub with Darkcoin promising anonymous transactions.

There will probably be other interesting solution coming from more well known coins preparing to duck the ASICs.

Whatever takes the next tier hashing crown could have a similar experience to what Litecoin and the other Scrypt coins at the time had when GPU miners came over from SHA-256.

they should fork bitcoin too, to scrypt-n

It's easy to hardfork existing coins to Scrypt-N or other algo's.
That's why I don't invest in Scrypt ASIC's.

As the GPu rigs start to mine the Alternative algo coins in greater numbers: vert/ drk/ max etc what will this do to the prices of these coins?

Look at ROI soon ... when it arrive and now on coin warz LTC is almost on top no shielded by shitcopies.
Revolution is comming when all ASICs will mine LTC for $ and when it have 30% inflation this year dear god do yo know how much money it will cost to keep their price ?