who would buy at that price.
KnCMiner, one of the few cryotcurrency miner companies that tend to ship product, has announced that they sold $2 million worth of their scrypt mining Titan rigs in four hours, a new record for the company.
Topic: small miners we are all $crewed KNC scrypt 100 mega hashes - page 3. (Read 5174 times)
who would buy at that price.
KnCMiner, one of the few cryotcurrency miner companies that tend to ship product, has announced that they sold $2 million worth of their scrypt mining Titan rigs in four hours, a new record for the company.
You guys are freaking out for nothing. This is a good thing! Scrypt ASICs will destroy 99% of all the shit coins that exist today. LTC will survive along with a select few, but everything else is dead meat. The surviving scrypt coins' difficulties will skyrocket, and ASICs will fall to the same profitability levels as GPUs. GPUs will move on to different more profitable algos, simple as that.
There is only one winner here and that is the Scrypt ASIC manufacturers like gridseed and KNC.
Eg try find me BTC miner which with deal woth ROI ? now...
same will be with LTC soon many companies entered that market.
With such ASIC on scrypt all alrguments that LTC > BTC are pointless in principals...
LTC was win becouse it was ASICs free.
Without anty ASICs argument LTC scrypt coins will share fate of coins like ZET,ASCI coins without userbase and big attention.
With such ASICs there is no difrence between LTC and BTC... seriously ah 4x more coins... and lower block time... But that is all...
who would buy at that price.
You guys are freaking out for nothing. This is a good thing! Scrypt ASICs will destroy 99% of all the shit coins that exist today. LTC will survive along with a select few, but everything else is dead meat. The surviving scrypt coins' difficulties will skyrocket, and ASICs will fall to the same profitability levels as GPUs. GPUs will move on to different more profitable algos, simple as that.
There is only one winner here and that is the Scrypt ASIC manufacturers like gridseed and KNC.
You guys are freaking out for nothing. This is a good thing! Scrypt ASICs will destroy 99% of all the shit coins that exist today. LTC will survive along with a select few, but everything else is dead meat. The surviving scrypt coins' difficulties will skyrocket, and ASICs will fall to the same profitability levels as GPUs. GPUs will move on to different more profitable algos, simple as that.
$10k ... wow, wish I had that kind of cash laying around:
https://www.kncminer.com/categories/litecoin-mining-hardware
https://www.kncminer.com/categories/litecoin-mining-hardware
ROI will be a big question.
Within a week those 100 mh/s machines will be making less than $20/day.
These will make most coins values plummet
Guys, prices of coins are not related to whether the network has ASICs or not. Please stop reiterating bullshit you heard from someone. Period.
Exactly, you can't mine more than coin's daily limit is, with or without ASICs.
You're not getting it. The same amount of coins will be mined, but more will be dumped.
where's EL Dude we need his educated opinion on all this ! : D
What will happen?
Coins will change the also or evolve into algo's that are scrypt resistent.
~BCX~
Article link: http://www.coindesk.com/kncminer-accepting-pre-orders-first-scrypt-miner-titan/
Coins will change the also or evolve into algo's that are scrypt resistent.
~BCX~
Article link: http://www.coindesk.com/kncminer-accepting-pre-orders-first-scrypt-miner-titan/
here's another article that pre-dates that one:
http://kolinevans.wordpress.com/2014/03/02/why-there-could-be-a-mini-revolution-occuring-in-crypto-currency/
I think this can potentially spell the death for many of the Scrypt alts. Not that that's a bad thing 
Ok so we switch to another algo. Its still not LTC. LTC will be the one going up in price because it will have big money flowing in. Any alternative to asic scrypt coins will have to compete with LTC for big money traders. And guess what those traders do'nt give a crayp about decentralized coins, only profits. LTC was unique because it had traders and miners all in one, now anti asic coins will be filled with mostly miners only.
i'm brand new to the mining but i've been inundating myself with cryptos for a bit now. since this new knc will yet again smash the little people.
what do you think are best anti asic cryptos to mine and why?
what do you think are best anti asic cryptos to mine and why?
I'm going all in on CGA. Asics won't be able to exploit it since a rising hashrate could seriously diminish and stop all returns. That's my theory at least. It already goes to almost all zero rewards whenever the nethash goes above a few hundred MH.
sweet thanks i'll definitly look into it
These will make most coins values plummet
Guys, prices of coins are not related to whether the network has ASICs or not. Please stop reiterating bullshit you heard from someone. Period.
Exactly, you can't mine more than coin's daily limit is, with or without ASICs.
it will probably turn out like the asics for btc, most people won't see a return for what they spent... Kind of like buying a new car off the lot then loosing $5k as soon as you leave the lot..
blah blah, GPUs aka everyone will dump scrypt and move to another algorithm.
How about "Phasecoin", the rotating algorithm coin that will cripple the ASIC movement? (this has probably already been done, I don't research too many coins)
Quark and it's clones do this, 6 different algos, 9 hashing rounds, the last 3 rounds are random. How about "Phasecoin", the rotating algorithm coin that will cripple the ASIC movement? (this has probably already been done, I don't research too many coins)
i'm brand new to the mining but i've been inundating myself with cryptos for a bit now. since this new knc will yet again smash the little people.
what do you think are best anti asic cryptos to mine and why?
what do you think are best anti asic cryptos to mine and why?
I'm going all in on CGA. Asics won't be able to exploit it since a rising hashrate could seriously diminish and stop all returns. That's my theory at least. It already goes to almost all zero rewards whenever the nethash goes above a few hundred MH.
History shows what will happen. As asic miners come on line, difficulty will increase and so will the coin price. It will be a repeat of what has happened to bitcoin over the last few years.
blah blah, GPUs aka everyone will dump scrypt and move to another algorithm.
How about "Phasecoin", the rotating algorithm coin that will cripple the ASIC movement? (this has probably already been done, I don't research too many coins)
How about "Phasecoin", the rotating algorithm coin that will cripple the ASIC movement? (this has probably already been done, I don't research too many coins)
i'm brand new to the mining but i've been inundating myself with cryptos for a bit now. since this new knc will yet again smash the little people.
what do you think are best anti asic cryptos to mine and why?
what do you think are best anti asic cryptos to mine and why?
This wont just affect scrypt coins. GPU miners will leave the scrypt coins alone and start mining scrypt-n, X11, and keccak instead. That means higher hashrates all round. Darkcoin (X11) is already pretty unprofitable even with lower power costs. This is going to make things worse for everyone.
Altcoin winter is coming.
(bring it on - the weak must perish)
Altcoin winter is coming.
(bring it on - the weak must perish)
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