small miners we are all $crewed KNC scrypt 100 mega hashes - page 4.

kalus

sr. member

Activity: 420

Merit: 263

let's make a deal.

Quote from: raymarius on March 19, 2014, 02:00:04 PM

Brace yourself and prepare for plan B. KnCMiner Scrypt ASIC‎ will soon be here.

how soon? Q3 2014?

KnC scrypt miner may soon be here, but Christmas will soon be here too.

as long as small miners didn't pay insane amounts of money for their hardware there's ample time to break even.

chesthing

legendary

Activity: 1414

Merit: 1000

The higher difficulties alone will make gpu mining unprofitable and asics scrypt miners very unlikely to ever make a profit. We can agree to disagree about what will happen to the values, but it doesn't really matter - see point one.

peterlustig

sr. member

Activity: 812

Merit: 250

The Fourth Generation of Blockchain in DeFi

More hashpower doesn't mean more coins if the coin has a proper difficulty retarget mechanism.

chesthing

legendary

Activity: 1414

Merit: 1000

All I know is the difficulty will skyrocket but more coins WILL be mined with the new asics. The only way these additional coins being dumped on the exchanges won't cause decreasing values is if people buy more of them with btc. Barring that the values for most will decrease and many coins will be killed off (a good thing).
Btw, btc asics replaced, not added to scrypt miners. After that happened, a shitload of fiat came into the picture which raised the price. Do you see a shitload of fiat coming in to altcoins?

raymarius

member

Activity: 81

Merit: 10

Quote from: chesthing on March 19, 2014, 05:00:40 PM

Quote from: raymarius on March 19, 2014, 04:13:44 PM

Quote from: chesthing on March 19, 2014, 04:03:44 PM

Quote from: devphp on March 19, 2014, 03:37:13 PM

Quote from: chesthing on March 19, 2014, 03:10:05 PM

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.

I'm not reiterating, I'm using common sense. Unlike you.

I hate to disagree, but the supply of coins per day is limited and does not depend on mining power. All asic will do is concentrate the coins in the hand of a few rich guys.

I imagine a lot of asics will be pointed at Middlecoin and Wafflepool. Please explain how the current hashrate of these pools doubling will not result in lower values of coins?

look I am not sure, but did the introduction of asic in bitcoin result in lower price?

chesthing

legendary

Activity: 1414

Merit: 1000

Quote from: raymarius on March 19, 2014, 04:13:44 PM

Quote from: chesthing on March 19, 2014, 04:03:44 PM

Quote from: devphp on March 19, 2014, 03:37:13 PM

Quote from: chesthing on March 19, 2014, 03:10:05 PM

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.

I'm not reiterating, I'm using common sense. Unlike you.

I hate to disagree, but the supply of coins per day is limited and does not depend on mining power. All asic will do is concentrate the coins in the hand of a few rich guys.

I imagine a lot of asics will be pointed at Middlecoin and Wafflepool. Please explain how the current hashrate of these pools doubling will not result in lower values of coins?

peterlustig

sr. member

Activity: 812

Merit: 250

The Fourth Generation of Blockchain in DeFi

Quote from: Zzzack on March 19, 2014, 04:49:49 PM

Will CPU coins like Particle (what i mine on my laptop), Quark, FairQuark get a price rise because of this?

Those coins can also be mined with a GPU but not with an ASIC, so probably yes.

Zzzack

full member

Activity: 168

Merit: 100

Will CPU coins like Particle (what i mine on my laptop), Quark, FairQuark get a price rise because of this?

Amph

legendary

Activity: 3248

Merit: 1070

actually is not just scrypt-n, but also some other algo like the one that syncoin use, these algo are all anti-asic

raymarius

member

Activity: 81

Merit: 10

Quote from: Amph on March 19, 2014, 04:21:51 PM

please explain. stop being a tease you dik Cheesy

raymarius

member

Activity: 81

Merit: 10

I guess natural selection is a goodthing in the long run Sad

, pity it wont be us who are selected.

Amph

legendary

Activity: 3248

Merit: 1070

greentea

legendary

Activity: 1418

Merit: 1002

Quote from: illodin on March 19, 2014, 04:16:20 PM

Ouch.. one asic can 51% a whole lot of scrypt coins. Tongue

Imagine someone with deep pockets who buys 10 of those can do ... Grin

illodin

hero member

Activity: 966

Merit: 1003

Ouch.. one asic can 51% a whole lot of scrypt coins. Tongue

raymarius

member

Activity: 81

Merit: 10

Quote from: sudoku on March 19, 2014, 04:11:59 PM

Quote from: raymarius on March 19, 2014, 04:00:27 PM

I feel very tiny with my 2.5 megahash rig right now Sad

. Hopefully VERTCOIN is still around to save my ass.

Geez that's more than my 1.4 mh/s.

lol

you are even more fxxked buddy lol

raymarius

member

Activity: 81

Merit: 10

Quote from: chesthing on March 19, 2014, 04:03:44 PM

Quote from: devphp on March 19, 2014, 03:37:13 PM

Quote from: chesthing on March 19, 2014, 03:10:05 PM

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.

I'm not reiterating, I'm using common sense. Unlike you.

I hate to disagree, but the supply of coins per day is limited and does not depend on mining power. All asic will do is concentrate the coins in the hand of a few rich guys.

sudoku

full member

Activity: 126

Merit: 100