Topic: thoughts on the new KNC scrypt miner & the effect it will have on scrypt mining (Read 1361 times)

This is assuming you get the device today (you used the current difficulty, well, almost).
LTC has had its difficulty increase by about 60% the last month, so assuming this rate continue until the time they deliver their miner, you can expect a difficulty of about 14,750, which means your ROI is 54.58 days.
And TBH, 2 months ROI with this is almost guarantee that you won't see ROI at all or barely make any profit.

This of course doesn't include LTC price change (up or down).

Scrypt is Scrypt and it represent just a certain algorithm. Any coin currently that uses it can be mined with said miner, but coins that are based on different algo can't be mined with it.

Don't think anyone can answer you that unless they worked at KnC at the time. But when you think about it, and not even that hard, it's the only logical move from a monetary POV.
They are in the business of making money, and to maximize profit, they should mine with the miner themselves and than sell it.
And please don't bring up the gold rush / shovel sellers analogy, it's so retarded and completely irrelevant to cryptocurrency and how it works.

You don't need to see a spike as obvious as you imagine. They could easily just add a single miner to their farm once a day and you'd never see a sudden spike in network hashrate. You would however, see an increase in hashrate similiar to an exponential growth graph.
Keep in mind that you will need to add up the total network of all Scrypt coins together in order to see it.

So right now
http://www.coinwarz.com/calculators/litecoin-mining-calculator/?h=100000&p=1000&pc=0.10&pf=0.00&d=5835.41677649&r=50.00000000&er=0.02781000&btcer=577.51000000&hc=10000 (not sure about wattage of this thing)
Days to break even: 36.44 Day(s)

Would be interesting to see what happens in a few months.

Problem can be for LTC price that those owners of KNC miner will want ASAP they invested money back few 1st people will do it but next baches will be questionable.
Just look at LTC hashspeed and other coins.
High ROI foe next miners deesn't mean higher prices just look at BTC... who cares about 3Ths when price is tanking.
If ASICs miners will mine only for $ whole system will need a lot new money combine that with 30% LTC inflation this year.
Anyway LTC will lose some fans to and will have smaller community over time GPU miners will leave LTC for sure.

That's the thing, I ran the numbers for those who will get the FIRST batch (3 months from now which is the middle of KnCs target date) and even those people won't see ROI.

What would be the difference between LTC and BTC once scrypt ASICs are fully introduced? Virtually none.

Why would you expect LTC price going straight up then?

To me it makes no sense. Scrypt ASICs will destroy shitty coins, and as best give a brief bump on LTC and perhaps DOGE, then the price will go straight down and again, BTC will continue dominating the market.

alot of people have been looking at this sensibly. Think about it, 100 hashes with $10000, Now if profitability even drops to 0.003 or 4 per hash, you make back your equipment in 1 to 2 months. No way in HELL , on paper i will write this will be doable. KNC will use and abuse these machines and pass them on to consumers after all the fun is done with and we will see another cycle of bitcoin get repeated. ALSO lets be realistic, LTC to shoot up $100 + is going to be a fucking long shot. BTC is in rough ground right now, no one really know what the future holds (guess thats why its called speculation) and i know for a fact that once these ASICS come out ppl will DUMP ALL THEIR fucking coins to BTC driving all scrypt alt coins down .Yes i know that more hashes doesnt mean more coins but people will stop bag holding because they will want to recoup their investment that means sell it for whatever they can get.

Once KNC get their own farm of these online first it's going to make ROI a joke.

GPU miners are going to all switch over to different algo coins.

BTW I love how their ads say 'only 2500 units for preorder! almost sold out!'... there is still over 1900 of the preorder left lol.

If the Titan is real, I believe they are using it now.  And why would ASICs raise the price?  As more multipools join in right now the prices have been going down for almost every other coin, some becoming worthless and not included within a week of being adopted.  Even with tens of thousands of MH pushing shitcoin blocks through, the prices are STILL dropping.  ASICs will just make those running only scrypt worth even less.  LTC might be the only exception, but that is a far shot in my book.

the people who get them first will be fine. it is the people who get them months late AND after the
asic companies mine the crap out of them.. will be in rough shape.

KNC will obviously mine the shit out of the chips before shipping.

It is a race to the bottom. I agree buying some cheap LTC would probably be smarter if you think it will go up.

Can I know the reason you actually invested in 2 of those? I've been running numbers and even when I'm optimistic, those miners, once they hit the market, will never see ROI.
If you hope LTC will jump in value than you should of just bought LTC.
So why on earth did you invest so much without doing basic homework? And if you did, can I see your numbers?

Yup, For example Vertcoin.

It's curtains for scrypt mining.

Diff is going to go up for the most profitable scrypt coins. Gpu ppl move to other coins that are more asic resistant.

What's this doing in meta? You can move it to the relevant forum at the bottom left (I think).

gone............