if cgminer now supports scrypt, does this mean my FPGA array can mine LTC?
No. Unless your FPGAs can support scrypt too.
Topic: Using mining gear for other financial purposes? - page 2. (Read 6113 times)
No. Unless your FPGAs can support scrypt too.
Good point - ASICs and FPGAs made for bitcoin solving can't be used for Litecoin, so reaper gives GPU owners a chance to keep earning. I don't think it was what the OP was getting at though.
cgminer also supports scrypt nowI have been wondering on this topic since about a month after I opened the pool
whoever solves this could become very wealthy
We have a huge resource thats great for sha256, how can we use this resource for other applications. And more importantly how do we sell this to the market we identify
"Hi I have a bunch of home computers in a distributed computing network, can I sell you some hashpower" - sounds legit
if cgminer now supports scrypt, does this mean my FPGA array can mine LTC?
Would OpenCL be any good for writing programs that emulate neural networks? I don't know how one would make money doing this, but it's something I would enjoy at least as a hobby.
At the beginning, I had way too many Nvidia GPU used for F@H, So I though of a market were one could pay BTC for F@H credits sent under his name or team. (ex. Chimp Challenge) http://forums.overclockers.com.au/showthread.php?t=1027661
It would have been a way for ATI owner or BTC riches to participate in F@H.
BTC's ease of small payment and small fees would have been the enabling feature.
It would have been a way for ATI owner or BTC riches to participate in F@H.
BTC's ease of small payment and small fees would have been the enabling feature.
Good point - ASICs and FPGAs made for bitcoin solving can't be used for Litecoin, so reaper gives GPU owners a chance to keep earning. I don't think it was what the OP was getting at though.
cgminer also supports scrypt nowI have been wondering on this topic since about a month after I opened the pool
whoever solves this could become very wealthy
We have a huge resource thats great for sha256, how can we use this resource for other applications. And more importantly how do we sell this to the market we identify
"Hi I have a bunch of home computers in a distributed computing network, can I sell you some hashpower" - sounds legit
Good point - ASICs and FPGAs made for bitcoin solving can't be used for Litecoin, so reaper gives GPU owners a chance to keep earning. I don't think it was what the OP was getting at though.
Litecoin
BOINC does have some sort of credit system. Shouldn't be too hard to change it to a different payment system - say, based on bitcoin for ease of payment.
While BOINC seems like a perfect thing, it lack payment plans. It is actually incredible Bitcoin is the first and one and only project that allows people to utilize processing power to earn money. This should by now be a common business model.
BOINC does something similar to that which you propose.
The problem for a pool operator is that they'd need to release a new client (or new module) for every new job that needs to be done. The work would have to be profitable to make this worth while. Soon though it might be the only way GPU owners can profit since ASIC and FPGA miners will arrive soon - but they can only calculate SHA256 hashes, whereas GPUs can perform any calculation available to OpenCL/CUDA.
The problem for a pool operator is that they'd need to release a new client (or new module) for every new job that needs to be done. The work would have to be profitable to make this worth while. Soon though it might be the only way GPU owners can profit since ASIC and FPGA miners will arrive soon - but they can only calculate SHA256 hashes, whereas GPUs can perform any calculation available to OpenCL/CUDA.
Hmm I find it hard to believe all this processing power cannot be utilized more efficient. There are tons of universities, government agencies and what not out there that needs to solve complex problems. There must be a better way to utilize all this power beside mining Bitcoin.
password cracking, of course.
I think I saw a thread somewhere on the forum that came up with solutions on where to utilize the computing power most people may have here.
This thread?
- https://bitcointalksearch.org/topic/what-to-do-with-my-gpus-when-asic-arrives-94192
what about generating vainty addresses?
I think I saw a thread somewhere on the forum that came up with solutions on where to utilize the computing power most people may have here. However not on the Bitcoin network, but for renting it out to other companies or agents that would be able to sell the computing power.
I am just thinking as a plan B if everything fails in regards to mining on the Bitcoin network.
Anyone has any suggestions for where someone can utilize high performance computing?
I am just thinking as a plan B if everything fails in regards to mining on the Bitcoin network.
Anyone has any suggestions for where someone can utilize high performance computing?
You can look around russian hacking/cracking forums and see if anyone is in need of cracking hashed passwords.
i have been looking for the same, and didnt find anything which worth more then ele... costs 
but of course you can mine another currencies 
but of course you can mine another currencies
I think I saw a thread somewhere on the forum that came up with solutions on where to utilize the computing power most people may have here. However not on the Bitcoin network, but for renting it out to other companies or agents that would be able to sell the computing power.
I am just thinking as a plan B if everything fails in regards to mining on the Bitcoin network.
Anyone has any suggestions for where someone can utilize high performance computing?
I am just thinking as a plan B if everything fails in regards to mining on the Bitcoin network.
Anyone has any suggestions for where someone can utilize high performance computing?
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