What would happen if ASIC on Scrypt chain? - page 2.

Bakemono

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Quote from: Stephen Gornick on September 05, 2013, 12:15:01 PM

If the units are intended to be used in a 51% attack, then it is lights out for whatever Scyrpt-based alt(S) they target.

But the recent bitcoin history is teaching us that there isn't anyone out there that is both idiot and eccentric enough to try a 51% attack with asics...

og kush420

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from what i understand an asic designed for scrypt would be much less relatively effective as bitcoin asic's are

Stephen Gornick

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Quote from: mistercoin on September 05, 2013, 11:40:31 AM

In technical terms, what would happen if someone with a bunch of ASIC miners pushed their machines onto a Scrypt chain?

Obviously, an ASIC for SHA256 mining cannot do Scrypt mining.

So you are asking what would happen if an ASIC that does Scrypt were invented?

It probably depends on how the ASICs are put into play. If they are intended to be units for sale to the public, then it might be something that would benefit the leading Scrypt-based alt. If the units are intended to be used in a 51% attack, then it is lights out for whatever Scyrpt-based alt(S) they target.

Tomatocage

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brb keeping up with the Kardashians

Rumor has it that this has already happened (Scrypt ASIC), then they stopped mining, which is the cause for the projected 15% drop in difficulty next round.

mistercoin

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https://r.honeygain.me/XEDDM2B07C

Just a thought. In technical terms, what would happen if someone with a bunch of ASIC miners pushed their machines onto a Scrypt chain? Would absolutley nothing happen to the netowrk? Would it cause unstableness in the chain? What would happen. Im betting that something has to happen. But thats just a thought..

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