Yes, but that takes some time ...
I believe, that new algos will be released every time, an algo is cracked and then can be mined with ASICs. But I don't know much about this topic.
It's important for me, that I can use the new graphics card for getting more money than I make with my HD 7850 at this time (~100€ per month). I don't care, if the algorhythms name is Scrypt, SHA-256 or anything else ...
But, when I mine Scrypt with a GPU, when everyone buys/has ASICs, I can't get even a half-decent amount of BTC/money - that's the problem.
Topic: What's after Scrypt? (Read 961 times)
What happens, when the Scrypt algorhythm is "destroyed" by the new ASICs (from the sight of GPU miners)?
Is a next algo only for CPU/GPU planned, which will then be used for the most coins? I heard, that the algo from Quark, Protoshares etc. is now compatible with GPUs. Will the next coins use this algorhythm for mining, or another?
The reason is: I'm thinking about buying an HD 7950, but when the ASICs for Scrypt are available, the card could become "worthless" for mining.
If this is going to happen, I keep my silent HD 7850 and use it for mining Scrypt, as long as possible/senseful.
Thanks in advance, I hope you can answer my questions
Is a next algo only for CPU/GPU planned, which will then be used for the most coins? I heard, that the algo from Quark, Protoshares etc. is now compatible with GPUs. Will the next coins use this algorhythm for mining, or another?
The reason is: I'm thinking about buying an HD 7950, but when the ASICs for Scrypt are available, the card could become "worthless" for mining.
If this is going to happen, I keep my silent HD 7850 and use it for mining Scrypt, as long as possible/senseful.
Thanks in advance, I hope you can answer my questions
I myself believe that every coin would eventually be able to mine using "ASICs", look at litecoin difficulty.
What happens, when the Scrypt algorhythm is "destroyed" by the new ASICs (from the sight of GPU miners)?
Is a next algo only for CPU/GPU planned, which will then be used for the most coins? I heard, that the algo from Quark, Protoshares etc. is now compatible with GPUs. Will the next coins use this algorhythm for mining, or another?
The reason is: I'm thinking about buying an HD 7950, but when the ASICs for Scrypt are available, the card could become "worthless" for mining.
If this is going to happen, I keep my silent HD 7850 and use it for mining Scrypt, as long as possible/senseful.
Thanks in advance, I hope you can answer my questions
Is a next algo only for CPU/GPU planned, which will then be used for the most coins? I heard, that the algo from Quark, Protoshares etc. is now compatible with GPUs. Will the next coins use this algorhythm for mining, or another?
The reason is: I'm thinking about buying an HD 7950, but when the ASICs for Scrypt are available, the card could become "worthless" for mining.
If this is going to happen, I keep my silent HD 7850 and use it for mining Scrypt, as long as possible/senseful.
Thanks in advance, I hope you can answer my questions
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