Hash rate on the rise
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[quote name=“wrapper0feather” post=“51292” timestamp=“1389390197”]
I’ve been predicting to myself that someone will come up with a new algorithm to defeat the Scrypt ASIC. That would be the coin to look to develop.
[/quote]I guess that’s one way to do it.
1. Release new coin with GPU/ASIC resistant PoW hashing.
2. Watch as developers implement GPU mining.
3. Watch as developers implement ASIC mining.
4. ???
5. Profit! -
anything that’s concerns $$, it will definitely be defeated. Its just a matter of time.
There’s nothing that’s 100% ASIC resistant, if CPU/GPU can do it. So why not ASIC, they are fabricated in the same silicon too!
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[quote name=“midwaycy6” post=“50924” timestamp=“1389272787”]
Anyone here knows the reason of the apparition of Litecoin? was a consecuence of the incoming ASICS or just new type of coin?
[/quote]A new type of coin, of course.
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I’m going to abstain on my opinion…
Actually nah…
I vote, no jumping ship. I did some research, and nothing changes for me. The crew here have come to far to put there efforts on a new coin. My current opinion is this.
Ftc has established it’s place in the market. We are doing things that 90% of other coins would never even dare venture into it. Changing algo’s is not an option. Keep mining with your gpu’s, even when asics are out. Although you will mine less ftc due to difficulty, the asics will push prices up. So ultimately, you will probably make “the same amount of money” as what you do now. I use those comma’s loosely but my point still stands.
Stand fast Feathercoiners. Bail now, or forever hold your peace =^-^=
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I agree Calem, GPUs will carry on a while. They are mass produced and the new ones are even more efficient.
It is so good that ASICs are being developed that Feathercoin can use it negates the possible problems.
If the ASICs were purchased to secure the network, and not just profit. Or later, once the network is established, ASIC would pay toward the electricity of the transaction system. I think it will be easier to convince merchants to have one as part of point of sales.
Some social development like that will be needed to fully secure the network from large actors.
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Just a thought, if we could produce a community ASIC project which was geared around keeping the costs per unit down rather than maximising profit on sales but restrict their sales to forum members with X number of posts then we could use ASIC to help the community help network security.
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Just a thought, if we could produce a community ASIC project which was geared around keeping the costs per unit down rather than maximising profit on sales but restrict their sales to forum members with X number of posts then we could use ASIC to help the community help network security.
That would be a brilliant idea! Maybe lizhi can keep us up to date with how the Scrypt ASICs are moving along.
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Multipool switched over to FTC today.
Oh man DAT DOGECOIN [i]HALVENING[/i].
So great for other coins.
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Multipool switched over to FTC today.
Oh man DAT DOGECOIN HALVENING.
So great for other coins.
Ohhhh is that what happened? We’re at 10gh according to the home page, up from 3 this morning.
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Well, they’re back to DOGE 60% of the time again according to the chart but yeah Monday was nuts. Every coin seemed to be getting a distributed shot.
