Quote from: Grout on November 29, 2015, 05:31:56 PM

Quote from: knightkon on November 26, 2015, 02:27:48 AM

I am fairly new to this and I have to ask, what are asic-resistant coins?

Basically, any coin that uses an algorithm for which there is no ASICs yet, is asic-resistant.
Some algorithms are made specifically in a way that makes building ASICs for them very hard/costly.
There's ASICs for SHA256 and Scrypt. And rumors circulating about X11...
Don't even try mining an ASIC'ed algo with a CPU/GPU, you'd just be burning money.

Any other algorithm, and you have a fighting chance.

Thank you for helping me understand that. Now if I could only figure out how to tell if I have a GPU in my computer and how to use it for mining, I would be great!! I am looking further into this, so any assistance you or anyone could help me with, would be great. Thank you.