Quote from: CoinHoarder on April 11, 2013, 02:31:38 AM

Quote from: Vuxil on April 11, 2013, 02:12:49 AM

Tbh ASICs will hit economies of scale and then everyone will have one. It's just short-term scarcity driving up the price. Plus, it's naive to think people won't make machines optimized to mine scrypt when there's enough incentive to do so

I believe ASICs will come to Litecoin, and I addressed that in my post...

"This may change one day, but for now everyone has equal footing, making it fairer."

Quote from: Peleus on April 11, 2013, 02:14:20 AM

It's easier, that doesn't make it 'fairer'. Besides that it's simply a reflection of where the technological process is in Litecoin mining. There is nothing stopping ASICs etc coming into LTC when it's worthwhile, just as they did for BTC. There is no inherent advantage in Litecoin's protocol that makes mining 'fairer' apart from the fact it's new so there aren't many people getting into it yet.

I could start a new coin tomorrow exactly the same as Litecoin and by your logic it would be 'fairer' than Litecoin because more people are aware of cryptocurrencies.

You are misinterpreting my post. "This may change one day"

I realize FPGAs and ASICs will come to LTC one day. But, RIGHT NOW, you have to admit it is fairer than bitcoin mining (we are talking about bitcoin mining fairness vs ltc mining fairness, not some random ALT you create tomorrow like you suggest at the end of your post).

"There is no inherent advantage in Litecoin's protocol that makes mining 'fairer' apart from the fact it's new so there aren't many people getting into it yet."

It is not fairer because it's new so there aren't many people getting into it yet. It is fairer because no investment in special equipment is needed and ANYONE with a computer can mine litecoins profitably. Whereas as soon as batch 2/3 Avalons hit, you will need to buy custom hardware to mine BTC profitably. All ALT coins (minus the ones based on sha256) share this benefit for the time being.

Again. Rubbish. Bitcoins have the same "special equipment requirement" in ASICs over GPUs as Litecoin has with GPUs over CPUs. "You will need to buy custom hardware to mine BTC profitably" could be said in exactly the same way about Litecoins. "You will need to buy GPU hardware to mine LTC profitably over CPUs". You're only deeming it 'fair' because you happen to have GPU's where as you don't have an ASIC. Any notion of fairness is bullshit.

Quote from: Wolf0 on April 11, 2013, 04:21:01 AM

*sigh* Idiots. ASICs are not going to do to Litecoin what they did to Bitcoin. Learn something about scrypt.

You're the idiot if you don't think ASICs will do exactly the same to LTC as they did to BTC if LTC becomes big enough. Yes scrypt is hugely more memory intensive. What people seemingly fail to realize is the number of hashes / second you get is irrelevant. The ONLY thing that matters is how big of a slice of the total hashrate pie you have. An ASIC doing 60 GH/s in a 5 TH/s network is exactly the same as an ASIC doing a "slower" 60 MH/s in a 5 GH/s network, assuming reward and price of the coin is the same. Scrypt is irrelevant apart from the fact that to get specalised hardware it needs to be designed again.