Post
Topic
Board Mining (Altcoins)
Re: When the scrypt ASICs come out...
by
repairguy
on 18/01/2014, 00:17:35 UTC
To be honest, I don't quite get this anti-ASIC sentiment. I tried to mine LTC on my PC and it wasn't worth it, and there are even no scrypt ASICs yet. I think this "no ASIC so normal people with their own PCs can mine" philosophy works only in the early stages of the scrypt-coin, after the difficulty raises it isn't worth it, when you don't have free electricity.

Today, I would need at least one rig with 3 graphics cards to mine litecoins for example, but this thing would be noisy and consumes a lot of electricity, so I basically can't put it in my apartment. I would much prefer to be able to buy dedicated scrypt ASIC and mine with it. It will be more eco-friendly and will not be mis-using graphics cards.

To sum it up, I don't support this proposal, I want the scrypt-asics to be sold.

The problem with asics(my opinion of it atleast) Is that once the asics go online the difficulty goes to the point were noone can profit unless they have an asic.  The result is the asic manufactures control the supply and use their products against the system (by mining themselves) and gouge everyone to get in, I hope that it will stabilize eventually, but asic manufactures are gaming everyone.