Post
Topic
Board Announcements (Altcoins)
Re: [GPUC] GPU Coin | Launch 02MAR14 | IPO Available
by
Solidchance
on 02/03/2014, 01:48:23 UTC
People are voting for the normal scrypt algo so they can rent a ton of hashpower for launch and instamine the hell out of it, and if it launches as such that's exactly what I'll be doing myself. Scrypt-n is susceptible to this as well, but scrypt-n hashpower isn't nearly as readily available, (not to mention there aren't any giant scrypt-n multipools to hammer the launch). Either that, or they're hoping to jump on the asic train that's starting to gain some momentum.

If this ends up launching as normal scrypt it might as well be just another clone. And while he store front is an awesome idea, it won't be long before you'll need to supply your customers/miners with asics instead of gpus.

Yeah but the funny thing about having a coin named GPUcoin is that using Scrypt-N, or Jane, or regular Scrypt is that you eventually run into a problem. With the N-factor there will be an equilibrium where CPU=GPU and then eventually CPU wins out, or w/ scrypt eventually the Asic's will take over. My one prob w/ the N factor is the devs base it on time and it almost seems as if the N-factor increases at a bunch of rando times that make no sense. Yes, gridseed is out already however, its not hashing as was stated and needs a firmware update, so it seems we are still safe for another 6 months or so. If Scrypt-N is chosen, just make sure that the N-factor doesnt increase dramatically in the first couple of months.