what people aren't understanding about -N is you'll make coins slower, using more electricity.
For this coin to be worth the effort they will need to raise drastically in price to be worth mining.
For this coin to be worth the effort they will need to raise drastically in price to be worth mining.
This is all true.. however.. you have to keep in mind that this *is* GPUcoin.. for people who want to use GPUs..
ASICs will be released for scrypt.. and although they won't be huge orders of magnitude better vs. what we saw with bitcoins, I have no doubt they will, over time be better at perf/watt and price vs GPUs for mining scrypt. Staying with scrypt will mean that GPUs will eventually become obsolete in this race for mining , as long as this whole thing keeps going to develop it.... i gaurantee it..
Nfactor schedule: while it is absolutely true wastes more electricity, and silicon area.. but it keeps this a GPU mined coin. The overarching assumption here is that we that follow this thread and mine it , *want* to use GPUs to mine this coin..
Now that point is a larger debate, which I think is really outside the context of GPUcoin itself... and i'm sure we can rathole on that topic endlessly...
-n isn't going to make this coin exclusive to gpu, its just a short delay. they are already in production. you can contact any asic manufacture from alibaba.com and tell them "i want a miner designed to mine -n exclusively" throw them money and bam, you've got your -n. just takes one person with a paypal account.
timeframe on -n miners can simply be bumped up by throwing in clauses for deadlines and the sooner they get it to you the more reward the designer/manufacture will get. throw enough cash at the problem and you'll have your device by the end of the month. this is personal experience from using alibaba.
since the devs are fighting so hard for -n i'll gladly take back my ipo. no sense in debating this topic anymore.
you've officially killed this coin, congratulations!