Quote from: brokedummy on March 14, 2014, 03:04:34 PM

Quote from: HiroS on March 14, 2014, 02:31:56 PM

Quote from: brokedummy on March 14, 2014, 02:10:09 PM

Nope, you are wrong. Pine needles are within reach of everybody, which is exactly why pine needles make a shitty currency.

Interesting argument, but one that favors the rich to generate the wealth only. We could be back to a single control of the printing press which is what crypto tries to break from in its decentralised nature.

You don't have to be rich, but you do need to make an investment. Why would anybody want to buy a currency that is easily created by anybody without making any investments? Sounds worthless to me. When anybody could mine bitcoins with their PC the price of bitcoins was very low. Once you needed to make an investment into expensive mining equipment the price went up. If you make a currency that anybody can easily mine forever the price will forever remain low. Sorry you don't want to make any worthy investments and would rather scam the community with yet another shitcoin.

Mining on a GPU is not easy though, to mine a whole Litecoin would take me slightly over 8 days. Making a crypto minable on a GPU does not equal easy so is not worthless. With ASICs I may well be completely squeezed out. Let's not be too first world about this, ASICs are going to make crypto even more unobtainable in third world countries.

Quote from: master-P on March 14, 2014, 03:09:23 PM

Scrypt ASICs are not really powerful miners compared to GFX cards. Their main advantage is low power consumption. There really isn't a major centralization of Scrypt mining at this time.

Alpha-T 25MH miner was priced at around $8,000. This is roughly equal to 37x AMD 7970s. That is a single unit that is much more powerful than a GPU. The Scrypt FPGAs that seemed to be coming close to reality were not going to be faster than GPUs but more power efficient. Scrypt ASICs may still be sometime away and their impact may be less than that of SHA-256 ASICs, however more SHA-256 ASICs were around to mine coins out of trouble. Scrypt based ones are going to be much more rare.