I must off missed the part where some one explained this 25gh miner.... Like what the hell? This cannot be GPU right? If this is Asic , then more people like this = say bye bye to standard scrypt coin - DEMOLISHED.... Fair enough if thats GPU power but GEEEEEZ thats like 1000s of GPUS Is this serious? WHat the FFFFFF
It's been talked about many times. Chinese operation - you can look up the user 'sfire' on these forums for a bit of background. He was originally the "MiddleCoin Whale", left there and was mining litecoin for a while, and then was on WafflePool for quite a while (their hash contribution grew from 5GH, 8GH, 10GH, to 20GH+), went over to GHash.IO for the 2x/1.25x promotion, came back to WP for a bit, and it looks like they are back at ghash again mining LTC.
They are operating mainly off of GPUs, but I believe they recently doubled up their operation with gridseed ASICs (based on worker names).
1000s of GPUs tho - yes. And 1000s of little ASIC chips. Economies of scale - if it makes sense for all of us to do it in our homes, then it makes even more sense for someone to do it in multiple factories with the advantages of bulk purchasing and commercial utility rates.