Re: The Future of Scrypt?

Quote from: dspair on March 27, 2014, 05:28:18 PM

Quote from: IloveAnonCoin on March 25, 2014, 08:40:23 AM

X11 and SHA3 ( Keccak ) are not ASIC resistant at all, according to NIST (National Institute of Standards and Technology), if you want to become SHA3 candidate, you need to be able to create by ASIC. AND every algorithms in X11 used to be SHA3 candidate until Keccak win the competition and become SHA3.

Here is the paper : http://csrc.nist.gov/groups/ST/hash/sha-3/Round2/Aug2010/documents/papers/SCHAUMONT_SHA3.pdf

Yah he is on a tear with that whitepaper. x11 may not be ASIC resistant but it has a great advantage to a normal scrypt coin right now

1) Cooler temperatures.
2) Power savings up to 60% compared to scrypt.
3) A chance for small miners to mine and profit for the foreseeable future until x11 ASICs are even relevant.

Darkcoin's main draw is privacy solutions. x11 is just a wonderful algorithm towards mining it. Darkcoin is a competing technology to AnonCoin. If x11 coins are successful, you bet they will come out with ASICs for it. Pure x11 coins that are marketing it as ASIC resistant are obviously false advertising and trying to lure the GPU miners who have started to look for non-scrypt coins. Even so they will remain ASIC resistant for at least 2 years if not more.