Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
WastedLTC
on 28/03/2014, 13:14:50 UTC
The new Titan spec is crazy.  250 MH/s for $10k running on a 1000 watt power supply.   The entire LTC network is around 650 Titans (Current = 162,995 MH/s).     This is really going to send shock waves through the smaller coins.    I'm still holding 1 Neptune order and do not have a titan order as the original spec of 100 MH/s was not worth it to me.  While the new spec is tempting,  I decided to just buy 1000 more LTC and HODL!   Will be very interesting how this turns out,   will the new scrypt asic's push all supported alt coins to a higher level or wipe many of them out?   Some warned about this since building a scrypt asic cost much more than building a sha256 asic that the centralization will be much worse on the LTC side.   Right now that is looking true with Alpha and KNC holding the network in their hands if they can produce the machines at or above the current released specs.  Remember Avalon holding double the hash rate in a small batch of chips...    this isn't far off for all scrypt coins but is there a different feeling in the air?   Has greed taken over?   I can't say since I really don't know the guys at either company but I would hope not.   None of us know if they really are working their asses off to push virtual currencies to the masses or building their own fortunes in fiat.   

Wish everyone well in 2014 and remember to not panic.   Today we are at $500 BTC / $14 LTC and the future is looking bright.