I was reading another thread with alot of weird shit in it, but it did make me think:
Why use scrypt-n?
Scrypt-n is designed to eventually be cpu only. As far as I see it they are all essentially a public premine, where once gpus become useless, the coin will plummet. Who cares about asics, when your mining yourself out of existence? Maybe i'm missing something there, but is the plan to sell our gpu's for cpu's to keep the network alive?
Don't believe me.... here it from the man himself http://ultracoin.net/nfactor.html (sorry ultra guys, but your website actually explains this, showing your not trying to trick people, as opposed to the one everyone knows)
Yet for some reason, us miners seem to be hitting scrypt-n coins?
I understand that it is more profitable to mine at the moment than x-11 (or at least it seems that way), but x-11 uses less power, runs cooler, and is gpu friendly so, i'm not getting what were doing here
Why use scrypt-n?
Scrypt-n is designed to eventually be cpu only. As far as I see it they are all essentially a public premine, where once gpus become useless, the coin will plummet. Who cares about asics, when your mining yourself out of existence? Maybe i'm missing something there, but is the plan to sell our gpu's for cpu's to keep the network alive?
Don't believe me.... here it from the man himself http://ultracoin.net/nfactor.html (sorry ultra guys, but your website actually explains this, showing your not trying to trick people, as opposed to the one everyone knows)
Yet for some reason, us miners seem to be hitting scrypt-n coins?
I understand that it is more profitable to mine at the moment than x-11 (or at least it seems that way), but x-11 uses less power, runs cooler, and is gpu friendly so, i'm not getting what were doing here