Quote from: ZeroBarrier on April 09, 2014, 03:57:42 AM

Quote from: cryptohunter on April 09, 2014, 03:36:55 AM

With Blake i guess there is a chance that asics could seriously be developed since it is a single algo that is not memory hard. So although it looks like a very nice algo we need to think about it because we are moving from scrypt because of the asic issue.

Running away from scrypt asics only because their price is absolutely ridiculous. Quoted from the link I posted:

Quote

The idea that ASIC resistance is important for crypto currencies has become widespread, however it is based on a fallacy.

If and when asics for blake256 are built, they will be much much more affordable, and asics are necessary for a coin in the long term. When a coin becomes popular, it gains a lot of attention; this prompts the asic manufacturers to spring into action and create asics for the "hot" algo, those asics in turn help secure the blockchain. Asics didn't kill BTC, and they won't kill LTC or DOGE either, but they will kill a ton of crap/shit coins due to pathetically low network hashrates. Beecoin currently doesn't have enough network hashrate to survive scrypt asics, so it's best to move to blake256 to avoid attacks and give the coin a chance to move forward and become popular enough to gain enough hashrate before blake256 asics are ever invented and released.

So the only reason to run from asics is because we have a pathetically low network hashrate right now, but once we have enough then there won't really be a need to run, plus we position BEE optimally so that when blake256 asics do arrive that a lot of miners will be able to continue to mine BEE by buying affordable asics instead of ridiculously expensive scrypt asics.

I see. It looks ideal for merged mining also in the future. I've not tried to mine a blake256 coin as yet on gpus...does it run cold like with qrk and x11. I hear it draws about 15% less than sha256 which i think is about 20% less than scrypt so perhaps a litte more draw than the chained algos. Although i've not tested it yet so just guessing there.