Post
Topic
Board Altcoin Discussion
Re: Thread about GPU-mining and Litecoin
by
Graet
on 04/03/2012, 12:25:58 UTC
The original purpose of Litecoin is to be a CPU coin where anybody with their computer can mine litecoins. What has happened with Bitcoin is that GPU mining on bitcoin was a lot more efficient, so a lot of people starting mining bitcoins with GPUs. This pumped up the difficulty and made CPU mining unprofitable and therefore pointless. I don't want this to happen to Litecoin and I think most people agree with me on this.

Recently, there has been some rumors that mtrlt has modified his GPU miner to work with Litecoin. And he claims to have been able to create a GPU miner that outperforms CPU miner by a lot. Of course, all this could be FUD thrown at Litecoin by Solidcoin supporters. But I have talked to mtrlt about this and he seems genuine. So I'd like to get to the bottom of this.

Here's what I'd like to accomplish:
1) Figure out if GPU mining litecoins is indeed more efficient. And if so how much better is it.
2) Do we want to switch to a new hashing algorithm that is more GPU-hostile.
3) If we do want to switch, there are a ton of other questions. Can we modify scrypt params or do we need something totally different. How far away do we do the algorithm switch? How do we get miners/pools/clients ready for the switch so that there's no downtime?

Everyone, please refrain from SolidCoin bashing in this thread. And SolidCoin supporters, please refrain from posting unless you have something constructive to say. Thanks.

any further thoughts on this?
I think it would be good to be a cpu only coin again,
tho the retards have already said they will enjoy the challenge of getting it working on gpu...

IMO Litecoin loses its point unless its CPU only Smiley