Post
Topic
Board Altcoin Discussion
Re: Litecoin ASICs
by
bitlane
on 26/03/2012, 17:11:37 UTC
I having BFL SHA256 single on order. Very nice if can work for litecoin  Cool

WHY ?......

Are you planning on dedicating the next 10 years of your life to the pursuit of recovering your hardware investment for exclusive Litecoin mining using a $600 appliance ?

Any talk of dedicated devices or speciality hardware for Litecoin mining further defeats the original intended purpose of Litecoin (or, 1 of them).
Wasn't the whole idea behind Litecoin essentially just another Alt-Coin to keep your CPU busy, rather than sitting idle, while mining BTC with your GPUs on the same rig ?

Frankly, anyone who is currently using a Bitcoin-Capable ATI GPU to mine LTC must not be very well versed in both Economics and Mathematics.
Bragging rights are great. 2,500 kh/s LTC mining speeds on multiple GPUs is impressive, but at the end of the day it's a waste.

It's really unfortunate that the GPU LTC Miner was released because now everyone's imaginations are running wild with 'What could be..IF...'

The Litecoin hashing algorithm needs to be updated/upgraded to something that is not only CPU friendly, but is in fact GPU HOSTILE so that things can get back to normal and the value of LTC can stabilize once and for all and quit the downward spiral that it seems to be on currently.

...just my 2 LTC's worth.
YMMV, as well as your opinion(s).
bitlane.