ASICS for Litecoin. Here They Come.
An ASIC is an Application Specific Integrated Circuit. They are specially designed pieces of hardware for performing the Litecoin hashing algorithms necessary to mine a specific coin and verify hashed transactions. These pieces of hardware are designed and manufactured to perform necessary hashing and nothing else. With the increasing valuation of....
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There has been a lot of rumors and speculation if coin developers of scrypt coins should hard fork their coins to try and block the influx of ASIC's and protect GPU mining. The development team for Litecoin has released a statement on theLitecoinTalk forum. While the Pro and Con lists can be long and convoluted, there are two main Pro's and Con's that I think of when I look at this issue. Litecoin. The Pro's of forking a coin would be GPU miners would not find their investments in their mining gear obsolete like they did when the SHA-256 ASICs hit the Bitcoin world. GPU rigs are costly,....
Bitcoin mining on a standard GPU is a thing of the past. Put simply: it's no longer economically viable, given the power consumption of discrete graphics cards and their relatively high price. ASICs are a no-brainer when it comes to bitcoin, however litecoin is a different story. Unlike its counterpart, litecoin can still be mined using off-the-shelf hardware, namely via AMD Radeon graphics cards. There aren't that many alternatives, either. There are still no ASIC products for scrypt, litecoin's algorithm, and this will not change for the next few months at least. It is rumoured that....
MAT Bitcoin ASIC 6TH/s. Netherlands based company Mining Asics Technologies B. V. (MAT) today announced it would start taking pre-orders for a new range of Scrypt ASIC miners. MAT is one of the first companies to introduce a wave of powerful new Bitcoin Asic miners and Scrypt ASIC miners for Dogecoin, Auroracoin, Feathercoin, Litecoin and other scrypt cryptocurrencies. Pre-orders are open from 12 March 2014. Standalone Scrypt ASICs. All of MAT's ASICs are standalone embedded application devices featuring a Linux operating system running CGminer. The devices can be configured via webGUI....
We all know that Scrypt ASICS are now available for purchase, and miners have been hashing away at Scrypt coins, leaving GPU miners to scramble to under algorithms, most popular being Scrypt-n and x-11. Scrypt ASICS may have also had a negative effect on prices, for Darkcoin and Vertcoin. Darkcoin is the most popular X11 coin, and Vertcoin is the most popular Scrypt-n coin, so it’s logical to assume that is where most GPU miners flocked to. For example, take a look at what happened to Darkcoin. At a current market weighted average of 0.0098 BTC, this is the lowest it has been in 2 months,....
Until recently ASICs for mining have been mostly only Bitcoin/SHA-256 and Scrypt ASICs other than a few test runs of other algorithms. The development and production of ASICs is not cheap and not as simple on many of the algorithms due to memory and other requirements. One of the first new ASICs to hit the market is the Baikal X11 miner which can mine DASH as well as other coins using this algorithm. iBeLink and Pinidea also have X11 ASICs out as well which we will be reviewing in the near future. The Baikal X11 miner produces on average 150 mh/s on 39 to 42 watts of power. Each miner is....