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post #2921 of 22529
Its because ASICs can only do scrypt based coins (afaik) and might be only programmed for BTC not even other scrypt based coins.
since BTC's price is quite high (like wiz khalifa/burj khalifa) it is nearly impossible at this stage to profit from it.
 
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post #2922 of 22529
Quote:
Originally Posted by barkinos98 View Post

Its because ASICs can only do scrypt based coins (afaik) and might be only programmed for BTC not even other scrypt based coins.
since BTC's price is quite high (like wiz khalifa/burj khalifa) it is nearly impossible at this stage to profit from it.

You got it the other way around. ASICs are made only for SHA256 hashing algorithms which Bitcoin uses. Litecoin, Worldcoin, etc. use the scrypt algorithm.
post #2923 of 22529
Assuming one gets his/her hands on a BFL Monarch 300 GH/s card. At current difficulty, profit can be made in less than a month.
    
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post #2924 of 22529
Quote:
Originally Posted by ccRicers View Post

Quote:
Originally Posted by barkinos98 View Post

Its because ASICs can only do scrypt based coins (afaik) and might be only programmed for BTC not even other scrypt based coins.
since BTC's price is quite high (like wiz khalifa/burj khalifa) it is nearly impossible at this stage to profit from it.

You got it the other way around. ASICs are made only for SHA256 hashing algorithms which Bitcoin uses. Litecoin, Worldcoin, etc. use the scrypt algorithm.

doh.gif
Yeah, a little mix up happened there biggrin.gif

But yeah nonetheless ASICs can only be used for SHA256 and i doubt they're fit for other coins redface.gif
 
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post #2925 of 22529
Thread Starter 
You won't get a monarch now...all those manufacturers deliver the stuff late cause they mine with your hardware...bastards.
post #2926 of 22529
Quote:
Originally Posted by ivanlabrie View Post

You won't get a monarch now...all those manufacturers deliver the stuff late cause they mine with your hardware...bastards.

Based on what assumption? Please forgive the ignorance, first time I'm hearing this.
    
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post #2927 of 22529
They have been on serious backorder. Some people ordered stuff from BFL a year ago and just now got them. By the time you got the Monarch, it would be useless.
post #2928 of 22529
Thread Starter 
Quote:
Originally Posted by legoman786 View Post

Based on what assumption? Please forgive the ignorance, first time I'm hearing this.

Facts, not assumptions...Trust me, they are all thieves. Financing their production and R&D with customers money, which should be treated as investors and not simple customers IMHO.
post #2929 of 22529
I don't understand the hate against asics? I understand its hard to get a hold of one due to crap shipping time etc, but if you do, according to the current calculators you make you money back in 2 weeks and can earn 200-300k / year?
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post #2930 of 22529
Thread Starter 
Quote:
Originally Posted by d3vour3r View Post

I don't understand the hate against asics? I understand its hard to get a hold of one due to crap shipping time etc, but if you do, according to the current calculators you make you money back in 2 weeks and can earn 200-300k / year?

Nope, it's not like that.

Facts (not hate):

  • You need to get it fast, but that's never the case.
  • Difficulty keeps moving so you start making less and less btc per day every time diff changes (every ten days or so)
  • Can't calculate revenue with a static difficulty value...
  • Asics have no resale value, unlike GPUs and can't be used for gaming. thumb.gif
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