Originally Posted by racer86
Ya I can see how it is up in the air. I havent heard about ASIC miners for Scrypt do you have any sources on that so i can read up on it? Also I know a few projections have btc increasing in exposure through 2014 and from what ive heard Overstock.com has plans to accept BTC payments mid 2014 which would help things out alot I think in terms of legitimizing the market.
I ask because not only because im interested but im also looking at one or two rigs with 6 R9 290s for mining that should push out a hair under 5000 hash rate each for around $3300 a pop
I believe the company is Alpha Technologies that is claiming to have them for production early 2014. There is not a lot of information out there because until they ship and are tested people will be very skeptical about it. ASICs for script are much more complex and people thought it would take longer to figure them out, but they claim they are only a couple months away. You can read up on it here : https://alpha-t.net/
That would be very cool if more online shops started accepting crypto but I think it is unlikely. They are too volatile for major companies IMO. People who are pumping and dumping are really doing a disservice to the idea as a whole, they are getting somewhat wealthy off the idea, but for those who want crypto to succeed this is a major problem. If you were a business would you want to have to worry about your sale halving in value in a 12 hr period, probably not. The problem only worsens when you think about the value taken away from other currencies because people are trading up to 'legitimate' currencies such as litecoin and bitcoin by mining all of the coins that are worthless after they are dumped. This all sounds pretty doom and gloom, but I am still having fun mining. I would just do a WHOLE LOT of research before you invest that kind of money. I invested about $500 of money I was content with never getting back.
Edit: Also make sure you take some information with a grain of salt. No offense to anyone here, but the crypto mining community is full of people that just assume it is a get rich quick deal. These tend to be the people who are non stop complaining all over the internet about mining. Having a good understanding of how currency trading sites work, how and what new coins actually are, different types of payouts, and just an overall knowledge base will save you from being one of those complainers.Edited by blkdoutgsxr - 12/22/13 at 4:08pm