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More decentralization because you don't essentially need a special purpose FPGA (or whatever is popular these days) specifically meant for mining coins, as thes
by lojack 9y ago
More decentralization because you don't essentially need a special purpose FPGA (or whatever is popular these days) specifically meant for mining coins, as these special purpose machines are typically more centralized in larger farms.
I'm not familiar enough with LTC to say if this will continue for the future, but thats the standard argument in favor.
- lhl 9y agoIf this is your main reasoning argument for Litecoin, then I have bad news for you, as you're completely wrong. Litecoin's PoW algorithm uses Scrypt and is second only to Bitcoin's SHA256 as far as ASIC-based mining goes. This has been the case for 3 years now and at this point Scrypt ASICs are hashing between 100-200X more efficient both on a $/H and W/H basis vs GPUs. (Anyone with a passing familiarity w/ CCs would know this, but still, it feels like statements that are so blatantly counterfactual should probably be noted.)