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Can you use an ASIC miner for Litecoin mining?
by Zoomla 13y ago
Can you use an ASIC miner for Litecoin mining?
- bmelton 13y agoCurrently, no. However, Alpha Technologies has announced[1] an ASIC targeting scrypt (or at least Litecoin) in development. [1] - https://bitcointalk.org/index.php?topic=341939.0 https://bitcointalk.org/index.php?topic=341939.0
- DennisP 13y agoSeems like that'd be hard to do effectively, since the whole point of scrypt is to put more of the burden on memory. It precomputes a lot of data that it reuses, and it's faster to retrieve from ram than to recompute it, even with specialized hardware.
- source99 13y agoFrom reading over the press release it looks like they intend to build an ASIC that is only as powerful as a high end GPU but instead of needing the full $350 video card you will only need the $25 ASIC. Then you put 14 ASICs on a single board and get 14X the power at the same cost. Though I'm sure the company will charge 10X the price of the video card. Ideally there is some real power savings in the ASIC.