| sethnintendo said: The Litecoin Asics aren't out yet so people are still using GPUs for those. Plus not everyone can afford them (Knc miner Asics go for around 10k). Eventually the Asics take over but right now people are still buying GPUs to mine with. Eventually fewer people will do this when Asics take over but right now there are so many different alt coins that GPU mining still exists. I'm sure most of these alt coins will die off but there should be a few that make it. |
Yes, Litecoin uses a different algorithm. Bitcoin (and Dogecoin uses the same algorithm) is pretty much Asics now. A top AMD GPU will give you around 1GH/s and Asics aren't that expensive. USB miners are pretty cheap, I remeber seeing a miner made with a Raspberry PI and several USB miners giving 1.3GH/s consuming 4 or 5 watts. The expensive ones are giving 1TH/s, so it isn't that expensive.
But the situations for alt coins is like you said, no dedicated hardware. A lot of people is just mining alt coins with GPUs and then buying Bitcoins with the money.
