We all agree that Bitcoin has paved the way for other crypto currencies to enter the market. The question is how are these new asic fpga bitcoin miners different or any better?
Below is a running discussion on Bitcoin vs. Like most crypto currencies Bitcoin uses a single Hash function or SHA-2. Current bounty is 25 BTC halved every 210,000. Total currency supply is capped at 21 million. What started out as being CPU mined, has quickly led to a race to secure ever faster mining hardware. It is virtually impossible to mine Bitcoins anymore without serious capital and hardware. Generates a new block every 30 seconds.
247 million mined the first 6 months, then 1 million QRK every year. Being only CPU mined, this coin offers the average individual the rewards of mining. Also, because of its 6 hashing functions, Quark is ASIC proof, making it too costly and near impossible to develop an ASIC to mine Quark. We’ve all heard time is money, and if you have moved bitcoins around, you will know that it is lacking in fast transaction and confirmation times. One of litecoins main features to rival Bitcoin was that is changed its confirmation times.