21 Jan
2014
21 Jan
'14
7:50 a.m.
On 21 Jan 2014, at 16:32 , Bill Stewart <bill.stewart@pobox.com> wrote:
- Litecoin uses scrypt, which was designed to not fit into ASICs or GPUs, so people with regular PCs could still mine it, without being crowded out by commercial miners. It turns out that people have figured out how to fit it into GPUs, which still run about 10-100 times as fast as CPU mining,
While unfortunate for Litecoin’s users, that does demonstrate a nice benefit of crypto currencies for the public cryptography community - it gives a direct financial benefit to ordinary people working on attacking cryptography, and their discoveries will be much more likely to leak than government cryptographers.