Hello forum.
After watching a few videos by LTT recently on the efficiency of mining BTC in today's crytpo economy, I started to do some more research with a few friends into thr new 'alt'coins. For those not aware of this, these are new cryptocurrencies other than BTC and include everything from ETH to Dogecoin to the ScamCoins.
Im not here today to lecture you on those. I'm here to try and gain some popularity for a certain miner of a new currency, "Skycoin" and maybe get recognised by the LTT staff to take a look at this. BTC currently is experiencing massive backlogging of transactions, slow speeds across the board and an ever increasing transaction fee.
Skycoin technically hasn't even released their main product yet. Their own miners and mining software as shown bellow from a convention recently. The kick of this whole Skyminer/SkyCoin is the costs associated with the actual mining using these machines. It is around i saw somewhere 10% of the electricity cost of mining BTC. Now since LTT is looking into this, I think it would be beneficial for LTT to contact the management to get hold of one of these kits early and review it. I would love to see what LTT thinks of this and their review.
As an added bonus, due to the way SkyCoins are implemented, this is a way to save Net Neutrality. I would encourage you guys to look into this and help try and get a review for these new tech Slyminers
EDIT: If these become more mainstream then costs for miners will decrease big time and the need for GPUs for mining Crypto is nill. Lower prices for all us gamers and PC enthusiasts!