Hey everyone, I’m pretty new to the whole mining game, and recently have been seriously considering putting time and effort (and money!) into mining a cryptocurrency. I briefly did a CPU LTC mine a few months back just to try it out, and now I’m wanting to get back into it. My GPU has been broken for a few months now, and am currently waiting on it to be sent back to me fixed up… but I have a question.

I know ASICs have been developed for BTC and have essentially rendered GPU/CPU mining useless due to superior MHash/s/$ and MHash/J capabilities. My question is: are ASIC-like devices going to be released for coins other than BTC? I know there are talks of releasing LTC ASICs in the near future (hence why I have veered away from mining them now), but could these also be used, for example, for FTC?

I’m not very familiar with the actual process of mining itself, so at this point I don’t really understand why the current BTC ASICs can’t just be used to mine other coins instead, so if any of you could help me out there that would be cool ;D

Hey everyone, I’ve been into BTC since back in 2011 and have made a nice sum of money since. I originally used it to purchase things off of SR back in the ~$5 days, but never seriously considered investing in cryptocurrencies until I made a $1000 purchase for 3.5 BTC back in the second bubble.

I’ve since tried mining some LTC for a few days (only got ~1 due to CPU mining being incredibly slow), and after getting bored with that only to discover that a few days ago that’s now worth $25+, I’m becoming interested in some of these smaller cyrptocurrencies popping up.

This is my first post here, and I’ve decided that FTC is going to be the one I commit to mining (maybe LTC too)… just waiting for my GPU to be fixed! ;D