Scrypt

What is the Scrypt mining algorithm?!

The Scrypt algorithm is an algorithm that encrypts information according to a specific pattern, designed specifically to make hacking more difficult. In turn, certain functions must be performed by equipment that has the capacity and power to do so. It was originally created to protect data from brute force attacks (a situation where attackers guess passwords by trying all possible combinations in sequence).
Developer Colin Percival incorporated a clever principle into the algorithm. Scrypt generates random numbers and stores them in memory, then constantly refers to them.
In 2011, this principle was ideal for countering ASICs. At that time, specialized miners were only designed for SHA-256, and memory was expensive. Scrypt seemed unbeatable.

How mining works on Scrypt

In the Litecoin network, a block is created in 2.5 minutes. This is 4 times faster than Bitcoin. The mining difficulty is recalculated every 2016 blocks — approximately once every 3.5 days. Because of this, the network adapts more quickly when miners turn on or off.
The Scrypt miner is suitable for mining the following cryptocurrencies:

• Dogecoin.
• Litecoin.
• DigiByte.
• Pepecoin and others.

In Dogecoin, you can create as many coins as you want, with a new block appearing every minute. Therefore, DOGE is suitable for those who want to receive crypto steadily, without wild ups and downs — an excellent choice.

The current realities of ASIC mining

In 2013, the first ASICs based on the Scrypt algorithm were released, and everything changed. The complexity of the network increased thousands of times. Now the Litecoin network is protected by hundreds of terahashes of power, which makes attacking it economically unprofitable.
Modern Scrypt miners are not designed in the same way as miners for SHA-256. The main thing here is what kind of memory you have and how fast it works.

Which Asic Miner Scrypt should you buy today?

There are several series of miners for mining cryptocurrency using the Scrypt algorithm on the market:

Antminer L11\L11 Hydro. Bitmain’s flagship model with a hashrate of up to 27 GH/s. It consumes up to 6 kW and provides the highest hashrate from a single device on the market.
Antminer L9. A popular Bitmain model with a hashrate of 16 GH/s. Consumes 3500 watts but offers the best energy efficiency in its class. This is the choice for serious mining.
Antminer L7. Previous generation but still popular. 9.5 GH/s with the same power consumption.

The profitability of Scrypt mining heavily depends on the Litecoin and Dogecoin exchange rates.