Hi everyone, I have a question about my lb1 miners. I know they are on the lbry scrypt algorithm, I was wondering if I were to switch to say ltc scrypt algorithm, would it still mine at the same hashrate? Just wondering, because that would make it substantially more profitable. I wasn’t sure if anyone has tried it or did it already.
ASIC can only mine 1 algorithm you can sometimes mine multiple coins on a singular algorithm but it is still 1 algorithm and the ASIC can mine multiple coins. You will not be able to use a LBRY ASIC to mine anything other than coins on the LBRY algorithm.
Okay thanks, I am new to asic mining. I wasn’t sure if you could download new algorithm software to the miner for a specific coin or not, just as long as it was a scrypt algorithm.