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Because I can use my PC to mine Bitcoin using the Scrypt algorithm. I use NiceHash. They have an option to select which algorithm we want to use. So I was wondering, once I get my Antminer S3, is it possible to point it to NiceHash's Scrypt stratum and mine using the Scrypt algorithm?

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No. Bitcoin does not use Scrypt, so you cannot use something that mines Scrypt to mine Bitcoin. Furthermore, the Antminer S3 is a Bitcoin miner, it can only mine SHA256d coins, such as Bitcoin. So it cannot even use the Scrypt algorithm or mine any coins that use Scrypt.

  • So how does Nicehash work? They have an option to mine using the Scrypt algorithm (bitcoin), and when I use it, my hashing speed jumps from 11 MH/s to 1.7GH/s – MythicalCode_ Feb 4 '18 at 4:02
  • Nicehash will use your hashrate to mine some coin other than Bitcoin, and then convert the earnings to Bitcoin for you. – Andrew Chow Feb 4 '18 at 4:07

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