I'm trying to understand the cost per hash operation with Litecoin vs Bitcoin over time. The theory is that the network that has the best prospects for long-term security (via hashing) will set a standard that may influence its own price.
Specifically I'd like to compare
- Capital outlays (reasonable mining hardware ASIC vs GPU)
- OPEX (Electrical, etc)
Suppose I were to compare BTC/Litecoin mining to ore mining. Once the ore is extracted and purified, no more cost is needed other than to secure the facility where the gold is stored.
Its clear the mining process is technology dependent (ASIC vs GPU). What isn't clear to me is once the technology matures, what approach has a greater chance for long term efficiency for maintaining and securing the network.
I suspect that the scrypt -vs- sha256 implementations will have different power requirements, and I'd like to understand which one is "greener" for the environment in the long haul.
Any information relating to
Cost of current mining rigs to power efficiency
Cost of future mining rigs and projected efficiency
Would be very interesting.