But the price won't just sharply increase. The price probably will stay the same or increases a little.
When the price stay the same and the production of dogecoins are halved, profits per day for the miner is halved. Then he will go and find another more profitable alt coins to mine and then the hashrate of dogecoin network drops. As a result, the difficulties lowers and the profits per day increases again until it reaches some equilibrium with other alt coins.

All this can happen with the price of the coin stays the same.

The thing that will drive up the value of the coin is very long term block halving, media exposure, and people actually uses the dogecoins to trade for things. Who knows if in the future that dogecoin will be a robust option that it's be the bronze of bitcoin's gold and litecoin's silver. So far this dogecoin has been performing spectacularly.


By the way since bitcoin difficulty risen so high now, anybody got lobang to get cheap USB block eruptors? Even if mining at a loss, it's nice to contribute a little on bitcoin's network security and prevent the big mining players from controlling the network hashrate even if it's just a little.

This post has been edited by terradrive: Jan 23 2014, 07:09 PM

It won't go up sharply la. The thing that will help it rise is the legitimacy of the currency.

from my understanding, bitcoin doesnt have real value in formal currency... only value to those who belive its got value and willing to trade bitcoin with real money.. real currency need to print and regulated but this coin thing anybody can created it and make it a hype...

still gain, even if i use back my bitcoin to exchange dogecoin i still gain since it dropped

Sapphire Tri-X Toxic R9 280x - use default Bios for voltage control, don't turn on UEFI.
1000Mhz @ 1.05v stable, good enough for 700Kh/s & stays under 65°c.

mari-mari! buy my powered PCIE x1 to x16 riser! haha.

This post has been edited by cloudstrife07: Jan 24 2014, 04:53 PM

grats!

I gatal for sapphire 290 tri-x liao

I just discovered this cryptocurrency thread on Lowyat. Wow, almost 40 pages long. With so much sharing by the community.

Anyway, I am hosting a Malaysian cryptocurrency gathering tomorrow morning (free Kelantanese fare, Nasi Dagang, Nasi Lauk) for bitcoin and other currency enthusiasts. You'd all be welcome to join up and link up in the real world with other cryptocurrency fans.

Time: 930am
Date: 26th January, Sunday (tomorrow!)
Venue: Nasi Dagang Capital @ Damansara Uptown.

You can find details at http://bitcoinmalaysia.wordpress.com

Huhu sold all my coins. It's gonna crash this Monday.

which coin? Ya CNY means less chinese buyers on the holiday season

This post has been edited by terradrive: Jan 26 2014, 12:00 AM

Ebay considers accepting BTC payments
http://www.cnbc.com/id/101356642

This gonna bump it up when it happens

good for you, chose the right coin
me dumb dumb stuck with ltc...

but doge is really surprising, almost 10x increase from its low few weeks ago.. and it stays at above 200 unlike other pumps
it probably sucked out alot of trade volume from other coins lol

nope...it will only bump bitcoin and litecoin up. if u c from historical graph, dogecoin have almost non influence from bitcoin.

me too, but my psu n mobo cant support it, it will be whole system upgrade
T^T

yea i mean bump BTC up, ebay is pretty major
but its still only rumour from insider

i wasnt quite sure of doge at start due to its meme nature, but right now it seems quite legit and people are using it for real world item trading too

edit: if any of you guys into alts, can try USDe. its currently more profitable than doge, before it even hits cryptsy

This post has been edited by Killy: Jan 26 2014, 09:32 AM

Why the mobo can't support it? It uses normal PCI-E port, no?

I trying to see if my PSU can support it or not, just barely reach the requirements for the R9 290 haha. I'm using some budget cooler master 625w non pure power PSU.

On another note, waiting for my R9 290 to arrive by post next week

i mean my mobo cant support 2nd card

omg dogecoin network hashrate jumped from 85Gh/s to 130Gh/s. holy ****

Has anyone here actually withdrawn/liquidate their BTC into USD?

I have a few coins I want to transfer out but afraid of unreliable third parties and scammers.
Paypal on the other charges like 7% transaction fee and min 500USD

Was thinking of international wired transfer.