Bitcoin Thread v1, and other cryptocurrencies
Bitcoin Thread v1, and other cryptocurrencies
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Jan 21 2014, 11:45 AM
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#1
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Anyone mining dogecoins? Value is slowly rising
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Jan 21 2014, 12:33 PM
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#2
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Jan 21 2014, 02:10 PM
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#3
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Jan 23 2014, 10:14 AM
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#4
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Jan 23 2014, 12:15 PM
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#5
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Jan 23 2014, 01:33 PM
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#6
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Jan 23 2014, 06:21 PM
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#7
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QUOTE(whyteaz @ Jan 23 2014, 03:19 PM) Should have hold on QUOTE(terradrive @ Jan 23 2014, 03:28 PM) Long term definitely, because of the fact that many people uses it for trading unlike other alt coins, then there's block halving. But this is for after half a year or a year like that. dogecoin's block halving is next month shirt term probably will drop or maintain at some new level. Now stable at 180 sat for sometime |
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Jan 23 2014, 07:48 PM
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#8
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QUOTE(terradrive @ Jan 23 2014, 07:07 PM) But the price won't just sharply increase. The price probably will stay the same or increases a little. It won't go up sharply la. The thing that will help it rise is the legitimacy of the currency.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. |
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Jan 24 2014, 05:08 PM
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#9
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Feb 7 2014, 08:05 PM
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#10
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Feb 10 2014, 06:47 PM
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#11
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Feb 12 2014, 08:20 PM
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#12
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