Dogecoin rolling along.

I wanted to make this thread for the history books. I'm uploading a screen shot of the price of dogecoin the day I'm writing this, and I will bring it back to life a year from now to see how its doing. Here is a link for your convenience to see what the current price is compared to the screenshot price.

http://www.dogelive.com/


H3P4R31.png

Wow, talk about top ticking the market.

https://www.cryptocoincharts.info/v2/pair/doge/btc/coinedup/10-days
 

Yeah, the whole bitcoin fiasco has really done a number on us. There was some other crap going on too that took a few people out of dogecoin (A chinese pumper/dumper named Wolong started a new coin on our halving day claiming it to be dogecoin 2.0) That took a few people out only to pretty much lose all their money in his coin as it failed miserably. Re-read your own link. Look at those buy orders vs the sell order. That some pretty heavy buys to get through to make the price lower. When you see it like that, its usually a good time to get in.
 
Price continues to slide for the last 2 weeks, we went from 26 to 13, losing 50% of its value. Now mining profit on this is about the same as LTC. Guess we not going to the moon anytime soon lol

Some good news today:

1) Mandatory new version, basically fix the block reward to 250k not random, as some clever folks figured out the block isnt so random after all and started targeting the high reward blocks leaving the rest of miners with scraps (i havent see much difference in my reward though on coinotron)

2) GoCoin online payment will start accepting dogecoin in addition to bitcoin.

But it remains to be seen if the price can stabilize.

ps donate some doge to the newest charity project to build wells in africa. http://foundation.dogecoin.com/roadmap

tothemoon555-555x0.jpg
 
The multi-pools were gaming the system. They figured out how to calculate block rewards and only mine when they were high and stop when they were low. Devs had to change the block rewards to static and the retarget time too. They hammered us down pretty hard but we should start going up again. Bought in more a few days ago.
 
The multi-pools were gaming the system. They figured out how to calculate block rewards and only mine when they were high and stop when they were low. Devs had to change the block rewards to static and the retarget time too. They hammered us down pretty hard but we should start going up again. Bought in more a few days ago.

Ya. And FB had to go down due to the expiration of the first lock-up. There is always an excuse.
 
correction 40-50k coins is average(68 profitability), was on a lucky streak since dogecoin block rewards are completely random from 0-500k not fixed like btc, didnt realize was running at 90+ profitability on coinotron. Of course it didnt last.

i dont actually pay for electricity, the rigs are at a buddy's warehouse he could careless. But for cost calculation:

$3100= 3x quad r9 270x crates = 6mh @3000W
$1900= 10x 300k gridseed usb asic = 3mh @ 80W
------
$5000 hardware

Daily
$70= 40-50k coins @9mh @0.0000022 doge/btc /$620
$8= $0.1 @ 3100W
$2= 2.5% pool fees
---------
+$60 daily

ROI: 83 days (longer, factoring difficulty increase)

But the video cards i can sell later for at least 0.5 on 1, sold all the old radeon 6870s at 0.6 on 1

Obviously not looking to make bank, instead of buying doge direct to buildup stockpile, i decided to mine instead. This alt does seem to gain popularity with a fanatic following and has future price potential.

here's one of the crates, aint it a thing of beauty :p
2v9zudx.jpg

I was not able to replicate my success mining bitcoins with this new setup mining dogecoins, actually it has been a complete failure. Reason being dogecoin lost 85% of its value since I started mining.

I have already turned off the rigs a few weeks back, just need to find time to goto the warehouse and ebay off all the video cards to salvage some $$ back. Looking at a few k loss which isn't anything, more upset about the time wasted setting all this up.

Planning to go back to bitcoin mining using the new 28nm that are just released, got about 6TH worth on order to be delivered eom.
 
I was not able to replicate my success mining bitcoins with this new setup mining dogecoins, actually it has been a complete failure. Reason being dogecoin lost 85% of its value since I started mining.

I have already turned off the rigs a few weeks back, just need to find time to goto the warehouse and ebay off all the video cards to salvage some $$ back. Looking at a few k loss which isn't anything, more upset about the time wasted setting all this up.

Planning to go back to bitcoin mining using the new 28nm that are just released, got about 6TH worth on order to be delivered eom.

Not Bad
 
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