Bitcoin Forum

An interesting question for all coins is -

How much does it cost to maintain the coin at its current price level?

It gives you an idea of how much money is currently flowing into the coin, and resources being used to secure a coin's network. It's easy to work out - you take the current price and multiply it by the number of new coins created each day. I've compiled a list and it currently has some interesting coins at the top, and some interesting coins at the bottom - here it is

Top Coins
Bitcoin -     800x25x6x24 =           2.880M
DogeCoin -    0.0018x500000x60x24 =   1.296M
Litecoin -    20.57x50x24x24 =        0.592M
Mooncoin -    0.00019x1000000x40x24 = 182,400
Peercoin -    4.53x114.44x6x24 =       74,651
ProtoShares - 10.20x16.177x12x24 =     47,521
WorldCoin -   0.29x53x120x24 =        45,792
Primecoin -   2.65x10x60x24 =          38,160
Namecoin -    4.88x50x6x24 =           35,136
Feathercoin - 0.27x200x24x24 =         31,104
Novacoin -    12.72x9.3x6x24 =         17,034
MemoryCoin -  0.20x216x10x24 =         10,368
Megacoin - 0.57 - 25x24x24 =              8,200
DigitalCoin - 0.2510x15x90x24 =         8,100
Devcoin  - 0.00059 - 50000x6x24 =   4240

Bottom 3 'Big' Coins
IFC      - 8.3e-05 - 4096x120x24 = 979
Quark    - 0.074 - 4x120x24 =      852
Zetacoin - 0.02 = 4x120x24 =       230

*Let me know if I've missed any - just looked at the top20 and the ones i'm interested in.

Very nice approach :) I have to think about that much more.

BTW, change the title of this topic because it has much universal meaning than for Doge or Litecoin only.

Haha, NXT ??? ;D

Devcoin block size should be 50,000 instead of 5,000?

Anyway, talking about hidden rockets....  ::)

For investment purposes, I would probably aim for one of the low coins:

Bottom 5 'Big' Coins
IFC      - 8.3e-05 - 4096x120x24 = 979
Quark    - 0.074 - 4x120x24 =      852
Devcoin  - 0.00059 - 5000x6x24 =   424
Megacoin - 0.57 - 25x24x24 =       328
Zetacoin - 0.02 = 4x120x24 =       230


This is a great resource as I haven't really considered this. The fact that they need fewer users per day to maintain a market cap means that they are a better investment. Why would I want a coin that NEEDS thousands of new users every day just to MAINTAIN its value?

If you believe in this pattern WDC should be the next to explode.

why?

Its actually the opposite. Look at my post a couple above. The lower the number = the fewer investors PER DAY that you need to invest in that coin. It might make sense to throw 20$ into each of those bottom 5 based on this guy's numbers. I'll have to confirm them obviously.

I am not trying say anything wrong with the numbers or the projections are wrong, but I am very confused the model, the only reason, dodge and moon coins are bubbling is that the users are able to mine ton of coins compare to the rest of the coin, that does produce large number to be traded compare of other coins which provides only 20, 40 or 100. With that the miners are holding them back. I guess,which ever clone follow that model, that clone will catch on as well. Just a thought.
Just curious where did you get the numbers? I like the approach you took by the way.

Bitcoin=Gold
Litecoin=Silver
Namecoin= Bronze

Its simple.

To maintain a coins value, there must be demand that equals the newly supplied coins at their current price.

For BTC: (800$ a coin) * (25 coins a block) * (6 blocks an hour) * (24 hours a day) = Around 3 million NEW dollars needed every day to maintain the current price of BTC.
For QRK: (.074$ a coin) * (4 coins  a block) * (120 blocks an hour) * (24 hours a day) = 852 NEW dollars needed every day to maintain QRK's price.
For Zeta: 230$ NEW dollars needed every day to maintain Zeta's value.

I was unconvinced on Zeta before, but if they are putting any development into that coin (coding updates, branding), its probably worth it since 230$ a day is nothing. Same goes for QRK and IFC.

Investing in Doge at this point is pretty crazy (I got in when it was cheap as hell and should probably consider selling soon unless the community funds the whole olympics or some shit). They need to convince people every day to put in 1.3 million dollars into a jokecoin.

I didn't get it
800 is price
25 is coins per block
6 is  ?
24 is hours per day ?

EDIT : Got the answer above ... was posted while I was writing lol

have you even seen Namecoin's website ? It looks like a website from the 90's and the community is pretty much dead (there is none) There is no one driving it forward and the .bit domain experiment failed as a result. What keeps it alive ? Merge mine and the history behind it.

Namecoin?! No, I don't care about that coin. Also Litecoin will not be "silver" in long term. Just my opinion.

I agree with the two posters above ^^

Namecoin is a dying brand. Its just been dropping these last few days. I can think of many better investments.

Personally, I don't see many of these coins lasting. I don't think BTC should be #1, LTC shouldn't be #2.. Doge actually deserves its spot, although I definitely don't see it as having long term potential because its just an LTC with a meme-based culture creating a community. That said, I love Doge. Doge has brought so many to the crypto scene who will soon see the light.


In terms of how to find a coin to invest in: I say use OP's main chart as a guideline to show how quickly each community needs to grow in order to be a reasonable investment. Many of these coins cannot grow that fast, and many of these coins will grow faster.

I also like investing in terms of functionality and I feel like the mining processes for the coins creates unique traits, so I like my portfolio to be split into - ASIC mined, GPU mined, and CPU mined.

Zzzack thanks for the explanation. I am three years too late to the party. Now I am trying to get my head around, which one to mine and which one to invest. Everyday, there are bunch of clone coins created and most of them have very short shelf life with no clear vision or purpose. There are few I saw has some potential but I may be totally wrong here since I am a noob. The ones I have been looking at are StableCoin, purely for the security, Sexcoin purely for its vision and the last one is Aliencoin, purely because it is new and it was created by people who created 42 coin. I did mine Dodge in pool but with people mining at minimum 15MH/s I can't even get close to getting anything. Other than mining, I am still doing more work on finding something where I can invest rather than mining, so far I did not find some I can really invest, any ideas or suggestions?

No to Stablecoin and Sexcoin. I have lengthy reasons for both, especially Sexcoin.

I'm not sure on Aliencoin. Don't know much about it. But if it goes like 42 coin, I suggest being one of the very first to invest in it and then sell pretty much immediately when it gets on an exchange. Those guys are better for marketing/branding than actually developing a coin (notice how many projects they're trying to handle rather than focus on a single project).

If you don't believe in cryptos medium/long term, then I suggest looking at OP's data. It indicates that QRK, Zeta, IFC need barely any money daily to maintain their value. Coins like Doge, if they lose interest, even if investors don't sell a single coin, miners will drive down the price unless 1.3 million dollars enter the market.

If you believe in cryptos, invest in the coin that has functional features that you think will separate it from others.

If you want to be safe - go BTC (lowest risk, some potential for growth), choose either LTC or Doge (personally not a big fan of these, but high growth potential), and choose QRK or another CPU-mined coin (personally I think a CPU-mined coin will be the future. QRK is a good medium term investment, still not sure how it will end up long term. But its got community, transactions 12x faster than btc and 8x faster than ltc, and only needs 800 new USD per day to maintain its value).


As for making money quickly and with a high return, follow coin launches and see which one is getting hype based on a meme or a feature or a developer. Buy in fast, and sell fast, because it takes a TON of effort to become a top 10 coin.

@Zzzack thanks again. I need to rethink about Stable and Sex coins. I did invest in QRK and I have some of them. I also agree with you on CPU-mining for the future.

I started solo mine when Aliencoin launched so I was able to get some good coins, it was nice feeling to see you can get some coins solo mining :)

Market trends and technical analysis are still pointing up to the stars on Doge, round 2 is brewing.

Then ASIC-mined coins will be the future, then some "Intel, Microsoft, AMD, Google, etc" consortium created coin will be the future.

Personal opinion.

Zeta has got my vote. Just be patient.

This is some nice analysis Free Trade!  I'd often thought about coins per day for each of the different alt coins, but had not thought about the corresponding fiat money flows that would correspond to that.

This is great for one side of thinking about how to value the alternate cryptos, but the other side is what you can DO with the coins.  Right now BTC has by far the best infrastructure and support though it is getting taken over by "professionals."  Doge has build up a solid infrastructure pretty quickly, but that is a lot of fiat and coins it will have to absorb.

Thanks and good luck!

sexcoin failed to deliver on their promises

hi freetrade, does this mean memory coin has less potential than zetacoin as per your analysis ? also why do u think memory coin is having a hard time gaining value at the moment. thnx

This is a nice approach but we should not forget that not all mined coins are instantly being sold at exchanges. If people who mine coins hold them, less money will be needed to maintain price level.

Namecoin is the only coin nobody has been able to clone successfully till now.
And it's the only coin with a second purpose.

Probably you don't have a clue what namecoin is about.

Not all new coins are sold every day. So the price to maintain the current price level is much smaller than the one suggested here. Nevertheless it is good data to look at.

Well, it's not an analysis - it's a table of numbers.

You'd be wrong to think that a low number is necessarily a good thing - if there are low transaction fees in combination with a low block reward, it means that only a small amount of power is being used to secure the network, and the coin is vulnerable to double spends and 51% attacks.

A large number needs context too - you can imagine 3mil/day being invested into Bitcoin, but its difficult to imagine 1mil/day pouring into Dogecoin for the forseeable future.

As for Memorycoin - $10,000/day flowing into the coin is pretty good for a new coin - we've got very high inflation while we get the initial coins issued - expecting the price to rise as the block reward falls - it's a slow burner.

As I said earlier, you dont need 1 million to maintain the price. Also 33%+ of dogecoins that will ever exists are already mined.

I look at it a different way.

Let's say I mine a coin, say $10 on a VPS and I make $100 worth of DOGE. That's $90 profit.

If I choose to keep that $100 in DOGE, i'm now not a miner, but an investor . . I've invested my $90 profit plus $10 outlay in DOGE.

Not all miners are investors, not all investors are miners.

If anyone is interested, I have compiled a list for 84 alt coins. You can find the analysis here:

http://cryptosource.org/good-buys-and-coins-to-avoid-how-daily-coin-maintenance-costs-should-factor-into-your-investment-decisions/

Good reading, thanks

A lot of people are saying the same, I bought quite a few at a low price, going to hang onto them fore sure.

I'll take that as a compliment - although a link and reference would have been nice.

You've only seen half the story though . . . a coin with low maintenance needs to answer how it is going to prevent doublespends/51% attacks.

You're right about CGB - good call on that one.

It looks like you deliberately left QRK out - any reason why?

Thanks. Sorry about that. I was writing this up late last night. I thought I had credited this thread for the idea in the article.... I just added it now. My apologies.

The reason QRK was left out was... again, because it was late, and I got confused with the numbers and rewards since they half so frequently. I chose to simply omit the coin rather than post faulty information. However, today is a new day and I have recalculated it and posted the numbers. It's now on the list.

For the same reason, I did not add Primecoin (the rewards were too complex to calculate, and a few others which I cannot remember). EAC numbers may be skewed as well, I simply took the daily average from the last 24 hours.

42coin=Platinum?

These are new coins and may decline. With the exception of Doge the older ones may be more interesting as a long term investement: Franko, Fastcoin, Megacoin..


And 42coin, is a quite well premined coin:10000 blocks (5 full day premined). You can see the issue in the sources:


    int64 nSubsidy = 0.000042 * COIN;
....
    if(nHeight == 1)
    {
       nSubsidy = 0.42 * COIN;
        }


This one is quite useless...

Read this article! I was actually going to post it in this thread because I thought FreeTrade inspired it. I was surprised QRK was left off too, but its fine seeing your reason.

I based my recent investments off these statistics. We'll see how QRK and Zeta do compared to the coins that need more money to maintain.

I agree with people saying Doge won't be able to maintain 1.3 mill a day, but the block halving is coming soon. Still, it would need to be getting as much money as LTC to maintain price with the halving. I think it will drop 30-40% or so and it could possibly maintain that price. Looks like a really bad medium term investment though

Bigger in volume but not in price.

This article is quite interesting. However as an investment strategy we must check other issues too. Premined is an important problem, and this is a Quark concern.

An other cryptocurrency that may be worth be presented, and not described in the present article is extremecoin (EXC); The maintenance cost is around $70. This one has the quality to be a good investment too, sadly by now only BTER trades it.

Yeah the article really help.

Premine is more of a concern when trading a freshly minted coin. Quark has been distributed pretty well through natural market forces -- millions of QRK were being traded daily until it got big, and then 10 million QRK a day were being traded. Even if it isn't the best distribution (no one will beat Doge's distribution, and I will place a bet into an escrow if anyone wants to for that), it is distributed well enough relative to BTC, LTC, and PPC. I wouldn't be willing to invest in it if I thought a few people could easily crash the price (my concern with NXT).

There's a difference between perfect distribution (Doge) and sufficient distribution (BTC, LTC, PPC, QRK, NMC, PTS, MEC, WDC) and borderline scamcoin (Coinye, NXT, FairQuark).

But, I'm interested in hearing about Extremecoin. Is its main feature that its supposed to have a stable price? As in it is in a low-mining, low-maintenance cost phase? I think that as long as their is a 'decent' dev team behind these kinds of coins, they will be safe investments.

Thanks for sharing this

great post, maret cap sites please add this as a trend line metric!!!

there are a few coins that cost near 0 to keep the price up

ADT  near 0  1 mill market cap average trade volume over 500ltc/day

and a few other coins that are 100% POS


I am sure there is a bunch more

Because that coin is Bitcoin.

Coin   Maintein Cost   Market Cap   Ratio
Bitcoin   2880000   10027272784   0,029%
DogeCoin   1296000   51890072   2,498%
Litecoin   592000   546091291   0,108%
Mooncoin   182400   2835957   6,432%
Peercoin   74651   111729841   0,067%
ProtoShares   47521   15143820   0,314%
WorldCoin   45792   13720227   0,334%
Primecoin   38160   12408418   0,308%
Namecoin   35136   41836319   0,084%
Feathercoin   31104   8928512   0,348%
Novacoin   17034   7405632   0,230%
MemoryCoin   10368   632848   1,638%
Megacoin   8200   13141908   0,062%
DigitalCoin   8100   3169968   0,256%
         
IFC   979   10313983   0,009%
Quark   852   20021124   0,004%
Devcoin   424   3370965   0,013%
Megacoin   328   13141908   0,002%
Zetacoin   230   3192814   0,007%

Sorry, but I do not get the point of these tables: assuming that only the new coins are changed for fiat in a given day is deadly wrong. I think you should better look at market depth concept.

Doge is only bigger because its got 100 billion trillon quadrillion coins floating around..

Doge is shit! LTC to the MOON!

This calculations have no meaning at all for coin value.

the table means nothing really, a lot of those coins will experience block rewards getting chopped right down soon.

This table is only true for a period of time, it will be a totally different table in a week, a month  a year.

I wouldn't read much into it.

The FACT is nobody can tell you which coin is a good investment and which is not.  All these coins are swayed daily by forces you can not predict.

Both doge and ltc have large communities , neither are going anywhere. Both are good investments. However doge will decrease rapidly in terms of expense to maintain price as the block rewards decrease. LTC could still do a moon shot because i still think it will be next to be listed after btc on the big retail websites. When ever you hear BTC mentioned LTC is the next they mention if they talk about alts. It is now ingrained that it is the silver to btc gold.

I am pro most alts and btc except the scam ones that were premined and still have a large bulk of coins in the hands of the devs. 

those calculations only apply if you assume that every new coin mined will be immediately dumped.

i see some online rag picked this table up. It is really FUD because they don't mention the block rewards of a lot of those coins will be cut in half soon and then half again, and as you say assuming everyone dumps their coins immediately. It is FUD for the most part. Although a couple of their fav coins are pretty good gambles.

It's not FUD at all. They are simply my personal opinion on which coins are currently overvalued and which are undervalued. If I strictly based myself on the table, I would have simply picked the bottom and top 5 coins to add to the list.

Notice I didn't put LTC or PPC in the coins to avoid despite them being in the top 5 daily maintenance cost? I simply feel that the coins I listed have an unsustainable maintenance cost at the moment. They are simply too new and a lot of the interest is all hype. I feel they will come back down to reality eventually... but who knows, this is the crypto world and anything can happen.

Anyways, if a short article with a few picks is enough to crash or significantly increase the value of a coin, then FUD is the least of it's concerns.

This is definitely no fud. You all should be glad you have learned something new.

Nobody talked about block halving, this is the case at PRESENT time.

I think all this is a big deal, even thou we are talking in present time now one can implement it to the future and estimate some predictions.

Something to keep an eye on: Netcoin Block halving, from 512 to 256 in about 40 days.

Last time it halved, price went up a few 100%.

I am not saying its going to behave like this next time now, but the odds are, its going to repeat what it did last time.

https://dl.dropboxusercontent.com/u/34784245/Screen%20Shot.png

This seems to assume 100% of new coins mined are sold.

I.e.

 If coin A mines 10,000 coins and 10,000 coins are sold, you have a minimum buy in per day of 10k x price.
 
 If coin B mines 10 million coins and 5 million are sold, you have a minimum of 5 million x price.

So you have to take the trading volume into consideration or else this is a pretty irrelevant stat.

I suspect the error is with production = availability. The amount of coin actually available on the market, is far smaller than the MAX(coin.made.perday). Example the amount of gold available to purchase is much smaller than the amount actually mined. Ditto with diamonds. The volume is not necessarily related a price of a thing.

This is correct, more or less. You really need to know what the redistribution is. If 100% of miners are dumping 100% of coins per day it would have some value as a metric. I dont think there is any way of figuring that though.  IRL we use 'on balance volume' as an estimate, where volume on down days is chalked up as net selling and volume on up days as net buying (though of course every seller has a buyer).

I don't agree, if I am choosing to pay my bills with my own cash rather than sell my DOGE Coins then I am in effect buying more DOGE. I think economics and monetary theory come into play here and it is more complicated that either you or the OP are suggesting.

I feel this is a great metric. As it tells you that the confidence in the coins future value is VERY HIGH if you are in the top few. I would call this a confidence metric more than anything else.

In response to you and the guy above, I would say that this is not an irrelevant stat. This still indicates something. It isn't exactly the 'maintenance cost' because that implies a cost on the currency no matter what. Rather, this is a currency devaluation. Everytime that a coin is mined, its supply grows and it is effectively worth less. These HUGE Doge miners in the pools are getting tons of coins right now, and if you think that they aren't dumping most of them, then get ready for the Doge dump.

This metric is plain bonkers.

The amount of money required to "maintain" the price of anything is a function of the amount of goods supplied **to that market**. Not the amount of goods in existence.

If coins are not reaching the market then their value does not need to be supported by demand, so they can be discounted. You can't just take the number of coins "created" each day and multiply it by the price.

That would be like saying that the "market cap" of Salmon is the price of salmon at my local fish market times the entire amount of salmon on boats, in deepfreezes, etc etc - i.e. "not for sale". If all that extra salmon suddenly arrived at the market and was made available for sale, the price would go down. As far as value is concerned, if it's not for sale it doesn't exist.

Thats why these market cap figures are a bit ridiculous (even the ones on coinmarketcap.com etc). Because the market cap measured in this way goes up even if 1 person buys 1 coin. It suggests that that is the amount of money that's been spent on that coin when that's obviously baloney. Look at Bitcoin - it's got a market cap of 12 billion at the moment which I'm sure suggests to a lot of people that 12 Billion dollars had "gone into" bitcoin.

Whereas in fact, if 2 people bought 2 bitcoins for $1600 each and that was the last traded price, the market cap would suddenly jump to $24 billion ! That's how stupid all these statistics are that are calculated in this way. They are totally misleading toytown doodles that don't tell anyone anything and I really wish folks would take less notice of them.

welcome to how the stockmarket works, genius

Stockmarket terms and definitions aren't made up on the "hop" in internet chat forums. They have formal definitions and professional traders know how to interpret them. If a company's marketcap is $50 billion, traders are savy enough to know that people haven't actually "spent" $50 billion on that stock.

Cryptocurrency world is a whole lot different. You can see from this thread that people are making literal interpretations of term "market capitalisation". i.e. as if the coin had been "capitalised" to that value which is clearly hasn't. That misunderstanding isn't necessarily a problem in itself, but as you can see, people then go on to create all sorts of derivative metrics based on those wrong assumptions which then get totally out of hand.

Yes the above is a fairly correct description of market cap (i.e. market capitalization, the total valuation of all outstanding issue at current price). Agreeable to the dumbness of it but it works. As for the OP though this is not applicable either, there are really all kinds of things wrong with it, mostly covered now.

Here is a better formula.

BTC Price / All clone coins outstanding x Growth rate in new clone coins per week

Probably need a gradient for the exponential growth curve but I dropped calculus to take French because of a cute blonde so no help here.

Probably why I went with Vertcoin though.

Point being every altcoin clones will essentially devalue every other as they saturate investment/spec money through exponential growth. Some marketing with perfection may survive at a baseline.

Think... the bottled water section of the grocery store, except if nobody needed water.

No, the average stock trader is as ignorant as the average altcoin trader. Bell curve distribution... and sadly I would have to bet the altcoin traders are actually a much smarter lot considering how much you have to know to even buy them.

That probably explains the current mad level of the stockmarket then  :-\  (Notwithstanding current correction in progress).

Your formula looks interesting. Will have to digest that.

I wish... Stock market currently is perfect correlation with Quantitative Easing, rigged game. I rather prefer dumb money rallies over galactic scale theft by the oligarchy. But that is off topic.

My calculation above was on the fly and missing a few things but to simplify, say i take

$1,000

And today i want me some coinye.




Really only practical way of buying it is swap for


0.8 btc

And .8 btc will buy me like what, 12 billion coinye? Doesn't matter really.

First rake is exchange $/btc

X number of btc will be bought and then sold for altcoins

So X/ 1 million altcoins bought vs

 X/ 1 billion altcoins bought vs

X/ 1 trillion altcoins bought.

Assuming all altcoins have the same intrinsic value then btc value of all coins approaches zero as altcoin production reaches infinity.

Pretty simple really.

Edit- if you wanted to actually ballpark this you could just take 100% of-daily bitcoin trading volume and use that for x. Would not be literally accurate but you could watch the devaluation of clone coins accordingly. Its kind of self predictive though so im not sure it is worth the effort. 

i think even if doge goes totally mainstream and fourteen year old girls use it to buy their clothing with at major department stores it will still push btc/ltc prices higher and higher since they are essentially backed by those two coins at the moment.

How about you start computing the resources spent on securing the network. :)))
For scrypt coins , the cost with hardware electricity might be easier to figure but in btc case... is one of the 12 labors.

It would be nice to see the daily cost of miners who support these coins and with this we'll have an idea how much they might need to dump to cover bills.

And this is why that article that determines coin investment strategies based on daily "maintenance" was garbage. You can't buy what's not for sale

Dogecoin will never be as successful as litcoin is litecoin is valued a lot higher than doge.

Right its all about the total liquidity of the currency.  The easier the currency is able to transact the more accurate the value.  If only cryptsy support DOGE then it is harder to trade which makes price appreciate.  Hence why coins tend to be sold at higher prices on google spreadsheets in forums before they get to an exchange.

LOL @ people claiming doge is God when its only a few months old.

They said the same thing about feathercoin.

I remember feathercoin I got rich off that and chinacoin when they were first released and put on btc-e.com.  I dumped every last dime of it and they never reached the price they started at.  I think at the open 1 FTC = 1 BTC.  LOL!!!

genuine question:

Was any of the these coin you mention, or any of previous coins as popular as dogecoin?

Meaning in volume? Seems like doge has some huge numbers in individual buys/sell, and a lot more people are holding. There seem to be a lot of doge wallets have gotten downloaded. Scary numbers.

Have there been an equal in popular awareness?

If by popular awareness you mean /b/ probably not.  But i spent ten minutes this week trying to explain doge memes to 67 year old, wow. Much not getting it.

And for the record it took me an hour to understand what the hell it was when i first heard about it.

You buy doge coin because you are too young to remember all the stupid shit people lost money buying in the dotcom bubble.

I bought no doge for the record.

Good luck though.

Yes much more so.  Feathercoin was huge at the time and Chinacoin was just as big.  So big that btc-e.com added them to their exchange in a matter of a few weeks (this was before cryptsy existed and everyone trade on google spreadsheets).

btc-e.com has bid/asks in BTc of up to 100 BTC in FTC on bid and ask.  DOGE is nowheres near this.  FTC network grew as big as LTC at the time.  Again you really had to be there.  All you know is what happened in the last few months.  There is a lot of history in cryptos in the last 3 years.

LoL comparing FTC with Doge and actually thinking FTC was bigger than DOGE.


Well maybe I think so because I got lucky with Doge and not lucky with FTC ;D

mine dogecoin here http://dog.ltcoin.net

Yeah, that is anecdotal evidence.  You should have been there when FTC was launched.  It was a "copper" to LTC "silver", and was going to overtake LTC.  CHNCoin, was going to be huge, 1 CHNCoin for each Chinese citizen.

There were a lot of bagholders and still are today that hold BTC that are trying to double down and get out.

FreeTrade you have me confused, you contributed only $10 to the network and yet you seem to think that by keeping your profits you have invested it? Care to clarify?




In my book your $10 outlay was your investment in doge, your $90 profit was just that: Profit

Much confused, help please

dogecoin is kiddie junk

It's a cult that is growing in size weekly.

So were the nazis.

This is absurd. one year ago the only people mining crypto were uber geeks and unemployed programmers. Feathercoin was crazy popular with this crowd.

There has been NO coin with a demographic like Dogecoin. If you think kids can't drive a coin to the top then maybe you have heard of Facebook, texting, instagram, or snapchat.

Goodwin's law (http://en.wikipedia.org/wiki/Goodwins_law)  Thread over!

Thread title:
DogeCoin already bigger than Litecoin

In the doge thread first post  , with bold letters:
DogeCoin has been updated to v1.5, rebasing the code on the most recent version of Litecoin, adding much security. Heavily recommended to upgrade. See http://www.reddit.com/r/dogecoin/comments/1wc77t/psa_v15_of_dogecoin_officially_released_make_sure/

Much Irony

Does it make more sense to mine DogeCoin than Litecoin?

There are way too many of these coins to make sense of!

It's not about sense , it's about how much profit you can make with the mined coins.

I agree that it is about profit (Dollars and Cents) not "sense."  Consider my question rephrased!!

It makes more sense to mine Infinitecoin than both of them.

it made more sense to mine IFC a few months back when the block reward was over 500,000 and you could mine 1,000,000,000 in a week with 2,000kh

Hi, I just found this topic Your blog post and came here, and why would maintenance cost be total daily supply * price?

Assuming daily supply price is static (although diff changes, so diff day diff static) while price fluctuates the only determinant of price is actually the amount of coins that change hands on exchange, volume at specific price.

Wouldn't for example (avg 7d volume - daily volume) * price be more accurate? As well as needed amount of BTC to lower it 10% etc based on orderbook be more accurate note of how much money is needed to destabilise price?

Because this way You count how much daily cap is added, rather than money needed to support current price.

Good for the Dog!

Does anyone know why Doge has disappeared from Cryptsy?

nope bs.

when sites replace ltc with doge then ya but that is not happening..
your full of shit trying to hype up this scamcoin..

hmm what happened to memorycoin 1.0 ? ..you should have got a scammer tag from that freetrade

+1

Yes, I think that could be an interesting measure too. Different measurements though.

Advice: Be a shibe if you aren't already

and be there when Doge gets to the moon

a standard to avoid loss

If Doge gets to the moon, does that mean that MoonCoin is going to the dogs?  :P