Bitcoin Forum

Right now I make 100 Doge coins a day from my referrals on the faucets I use.
How long does it take to make 100 Doge with a miner?
Should I keep investing in referrals or start mining, that's the thoughts.

You can look up pricing of asics in your area, check the electricity costs etc then input your data into something like whattomine and see how much you will be earning with current difficulty and price.
As for what you should be doing, faucets don't really have a what you would say sustainable business model, so they are going to go belly up eventually. As for investing in dogecoin miner... I guess if you believe in it...

My humble opinion:
Dogecoin is a shitcoin that is currently being pumped and I would avoid any long term investments in it.

you are so right about the Doge coin.
I just wanted to know how long it would take.
As for the faucets.
The key to the faucets is the hub that the faucets come from...

I wish I could get my hands on the old faucethub script!!!

If you're earning already with referrals, do you think that you have to focus really on Dogecoin as your source of income? If you want to start mining, I'll get into other worthy altcoins to mine rather than Dogecoin.

But if you want to have an idea, try to calculate it.

https://whattomine.com/merged_coins/71-ltc-doge

You have good for that (referral), if I were you I will continue to improve how to get many users to join my referral. of course, Mining will give you more than that, but it will make you so busy than before.

You should consider the cost to buy the rig too. Atm, buying a new rig is definitely riskier than spamming your ref link through various links. You might be able to get 100 DOGE a day if you can afford it, but it takes a bit of luck to earn back the money you spent to get your RIG. Even if you mine other coins, you might not be able to recover your cost quickly.

I'd rather focus on faucets atm, at least I'll wait until the GPU, ASIC and electronics market to stabilize before buying things.

Depends on what mining equipment you are owning or going to own.

Neither. Faucets are dead a long time back. I can say this because I came to the bitcoin world with an interest in how people could farm some faucets or have a passive earning through them. Then Google decided to ban faucet sites from its Ad Network and the faucets became worthless.

But if you are having some good number of referrals then that can be a side earning. I would not suggest mining because Doge in the long run is not a coin worth putting money in, just good for the pump and dump.

Rather using your money to buy bitcoin at low price and selling it for high price is a reasonable investment. It is called trading and specifically long term trading.

Mining isnt profitable but if electricity is a bit cheap and you do have the capital to start on then you could proceed on.

https://www.youtube.com/watch?v=YCNDAB256Xw
https://www.youtube.com/watch?v=xp3g_PARYHg

Dont see about the worthiness of accumulating coins no referrals but if you are someone who's good at it then cherish while you can
because having lots of sources of income is always suggestable and also if you dont like the hassle then you can always opt
on simply buying it.

Don't invest your money for mining dogecoin, it is better to buy doge coin with the money you are going to invest for the PC and simply continue your referral marketing but I have a question how long you have been doing this referral for faucet and did you actually made any withdrawal from that site?

100 Dogecoins a day means you earn roughly $25 every 24 hours from those faucets and referrals. Now from all the faucets I have ever tried, that's a very decent amount. I don't know how you do it but that's far better than mining right now.

Equipment is scarce and expensive right now, once you get it, you have to think about power and by the time you break even, it will be several months down the road of which dogecoin price may have dropped down further. I suggest you just stick to what you are doing right now.