Bitcoin Forum

Hello! I'm new to the forum and I need to make a post on the newbie section. I really hope dogecoins will raise in value in the future. What do you guys think?

No I not agree he will crush very soon as many already dead some living on ventilator machines this same happen to this 

Dogecoin is a gagcoin IMO, but just like most altcoins these days it's worth a shot.

I'm just going to buy a million or so, and see how it goes.  It's worth a try, and justdice owner dooglus made a gambling site JD clone just for dogecoins, so either he was bored or he is really into it :)  This will raise the DOG value by a whole lot though, trust me.

There is no doubt that this coin started as a joke and it is a good one.  I think its advantage is that its founders are not taking it seriously.

There is an exchange for DOGE, https://coinedup.com/OrderBook?market=DOGE&base=BTC and it shows them at 40 satoshi each.  So clearly not worthless.

The fact that douglas started doge-dice.com also suggests the coin may have something going for it.  There are not any dice sites for a large number of alt coins, I have to say that I was surprised by this.

So if you got millions on the first day, I think you can come out okay, but I would not buy them.  With 100 billion to be minted no shortage is likely.  But then, if you told me they would be worth in one week a quarter of what Devcoin is, well, I would have said you were nuts too, so what do I know.

I think its main long term contribution will be getting newer people into mining, as that ship has mostly sailed for BTC, and that's a good thing.

Good Luck!

I was looking into Dogecoins, to me it looked comical, but now it seems to get serious.

hmmm ill mine 100k or so of these then just sit on them incase something big happens.  

Mining dogecoins has been a worthwhile experience.  It is nice to get more than a fraction of a coin each round.

So I started mining a bit yesterday and got 15000 of them since, should I countinue or is it pointless? It's not like I'll mine a lot with just 250khash/s.

I also started mining today. Jumped into DogeCoins cause of reasons stated above. BTC is impossible to jump in now.

It feels superbad and stuffs when people get so high hash rates and so many coins so easily ;;

I think Dogecoins don't stand a chance.
Not enough features that trump other coins.

Is it worth using the herd mining option even if you can only use cpu?

I'm also mining them because I can actually get some. I'm trying to mine Litecoin as well, though I'm not even close to having 1 coin.

Dogecoin is new litecoin.

Join my pool by the way: http://dogehouse.org/ 0% fee :D

much problems
mined 7850
forgot password
much problems

WELL my graphics card gets like 20khash and throwing in the CPU adds 5-9 khash to it so totally worth it for me I think considering my electricity rent is constant.

CPU mining in general isn't recommended but you can still get a few thousand dogecoins a day (mining 24h) with a regular CPU if you're mining in a pool. Completely depends on your CPU of course.

I think it's pretty funny that a satirical coin is gaining so much traction in a short time. The name is a joke of course, but it's still based on the same code as those it's making fun of.

It's totally worthwhile to destroy perfectly good hardware mining an insignificant amount of a joke coin. Then again, that hardware sounds like trash in the first place  :D



Why? I worked my ass off for all the mining hardware I have. I'm an uneducated high school dropout, yet I am able to comfortably afford 10MH+ of scrypt power, and soon another 50MH when Sapphire ships backordered stuff. Guess that's not fair?

Maybe quit complaining and get working. I'm proof that there's nothing to stop you besides yourself.

I mined some yesterday but today the difficulty climbed a lot and they are now mined much slower.

So first of all no hating on my core2.

Does using the CPU actually destroy it? I did not know that.

I want to mine about 250k and then wait for the long term... You'll never know what's gonna happen!

/First post, hello all!

I'm using this version https://bitcointalk.org/index.php?topic=55038.0 of CPU miner on a quite good CPU and it doesnt give many dogecoins. Is there a way to increase its efficiency, should I use other miner, which is better?
Or does it depend more on pool? I'm currently using http://doge.cryptovalley.com/index.php?page=dashboard
Thanks

I too hope these coins go up in value. I'll do what I can to casually earn as much as I can early on, but I won't put a huge amount of time into them.

I never hate on an old functioning PC, and can generally always find a use (or user!) for one.

Did you think they'd last forever? Esp. when 24/7 running balls-out?

http://www.anandtech.com/show/2468/6

I try solo mining with nvidia 720 it only hashing for 14Khs, run for couple of hours not getting anything
well it was for fun, later will try go for pool to check how much i can get

Wait really

I have an 8800gts and it gets 20k

are you using cudaminer?


What if I do not overclock?

Dogecoin? it sound fun..have been hearing about it for a week, i'll find something to read first

Could someone post good links to read about that coin plz cause i cant figure what is different and why its worth to buy beside pump and dump

so suspicious
wow
very doubtful
such serious
much fun needed

I have been mining Litecoin, Worldcoin and now Dogecoins, I think it may pay to mine new coins before the difficulty goes up. 

much doge

I still do not understand what all these accepted and new block things are and why accepted is so (relatively) rare even though I am getting piled down by blocks

I just bought 100,000 dogecoin after reading some very convincing positive psots.
Dogecoin to the moonb1

There are IMO a lot of worse coins that were launched, and continue to launch, that have exceeded any expectation I would have placed on them going anywhere. Many I actually was able to get in on the first hour or so of launch and sold them nearly as fast as I mined them, thinking I better get what little value I can before these are totally worthless.

Overtime, you learn to see a pattern of which coins will actually make it and which ones will fail. I have wallets full of failed coins, just as I have wallets full of coins that are now doing quite well. I do sell some from time to time, mainly to buy more mining hardware, but have learned to not underestimate any coin and its potential.

Back to Dogecoin, I think a lot of people are underestimating its FUN factor. While it is true it does not offer anything technically different, it does offer "much fun" and builds upon an existing name brand so to speak. Anything that gets people talking about a coin is good, and the more attention the better its chances are for success.

remember maybe today difficulty is not so hard? and if you mine something today you will sell it with profit in future

I don't know I get the whole this coin does not have anything that other coins don't but I still feel like it is a lot more humorous and even if it doesn't seem worth it I can't get myself to stop mining it.

Bit of depth: http://spelunk.in/2013/12/17/discover-dogecoin-currency-for-the-internet/

buy coins
have fun now
get rich later

This is exactly how I feel.  I want to point my hardware elsewhere but these dogecoins are too exhilarating.

Come on guys, let's all make it happen!

Much wonder
So miracle coin

I feel my dogecoin rate is slowing down ;____;

so not cool


QUESTION

do I compete with others when stratum detects a new block in figuring out the block? Like, only once every few new blocks do I see an "accepted" appear.

Does accepted mean I figured out the block/share before anyone else who were given that block share, and I can get the next share in the round?

I think I know that shares/blocks as I's saying here is not like solving the entire puzzle, but rather accepted meaning that the pile of possible solutions to the current puzzle is made smaller. But others might have taken care of the piece of the pile that I was trying to take care of or whatever

idk ;;

The dogesitepool seems to only count my workers as active if they have accepted blocks. So like even though my cpuworker says it has a 9khs hash rate, the site suddenly says it has 28 KHS because it had a lucky strike of three or four quick successive accepts.

so confuse

so response

You pool mine, difficulty goes up so your cut of the pie goes down. It is that way with nearly any coin. So responsive because you are asking obvious questions.

There is no "pile" of work, no "time left for next block solve." It is entirely random, being that each guess (share) is totally independent of any other share. You either find a share high enough to submit as a pool share, or you don't. The pool tracks the rate at which you submit shares to calculate your hashrate to verify that you are actually contributing to the pool and that you do have a chance (no matter how small it is) to solve a block. Whatever info that is in that share is all but useless for anything but verification that you are working on mining doges and nothing else.

Oh. So the accepted things are just ... confirmations of some weird sort?

Also why does my cudaminer say 21 khash/s for my 8800 GTS
but https://en.bitcoin.it/wiki/Mining_hardware_comparison#Nvidia says my card is supposed to get 18000~ khash/s?

WELL I do not understand what the new blocks stratum detects are and what the accepted X/Y things are. So if a share is not part of the pile of work what is a share? It is so confusing

But I never said that you are putting words in me of course I know that finding the solution is pretty random but what are the shares that the server counts if they are not parts of the solution space or whatever to calculate?

With more than 8 billion coins already in existance i don't see it rising much. I think many will get burned on this hype.

agreed, that leaves another ~92 billion to be minted still. I'd speculate that it's going to drop to somewhere around the value of COL.

And I'm sure you heard about COL on Business Insider, also? http://www.businessinsider.com/what-is-dogecoin-2013-12

PS lrn2marketcap

Do you know what a block is? It is a list of transactions, some random gibberish, and a few timestamps and other similar data. The transaction info can not be changed, but the noonce (gibberish) and the timestamps can be modified.

When you change that stuff, your computer then runs it through a hashing algorithm. Bitcoin uses sha-256, and litecoin//doge uses scrypt. The computer has absolutely no idea what the resulting hash is going to be until it calculates it (that is what keeps the entire network secure) That hash is a share, and if that share is special enough it's a block. It has to have leading zeros, statistically it is probable to find one share with so many leading zeros based on hashes/sec on the network chances are one will be found within 10 minutes (btc) 2.5 min (ltc) or whatever doge is. The terget number, difficulty, changes as more hashes/sec are added to the network.

If a share is not a high enough difficulty to be counted as a share (for the pool to track your rate, NO other uses) or a block your mining program will change some gibberish in the block and try hashing it again. If it comes out with a low enough hash it is submitted to the network as a valid block.

Do you see now how there is no "working to" a block? If someone else finds a block then everything is changed. When you work a hash, changing one tiny number changes everything. It really doesn't matter which block you were on, your chances are ALWAYS exactly the same, but variance isn't  ;)

Guess I should add that your chances aren't always exactly the same unless you somehow consistantly maintain your eaxct percentage of the network hashrate. Difficulty slowly but suddenly increases at a set interval, so over time your chances decrease.

and why a coin should have a low value, only because there is more of it? value isn't tied with rarity but to the request

What are the yays and boos my miner lists? And why are they so rare?

What mining program are you using? It sounds like a meme miner or something to be using terms like that. If I had to venture a guess a yey would be an accepted share, and a boo is either a reject or a stale share. A reject is one that is incorrect, or kecked back from the pool for being stale, and a stale is a share that solves immediately after another valid block was found. Usually a few milliseconds later, so it no longer is a good share being it came from a block that never made it into the chain. That is the only time you can waste work, and it's not as much a problem if you have a low hashrate.

They are both probably rare because of the low hashrate you are running. The reason you don't get 18000~ khash/s is because that is a bitcoin comparison chart, and it is mh/s not kh/s. That is what makes BTC and LTC/DOG different, BTC uses easy peasy sha-256, while LTC uses Scrypt which is a more intensive hashing protocol. As it's harder to hash, it runs with around a factor of 1000 times slower than BTC mining on the same hardware.

Cudaminer.

And thanks. That makes tons of sense with the BTC/Doge part.

I just have to figure out what a share is now.

A share is a block, but not of a high enough difficulty for the network to accept. It's used for the pool, nothing further. It's your way of proving to the pool that you are mining. Pools pay differnetly for shares. Search for mining pool reward payment types, you'll learn more than you ever need to know from the wiki alone. Should be the first result on google.

Though it is for BTC, many things are similar for most all altcoins including doge