[ANN][DOGE] Dogecoin - very currency many coin - v1.10.0

[Cor2]

OK, here another pool question that has me puzzled and I am suspecting something fishy going on:
- if a pool has a combined hashrate of say 3GH/s
- while the Net hashrate is 90GH/s
- and the difficulty is stable (future difficulty is equal to current difficulty since blocks are found every minute)
Then I would expect, since the Net hashrate is 30x the hashrate of the pool, that the pool will find every 30th block on average
and since blocks are found every minute on average, the pool should find a block every 30 mins, so on average 48 per day, right?
What if I look at the statistics of the pool and I see that instead of the above fictional (but mathematically correct) block rate
the pool shows that only half the blocks are found as expected (only 24/day instead of 48 blocks found, so 1 per hour on average)
When I check the list of blocks found, I see indeed that they are right on that target - every hour a block is found on average,
which does not jive with the fact that the pool has 1/30th of Net hashrate so should be finding at double the rate...

Now, to make it all more clear - there is another pool with similar hashrate, say it is 2 times higher (6GH/s) and I check the statistics for that pool. Lo and behold - that pool is finding a block exactly every 15 minutes on average, because it is running 1/15th of the net hashrate.

So, what is happening at the first pool? Is one of their servers corrupt and are they somehow losing every other block (Dogecoin lost)?
Or are the operators corrupt and stealing every other block instead of paying out?
How can a pool consistently find only half the blocks that it should - that is statistically very unlikely, right?

[BitQuick.net]

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[Cor2]

3rd run for our dogegame, it has now reset, don't miss the chance to make 150% Doges from your gamble!

The fastest and most secure way to lose your Doge!
Gamble more = lose more.
Thanks, but I don't like being a bag holder, that is why I hodl Doge ;-)

[Socrate.]

http://dogecoincity.com/

Get in game!

[Cor2]

Seriously, does anyone know a good pool? I've been reading this topic and everyone telling something different.
pool.dogechain.info seems to pay way to less than what I should get.
Is dogehouse any better?

try http://fast-pool.com
but remeber dogecoin have many factors and mining have many factors so...there is not such thing like pool paying less

SheepOnDrugs has a good point and it is not my "feeling", but it is simply the payout and the statistics on the website
showing that dogechain.info is paying half of the calculated expected value.
Initially I was mining with one pool but saw their expected payout not matching with my actual payout, so I switched to dogechain.
After waiting for PPLNS to settle and averaging over a couple days, I now find that their payout is half what I *calculated*.
I got just over 2500 Doge for almost 3 days of mining with 210kh/s and instead of 800/day I should get close to 1500/day.
So, I switched to another pool again and already I see more than double the payments.
So, indeed - there *is* a problem with dogechain and there *are* pools that pay less if they are not running correctly.
See my other post about what I think is the root cause of the problem - either server or operator. I hope I am wrong
but statistics averaged over many days do not lie...

[Cor2]

http://dogecoincity.com/
Get in game!

Thanks for the link, now I can enjoy clicking "Ignore this user" one more time!

[phaddie]

So this reward halving thing that people have been saying will boost the price up... isn't going to happen?

Nope, its already included in price pretty much.

So you think it is not going up when the reward halves?

[yorich]

Cor2, 1k sent your way, digitaltradz send  me your address

[hunkster]

So this reward halving thing that people have been saying will boost the price up... isn't going to happen?

Nope, its already included in price pretty much.

So you think it is not going up when the reward halves?

Isn't there talk about not halving the reward?

[phaddie]

So this reward halving thing that people have been saying will boost the price up... isn't going to happen?

Nope, its already included in price pretty much.

So you think it is not going up when the reward halves?

Isn't there talk about not halving the reward?

I have heard nothing of this talk you speak of.

[hunkster]

So this reward halving thing that people have been saying will boost the price up... isn't going to happen?

Nope, its already included in price pretty much.

So you think it is not going up when the reward halves?

Isn't there talk about not halving the reward?

I have heard nothing of this talk you speak of.

hopefully not

[aimnano]

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[DRobert]

So this reward halving thing that people have been saying will boost the price up... isn't going to happen?

Nope, its already included in price pretty much.

So you think it is not going up when the reward halves?

Two things will happen: It will go up or down. And it also depends what miners will do.

I suspect the dip happened because people want to cash out out of fear of losing their money. Call these people "panic sellers".

Dogecoin could very much go even lower than it is at now (155 satoshis). I doubt it. I think it'll go up soon due to a pump or demand. People might panic buy wanting to get their million or more coins. According to Satoshi, or Bitcoin information, the price of a coin in demand goes up once the reward halves due to it becoming more scarce along with the cost of mining. There is a chance Dogecoin could jump up to 270-300 satoshis soon after the halving.

I bought in at 155 satoshis again because I think it will go up and the bottom of this recent dip was reached.

[blade87]

My first buy point is 100-120. My second all in whatever BTC I have available is under 80, if it gets there. I'm more or less just basing this off previous BTC bubble activity (the one that happened in April, and then how prices moved over the next few months).

I already knew about this 5% inflation a long time ago. It's not a big deal, and in fact good for the long term of DOGE as it will keep miners on it and not solely rely on fees to operate once 100B is reached. Once the 100B cap is reached, it will take at least 14 years for the supply of coins to double at 5% per year. That's like a millennium in the crypto market.  

I'd actually rather the 5% inflation than a hard cap of 100B myself. I don't want a QRK scenario to happen with DOGE.

[hunkster]

My first buy point is 100-120. My second all in whatever BTC I have available is under 80, if it gets there. I'm more or less just basing this off previous BTC bubble activity (the one that happened in April, and then how prices moved over the next few months).

I already knew about this 5% inflation a long time ago. It's not a big deal, and in fact good for the long term of DOGE as it will keep miners on it and not solely rely on fees to operate once 100B is reached. Once the 100B cap is reached, it will take at least 14 years for the supply of coins to double at 5% per year. That's like a millennium in the crypto market.  

I'd actually rather the 5% inflation than a hard cap of 100B myself. I don't want a QRK scenario to happen with DOGE.

What's this QRK scenario?

[closesat315am]

i can't wait to tip DOGE on facebook

[Cor2]

Cor2, 1k sent your way, digitaltradz send  me your address

Received, thanks!
Tonight I saw the result of a pool not running well and decided to switch over
to the pool that I saw consistently estimating and paying exactly what I expected,
so I am now 100% on Nut2pools.com
Note that Doge is not linked on their main page (booooh!)
so you need to go to doge.nut2pools.com to get started. Payouts flowing again, Jay!

[Cor2]

i can't wait to tip DOGE on facebook

Great idea. Did you already talk to Mark to suggest this?
http://en.wikipedia.org/wiki/Mark_Zuckerberg

[ajax3592]

Join the mad rush  

http://www.reddit.com/r/dogecoin/comments/1wyehb/wwwnetcodepoolorg_welcomes_you_come_home_shibes/?sort=new

(Upvote if you like us giving back to the community)





At your service, shibes
http://netcodepool.org/

[closesat315am]

i can't wait to tip DOGE on facebook

Great idea. Did you already talk to Mark to suggest this?
http://en.wikipedia.org/wiki/Mark_Zuckerberg

i saw screenshots of someone who said they were working on it