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

[fcrypto7]

They write "like dogecoin" http://www.aliexpress.com/item/Peercoin-Commemoration-24K-Glod-Highlights-Coins-like-Bitcoin-Litecoin-Dogecoin-999-Fine-Silver-10-Peercoins/1595662249.html

[1714810015]

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[1714810015]

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[1714810015]

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[fast-pool.com]

how long IT REDUCE 250,000 DogeCoin Reward per BLOCK ?

after 100k block

Some time in February.

40 days time, now is not the time to be selling Doge.

40 days?!!

that's an eternity for most people here, who can't even wait 40 minutes without slagging the coin, their mining pool, or other coins. 

yes big money like silence...and patience

[ajax3592]

Best posts of the day from /r/dogecoin:


Tip people on twitter using @tipdoge:
https://twitter.com/tipdoge
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DOGECOIN: A Retrospective from the Year 2030   (<<<Fantastic read)
http://goodbit.ghost.io/dogecoin-a-retrospective-from-the-year-2030/
.........................................................


[Petition] HumbleBundle - Please accept Dogecoin!
https://www.change.org/petitions/humble-bundle-accept-dogecoins-as-a-form-of-payment
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Wow Such Art


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Look what fortune I got today, it's a sign shibes to the moon!!







   DOGE POOL

[AlterCoinEscrow]

Wow DOGE Coiners!

I'd like to share fully functional yet without graphics an Escrow service I've created for DOGE coins (BTC,LTC in near future):
  http://www.altercoinescrow.com

If you think it could be useful please test the service and share feedback with me: contact@altercoinescrow.com

such many thanks,
AlterCoinEscrow.com !

[kalus]

hmmm... user with one post wants to escrow?

ok here take my money

[andrealandia]

37 Satoshi 

[Kergekoin]

37 Satoshi  

Oh please dont. Its fair price at the moment. You cant expect DOGE to continue to be "jackpot for everyone".
DOGE remains on top of profitability list on average.

[mulpul2]

I realized that mining/selling doge is killing it. We need to mine other coin and then buy doge for growing rates.

zuh?  how do you buy dogecoin if everyone stops selling or mining it?

Everyone will not stop selling. Some of them are weak and sell anyway.

[Kergekoin]

Im just going to quote one post from DOGE reddit community to here:
My opinion is same. Just without meme extras.

TLDR; Dogecoin is one of the most profitable coins to mine, so people are mining and dumping for profit. Will probably still drop by ~10-25%. Woof. https://i.imgur.com/NRVOtRI.jpg
A lot of people are posting about the price of Dogecoin and are concerned with its price. There is speculation that is misleading and not backed up by much theory. It’s not just as simple as supply and demand, panic selling or the line of best fit on a graph. Let’s look at the maths and see why the coin is dropping so rapidly and why now.
MAFFS
The difficulty of mining a block of DOGE currently ranged from 300-400 [1], the higher this goes the less coin you will mine. To make things simple let’s run an example: Assume you have 1000kHash of digging power; with that you could mine at the current difficulty level approx. 30,000 DOGE a day [2]! The value of Dogecoin is tightly tied to Bitcoin, we first convert it to BTC and sell that. The price for a single DOGE is roughly 0.00000040 BTC [3] and a BTC is worth around $850 [4]. In our 24 hours of work we earn $10.20 (0.00000040 * 30000 * 850). Wow. Such pawfit.
Now compare this to the ‘standard’ of scrypt mining, Litecoin. For the same time and strength of your digging you would yield around $8.50. If you were only interested in profit you would mine DOGE and sell it because it made you the most profit for your hashrate. A lot of people are doing this, including multicoin pools, they mine the most profitable coin and convert it to BTC. It’s simply efficient. This means that there is a huge dump of coin on the market and the price will fall.
SPECULATION
When will the coin stop dropping in price? When it is no longer the most profitable coin, so probably around 0.00000030 to 0.00000035 BTC. At this price the profitability is too low to reward these types of miners. Alternatively, if the difficulty was to increase then the amount of coins released would be reduced and the profit margins would also decrease, I’d estimate the difficulty would need to be around 450 to 500 to balance out. The difficulty increases if more people mine the coin, and at this point that will be depending on popularity.
Sure a few people are panic selling but comparatively this is a drop in the ocean and even so it will just help the coin reach its stable price a little faster. Anybody who wants to see the coin succeed is already doing what they need to, they are not concerned with the price, remember to have fun!
Another point to note is that over the last few days the price of BTC has risen, and so even if the price of DOGE was stable the exchange ratio for DOGE->BTC would still show a fall – this is slightly misleading and the fall in price is not as hard as it seems!
So what can you do? Wait. The price will level out and over time the difficulty should increase with popularity and in around 1-2 months the reward will halve, I'd expect a big peak in price around that time. The coin is young and popular; it needs to learn the Earth before it can go to the Moon

[Crazy rider89]

Hello guys, I'm in with my poor 400kh/s! 

DP58hm1RxdwVEmBCjhzTALDHZ1zzuuG7mc

[awais3344]

lol let this panic sellers sell. Price has not dropped. if you compare bitcoin was $600ish now its $850.

[skywave]

Assume you have 1000kHash of digging power; with that you could mine at the current difficulty level approx. 30,000 DOGE a day

pffttt 30,000 a day..
I've solomined for days with 1Mh/s with 0 coins - sooooo

[Kergekoin]

Assume you have 1000kHash of digging power; with that you could mine at the current difficulty level approx. 30,000 DOGE a day

pffttt 30,000 a day..
I've solomined for days with 1Mh/s with 0 coins - sooooo

You are better off buying a lottery ticket than solo mine with 1Mhs @ 300+ difficulty. 

[skywave]

Assume you have 1000kHash of digging power; with that you could mine at the current difficulty level approx. 30,000 DOGE a day

pffttt 30,000 a day..
I've solomined for days with 1Mh/s with 0 coins - sooooo

You are better off buying a lottery ticket than solo mine with 1Mhs @ 300+ difficulty.  

you yourself brought that article from reddit - so don't lecture - I was referring to that example

[phaddie]

Hello,

  I am new to crypto mining/trading (only about a month). One question.  It seems that in a month or so the payout for dodge will be reduced. It makes sense to me that if the demand stays the same and the supply goes down then the price should go up correct?

  Have there been other coins which stayed active long enough for the block reward to be reduced?  And if so what happened to the value at that time?

  Thanks

   Phad

[Kergekoin]

Assume you have 1000kHash of digging power; with that you could mine at the current difficulty level approx. 30,000 DOGE a day

pffttt 30,000 a day..
I've solomined for days with 1Mh/s with 0 coins - sooooo

You are better off buying a lottery ticket than solo mine with 1Mhs @ 300+ difficulty.  

you yourself brought that article from reddit - so don't lecture - I was referring to that example

You are joking right? Or are you serious?
I cant tell, because theres so many newcomers in this forum lately, who dont have slightest idea about how mining works.

Article wasnt reffering to solo mining, but just simple profitability.

[jeff6475]

might take awhile for the amount of doge already on exchanges to get bought up

altho demand is very high the supply is 3 times as much atleast

so when block is halved in feb it will take a few months for the dumpers to sell their coins

Just keep buying up all the cheap doge and in 2 months it will triple in price

[Kergekoin]

might take awhile for the amount of doge already on exchanges to get bought up

altho demand is very high the supply is 3 times as much atleast

so when block is halved in feb it will take a few months for the dumpers to sell their coins

Just keep buying up all the cheap doge and in 2 months it will triple in price

I do partly agree with you, but next price rise may happen few days before the block halfes. Speculators will start buying in sooner.
Its impossible to tell what will really happen. We shall see in 40 days.

[jeff6475]

I must admit i did dump alot of doge myself and bought RPC with the BTC i made

that coin will prolly double very soon or even triple in value

But then i shall sell and buy back into doge

I cant mine at the minute so i have to increase my holding's of Doge in some way

[awais3344]

Assume you have 1000kHash of digging power; with that you could mine at the current difficulty level approx. 30,000 DOGE a day

pffttt 30,000 a day..
I've solomined for days with 1Mh/s with 0 coins - sooooo

he was talking about pool mining