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

[lynn_402]

My only question to these retard DEVS is how many of the holders are going to buy asic's just for this coin?

Quite a few, actually. Everyday I see posts on reddit about people buying ASICs for Doge, and I did that myself. And because they use such a small amount of energy, it might even be profitable even with the small block rewards of 2015.

what is this fud i hear about doge decreasing block reward by 5k instead of halving before 10k/block reward?
you people wouldnt mess like that with long term supporters, right?

This is just an idea a developper had, which is indeed very bad. Thankfully, I don't believe the Dogecoin community will accept that.

[TheCoin]

Big news. The Dogecoin devs are making big changes to the mining reward structure and halving schedule. You can read about it here.

http://www.reddit.com/r/dogecoin/comments/26eh8a/heres_your_goddamn_asics_and_a_goddamn_pool_for/

Also, ASIC giveaway.

This news is pretty interesting. Seeing DOGE embrace the flood of ASICs is big news indeed. I was under the impression changes would be made to make it ASIC-resistant.

How is that going to help? Those units are on the way out.  They are way too slow.  Each will be worth $10 when much better $/hash are shipped in the summer.

[TheCoin]

My only question to these retard DEVS is how many of the holders are going to buy asic's just for this coin?

Quite a few, actually. Everyday I see posts on reddit about people buying ASICs for Doge, and I did that myself. And because they use such a small amount of energy, it might even be profitable even with the small block rewards of 2015.

what is this fud i hear about doge decreasing block reward by 5k instead of halving before 10k/block reward?
you people wouldnt mess like that with long term supporters, right?

This is just an idea a developper had, which is indeed very bad. Thankfully, I don't believe the Dogecoin community will accept that.

ASIC does not mean profit.

Profit = number of coins x price of coin

Number of coin: your proportion of hash rate to the network hash rate x block reward

Price of coin: supply-demand relationship -> also max coin supply and the speed they are released

Buying the 450kH will get you as much DOGE as mining with a CPU today in a few weeks if not by mid-summer.

With the proposed increase in coin supply, don't expect DOGE to be worth anything.  

DOGE had the best community but it seems devs are clueless as ever.  DOGE is going back to its roots, in the LMAO category.  Investors and merchants cannot take you serious.

[Hueristic]

My only question to these retard DEVS is how many of the holders are going to buy asic's just for this coin?

Quite a few, actually. Everyday I see posts on reddit about people buying ASICs for Doge, and I did that myself. And because they use such a small amount of energy, it might even be profitable even with the small block rewards of 2015.

what is this fud i hear about doge decreasing block reward by 5k instead of halving before 10k/block reward?
you people wouldnt mess like that with long term supporters, right?

This is just an idea a developper had, which is indeed very bad. Thankfully, I don't believe the Dogecoin community will accept that.

Quite a few is a VERY small percentage. The POWER of this coin was all the "Normals" that mined it. THEY will not bother nor even be capable of running asic's.

this coin is going to lose all it's core and tank.

Devs are Morons.

[lynn_402]

A post by a dev, about other possible actions for Dogecoin, and he expresses doubt about yesterday's suggestion. Reminds also that the devs do not truly control Dogecoin, but the community does, which means that drastic mesures such as this probably will not pass.

http://www.reddit.com/r/dogecoin/comments/26g1ja/relax_tapering_was_a_suggestion_not_set_in_stone/

Most agree in the comments that the foundamentals should not be changed, as this would break confidence in Dogecoin.

Comment by another dev: "Feedback to date has been overwhelmingly negative, though, so consider the idea abandoned."

[andyatcrux]

The Scrypt ASIC thing is starting to make my head hurt. It is a fact that a gridseed ASIC is cheaper and takes a fraction of the power per MH/s than GPU's. Of course network hashrate will climb, but guess what? Scrypt is still the most profitable algorithm to mine with a GPU. I own both GPU and ASIC. No matter how I crunch the numbers my  GPU rig mines more BTC worth of coin per day than when I use if for Scrypt-N and X11  

I really liked the promise of X11 and it kept my room cool. Scrypt-N is hard on GPU cards and will not be able to adjust for ASICs without becoming to aggressive for GPU as well. And even if you disagree with that, still, my gpu will mine more BTC worth of coin with Scrypt than Scrypt-N. Any mining calculator such as Coinwarz can show you this. Also, putting it to practice can as well.

X11 is very likely being mined by ASICS or FPGA. X11 (XC) coin has a greater network hashrate than LTC right now according to some guy I was chatting with. If that is true than do you really believe that is GPU farms mining a new coin?

I am a "normal" person of limited means and by no means are ASICS any more of an investment than GPU's.

So what algorithm would you propose changing DOGE too that would actually make an impact on accessibility? Or would it be for a quick pump?

[Bit_Happy]

0 price grow on dogecoin...
Can we make something else instead of making donation for useless things?
Doge must be accepted in lots of shops, or will stay useless forever.

Next month is Doge4Doge month on Reddit. We'll be focusing completely on new businesses and infrastructure.

Sounds great, and the timing is perfect. Weak hands can keep dumping, and people who are really interested in either seeing DOGE grow and/or simply getting a bargain near the bottom have a good reason to buy more now.

[Coindgr]

If it's multi-algo, everyone would be happy. Something like Myriad, that way ASIC would be also welcome and they would be mining in Scrypt or SHA-256 Difficulty.

Multi-algos:
Scrypt
SHA-256
X11
Quark
....
...
..

[phzi]

No matter how I crunch the numbers my  GPU rig mines more BTC worth of coin per day than when I use if for Scrypt-N and X11

You have problems with your math then. Nscrypt and X11 are consistently more profitable for GPU miners now, and X11 specifically so because of decreased power consumption.

If you use coinwarz as your profitability metric... well, you're probably a bit retarded.  CoinWarz NEVER has the most profitable coins listed, and the top scrypt coins are usually only due to momentary diff valleys.

X11 is very likely being mined by ASICS or FPGA. X11 (XC) coin has a greater network hashrate than LTC right now according to some guy I was chatting with. If that is true than do you really believe that is GPU farms mining a new coin?

No... there are no ASICs and FPGAs are unlikely to ever be cost effective at X11 (FPGAs are useful for prototyping ASICs, but rarely used for real tasks).

[oktay50000]

OMG ..WTF happening to doge???
why such low price anything below 100 is unacceptable
now its around 70 and it will fall to 30 i think...am i right?
some one must do something ....people...dev....!!

[lynn_402]

OMG ..WTF happening to doge???
why such low price anything below 100 is unacceptable
now its around 70 and it will fall to 30 i think...am i right?
some one must do something ....people...dev....!!

It's the users problem, not the dev's. If the price was higher, the hashrate problems would be fixed.
So the best thing that can be done for Doge, is to buy them to increase their value, or contribute in the dogeconomy by selling services for doges or convincing business to do so, or by mining, or by convincing your friends to buy dogecoins.

[tokyoghetto]

so they plan to artificially boost the price by cutting the supply....pretty sad. I wonder if they would increase the block reward if the price got too high, most likely not. All they care about is boosting the value and not letting the free markets decide the true value of the coin. Fuck that shit.

DOGE is shit and so are the devs. They keep messing with it enough and people will just walk away from DOGE.

Stop messing with the block rewards. DEVS are acting like central bankers messing with the value of the coin. I would suggest you guys take this DOGESHIT out back and put a bullet in it.

[oktay50000]

so they plan to artificially boost the price by cutting the supply....pretty sad. I wonder if they would increase the block reward if the price got too high, most likely not. All they care about is boosting the value and not letting the free markets decide the true value of the coin. Fuck that shit.

DOGE is shit and so are the devs. They keep messing with it enough and people will just walk away from DOGE.

Stop messing with the block rewards. DEVS are acting like central bankers messing with the value of the coin. I would suggest you guys take this DOGESHIT out back and put a bullet in it.

old days with 500000/block reward everything was great buy after halving....such sad

[SoCo Becky]

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[lynn_402]

so they plan to artificially boost the price by cutting the supply....pretty sad. I wonder if they would increase the block reward if the price got too high, most likely not. All they care about is boosting the value and not letting the free markets decide the true value of the coin. Fuck that shit.

DOGE is shit and so are the devs. They keep messing with it enough and people will just walk away from DOGE.

Stop messing with the block rewards. DEVS are acting like central bankers messing with the value of the coin. I would suggest you guys take this DOGESHIT out back and put a bullet in it.

Calm down, this is not going to happen. The community does not want to modify the block rewards, this was just a dev's idea, on which the other devs do not agree.

[oktay50000]

so they plan to artificially boost the price by cutting the supply....pretty sad. I wonder if they would increase the block reward if the price got too high, most likely not. All they care about is boosting the value and not letting the free markets decide the true value of the coin. Fuck that shit.

DOGE is shit and so are the devs. They keep messing with it enough and people will just walk away from DOGE.

Stop messing with the block rewards. DEVS are acting like central bankers messing with the value of the coin. I would suggest you guys take this DOGESHIT out back and put a bullet in it.

Calm down, this is not going to happen. The community does not want to modify the block rewards, this was just a dev's idea, on which the other devs do not agree.

devs must do something and do it fast coin will die if :
hacks continue
and multi pool dumping price
merged mining can help alot and also changin algorithm dont know!!

[lynn_402]

Discussions about merge-mining with Litecoin seems to be popping-up more since the last few days on reddit. What are Bitcointalk's investors opinion about that?

I believe that this would be a good back up plan to consider on the next halvening, if the price keeps dropping. This would probably reassure people on the security of our network. It is indeed true that many LTC miners will dump dogecoin instantly, but since the block rewards will be lower, this will still be much less of a problem than the current multi-pools. Also, the miners who focus on Doge would dump instantly the LTCs, so nobody truly loses.

[manfred]

Discussions about merge-mining with Litecoin seems to be popping-up more since the last few days on reddit. What are Bitcointalk's investors opinion about that?

I believe that this would be a good back up plan to consider on the next halvening, if the price keeps dropping. This would probably reassure people on the security of our network. It is indeed true that many LTC miners will dump dogecoin instantly, but since the block rewards will be lower, this will still be much less of a problem than the current multi-pools. Also, the miners who focus on Doge would dump instantly the LTCs, so nobody truly loses.

A lot of people are very keen to invest a lot as soon as the network is secured. So price will have a nice rise without artificially inflating it by messing with the supply. Merge mining is the most sensible option.

[lynn_402]

The Chicago Sun-Times will allow tipping by dogecoin!

"The third experiment — and it is exactly that, an experiment — will involve using dogecoin as a conduit for tipping journalists on specific articles. Mr. Metnick said they’re going to move slowly — the initial trial may simply involve the tips going to a given journalist’s preferred charity. He acknowledged there were “editorial ethics” involved, but he feels dogecoin tipping is becoming “the new like,” and somewhere down the road this might even comprise a “fundamental business model change.”

http://blogs.wsj.com/moneybeat/2014/05/16/bitbeat-bitcoin-conference-sure-doesnt-lack-for-news/

[oktay50000]

oh shit its goin below 70