Dogecoin halving is soon!

[mufa23]

According to this, it's going to halve pretty soon. Probably why it's value has been going up!

[Sm3cK]

Halving means less mining reward ? So the value should get up right ?

[tshaw]

Currently value is up due to it being picked up on one of the Chinese exchanges... halving could make it go up even more, but I suspect big holders will start dumping soon. Not to worry though, Doge's have shown a lot of resiliency thus far and I don't think they are going anywhere anytime soon. As long as people keep expanding on the potential applications and uses for them.

[traderman]

I think once block reward halves the major miners might look for something else, and with them the big speculators. What that means for the price of doge I am not too sure.

[Amph]

i think the price will fall first and then rise even farther

[Crypto_Enthusiast]

i think the price will fall first and then rise even farther

I agree.

[gustav]

doge is inflation-coin now. No need to rush in. There will always be enough since there is no cap on the coins. It is infinite and not scarce any more. It is just a sceme to make miners rich and investors who don't mine look stupid buying it. Just my 2cents.

What a picture of a nice shiba can do, oh my. Doge spells H.Y.P.E.

[Acidyo]

i think the price will fall first and then rise even farther

I agree.

It's rising now in anticipation to the halving and the chinese btc38 site exchanging it.

I also think it will fall a bit once it halves since many bagholders will dump it for 300-400 sat in anticipation for the next btc difficulty increase.

Then maybe buy back before the next halving in 2 months.

[Acidyo]

doge is inflation-coin now. No need to rush in. There will always be enough since there is no cap on the coins. It is infinite and not scarce any more. It is just a sceme to make miners rich and investors who don't mine look stupid buying it. Just my 2cents.

What a picture of a nice shiba can do, oh my. Doge spells H.Y.P.E.

Only 5% per year, 10k coins per block. I'm pretty sure after the first 100 billion coins (if the community keeps going as it has now) it will easily be worth 1000-2000 satoshis/coin.

[XCASH]

How long do you think it will take before the first 100 billion coins have been created?

[jongameson]

How long do you think it will take before the first 100 billion coins have been created?

14 years.  and buy then we'll have a Republican President and the Dow Jones will be up to 20000, and the Nasdaq 6700

[Calhil]

The question is whether miners will keep mining because its going to be unprofitable with half of the current block reward and todays difficulty. I dont see the price of doge increasing to around 500-550 satoshi anytime soon... Its probably going to be more profitable to mine litecoin than doge for a while 

[WompRat]

How long do you think it will take before the first 100 billion coins have been created?

I don't get the other answer, it goes like this:


 Block Numbers        Per-Block Reward            First Block                                   Expected Coins Produced (approx)    Expected Total Circulation (approx)

 1-100,000               0-1,000,000 (random)   8 December, 2013                        50,000,000,000                                 50,000,000,000
 100,001-200,000    0-500,000   (random)    14 February, 2014  (estimated)    25,000,000,000                                 75,000,000,000
 200,001-300,000    0-250,000   (random)    25 April, 2014     (estimated)        12,500,000,000                                 87,500,000,000
 300,001-400,000    0-125,000   (random)    3 July, 2014       (estimated)          6,250,000,000                                  93,750,000,000
 400,001-500,000    0-62,500    (random)     10 September, 2014 (estimated)   3,125,000,000                                  96,875,000,000
 500,001-600,000    0-31,250    (random)     19 November, 2014  (estimated)   1,562,000,000                                  98,437,500,000
 600,001+                10,000      (fixed)           27 January, 2015   (estimated)      5,256,000,000 per year                   No limit

[melarina]

doge is inflation-coin now. No need to rush in. There will always be enough since there is no cap on the coins. It is infinite and not scarce any more. It is just a sceme to make miners rich and investors who don't mine look stupid buying it. Just my 2cents.

I realize you are just trolling and aren't necessarily interested in the facts, but for anyone else playing along:

It's 5 billion new coins a year. That's less DOGE than are currently mined in 5 days.

[AtlantisPlatform]

I think once block reward halves the major miners might look for something else, and with them the big speculators. What that means for the price of doge I am not too sure.

I don't see how any miner now can afford to mine doge. Even if it was twice this price it would still be unprofitable. I mined for 48 hours, at 5.1 M/H and estimates from pool and coinwarz were around 30k per day, so 60k for 48 hours. I got 12k total! How does anyone mine this coin when it pays out so little.Yes, I know about random block sizes, BUT the blocks never pay out extra to make up for the 14 hour block times on poolerino.

So I made 12k of coins in two days.  12000 x .00000279 x btc price of 646 = 21.62 for 2 days! I can mine almost any coin and make 45.00 per day, so I lost 69.00 fooling around trying to mine this doge turd.

PLUS, on top of that POOLERINO kept 4900 of the doge's. He didn't like what I said on his chat on the pool so he locked me out of my account and kept my coins, fuckin as@@wi#@#!!! I emailed him through his contact on his pool but he won't respond. So I lost the 4900 coins on his pool . I will spam every thread where he advertises, especially on new coin launches letting people know that he will lock your account and keep the coins if you say something he doesn't like.

So who here mines with 1 m/h plus?, and why would you mine it,  since this coin pays so very few per block and block times are up to 16 hours on long ones and then only a few coins for all that time. If you want doge's why not buy them and mine something else.

[Gushers]

sounds like a shitty pool.

[jongameson]

the only coin worth buying is Zimbabwe coin, with zero halving

[XCASH]

I have never mined but signed up to a pool for a giveaway of a few coins.  Nobody got the giveaway and if I ever start mining I will never have anything to do with that particular pool.

[galbros]

 Block Numbers        Per-Block Reward            First Block                                   Expected Coins Produced (approx)    Expected Total Circulation (approx)

 1-100,000               0-1,000,000 (random)   8 December, 2013                        50,000,000,000                                 50,000,000,000
 100,001-200,000    0-500,000   (random)    14 February, 2014  (estimated)    25,000,000,000                                 75,000,000,000
 200,001-300,000    0-250,000   (random)    25 April, 2014     (estimated)        12,500,000,000                                 87,500,000,000
 300,001-400,000    0-125,000   (random)    3 July, 2014       (estimated)          6,250,000,000                                  93,750,000,000
 400,001-500,000    0-62,500    (random)     10 September, 2014 (estimated)   3,125,000,000                                  96,875,000,000
 500,001-600,000    0-31,250    (random)     19 November, 2014  (estimated)   1,562,000,000                                  98,437,500,000
 600,001+                10,000      (fixed)           27 January, 2015   (estimated)      5,256,000,000 per year                   No limit

This is really helpful data, thank you for posting it.  It is interesting how the flow of doge coins is going to drop rapidly over the coming year.  So while there will be a lot of them, the flow will decline quite a bit.

[anderl]

 Block Numbers        Per-Block Reward            First Block                                   Expected Coins Produced (approx)    Expected Total Circulation (approx)

 1-100,000               0-1,000,000 (random)   8 December, 2013                        50,000,000,000                                 50,000,000,000
 100,001-200,000    0-500,000   (random)    14 February, 2014  (estimated)    25,000,000,000                                 75,000,000,000
 200,001-300,000    0-250,000   (random)    25 April, 2014     (estimated)        12,500,000,000                                 87,500,000,000
 300,001-400,000    0-125,000   (random)    3 July, 2014       (estimated)          6,250,000,000                                  93,750,000,000
 400,001-500,000    0-62,500    (random)     10 September, 2014 (estimated)   3,125,000,000                                  96,875,000,000
 500,001-600,000    0-31,250    (random)     19 November, 2014  (estimated)   1,562,000,000                                  98,437,500,000
 600,001+                10,000      (fixed)           27 January, 2015   (estimated)      5,256,000,000 per year                   No limit

This is really helpful data, thank you for posting it.  It is interesting how the flow of doge coins is going to drop rapidly over the coming year.  So while there will be a lot of them, the flow will decline quite a bit.

A good example of what will happen is IFC, Infinitecoin.  It is an accelerated view of what will happen.  Reflect on the price but also the hashrate of the network. While price rises the risk of 51% attacks increases exponentially to price increase.