Bitcoin & Other Crypto Currencies

Very true, point taken !

 

Bringing this thread back to life.

I just started mining Dogecoin with my gaming PC. (R9 280x) Usually get around 700 KH/s.

I have a feeling that this joke of a crypto-currency (Dogecoin) is gonna be popluar soon (within the next few years). The question will be when to cash out.

Anyone else mining?

Anyone else have thoughts on Dogecoin?

 

Started mining dogecoin about 5 months ago (around the time of its inception). It was worth about 200 satoshi then, and it has risen approximately 100x in value since, translating to $12k net USD give or take after paying for expensive hardware. (3x AX7990) It's not too late to start mining, but I fear (due to crypto volatility) the value of each doge may go down and difficulty will increase.

 

Well I decided to stop mining the dogecoin.

I mined about 30k, but the electricity bill was so high that I ended up loosing money. If the price of dogecoin goes down I may buy some more. I still believe this currency will go way up in the long term.

But being summer time now and I want to keep temps down on my gaming PC. Adding fans just raises my electricity bill.

 

I work for an IT company and pretty much everyone at work mines various coins and trades them. several of them have thousands of dollars now with very little investment(few hundred bucks in mining rigs)

 

If I could mine while at work that would be great!

My cousin (16 years old) mines with his gaming PC because his parents pay the electricity bill and don't realize the high electricity bill is because his PC runs 24/7.

With my 280x I could get 700 kh/s at 80ºC. But I found my electricity bill went up $20 to mine $16 of dogecoin

 

We own a datacenter and the owners don't care about the minor change in electrical.

 

Wow, 10 pages of discussion. I'm going to need to sit down for a bit when I have the proper time and read through this thread thoroughly. Marked.

 

Interesting article about Bitcoin and the man who built it.