Yeah I meant from my quite weak mining. The total output is far more, but I already saw a decline in 24 hrs.
I'm still skeptical about how far it will go simply due to the fact the creator is likely sitting on enough coins to crash it with one sale (surely with all the altcoins). Additionally, 100 billion coins is absurdly many.
Where did you see this? As far as I'm aware there was no "premine".
So at the current rate of growth, what do you think is the best way to cash out on this? Mine a few millions and sell asap?
http://www.reddit.com/r/CoinedUp/comments/1sx42y/warning_your_yahoo_openid_allows_2_different/Warning - don't login with my Yahoo OpenID to coinedup.com
I tried 2 random, old burner Yahoo accounts and it had a rocketmail.com (Yahoo owned) as the owner with previous transactions.
I didn't realize it a first and I got robbed of ~.5btc
My Doge account balance hasn't moved for the whole afternoon..
Confirmed 140763.25134887 Unconfirmed 20046.51035031
I must not be following. How do you create a dogecoin wallet? I downloaded the client and it already has a dogecoin.conf file in it with rpc user and password.
Is there a way to withdraw small amount of $ to lets say, paypal? I checked BTC-e but you need 500USD and there is 7%(!) fee. What is the best way to withdraw money?
Sorry if it is asked 1000th time here ;P
I must not be following. How do you create a dogecoin wallet? I downloaded the client and it already has a dogecoin.conf file in it with rpc user and password.
Well, $250 a day (as someone here said) seems massive to me. Are you talking much higher figures?Nobody knows tbh, its up to you to decide. But given past history with several other recent altcoins, getting and holding early coins = massive profits later. MASSIVE.
Well, $250 a day (as someone here said) seems massive to me. Are you talking much higher figures?
I would normally agree, but seeing how this currency looks like some meme joke (and those retarded broken english stupid phrases around it don't give it much credibility either) and artificially blown up bubble, what if ir just disappears next month?
Thanks for clarification, I wasn't quite sure. I don't follow this subculture as I find it utterly stupid (few of the memes are funny though), so I couldn't really tell.Thing is it IS a joke. Look at the block rates and the economy. It was set up completely as a parody to virtual currencies Reddit-style from day 1. Completely tongue-in-cheek. What you're seeing is the altcoin spread speculators. It's quite literally a brand new altcoin. Maybe it takes off. Maybe it doesn't. Those that made their fortunes on the Bitcoin bubble have money to throw around. Why not pour a few bucks into every brand new altcoin when they first come out, buy when they're cheap, tuck away your wallet for a rainy day and come back 3 years later when THAT altcoin magically is worth $1400/coin (and you happen to have a few million of them in your wallet!).
The speculators aren't paying attention to the setup of the coin economy for a particular coin. They're just buying them when they see it at whatever the market is.
On the flip side, the really weird thing about dogecoin is there honestly seems to be a fledgling economy for it. It's a completely parody economy, but there is one none the less. There's already dedicated sites to exchanging dogecoin, gambling, lotto, giveaways, contests, X Prize. Hell, they're trying to make it the official currency of Reddit (or at least that particular sub). It has a freaking cult-like following. Dogecoin might actually have more staying power than most of the other altcoins out there.
Well the Linux dogeminer-qt will not connect to the network.
I don't think I want it to either. What kind of BS is this anyway, billions and billions of coins? What is the owner getting out of this, and where is he getting it.