Cryptocoin Mining?

[SunnyD]

I disagree. By any workable logic, the buy/sell does not seem out of whack. Look at +10 and -10 from the current price, and there still seems to be a large amount of buy orders in the .0...30 to .0...35 range.

Edit: There are 130 million+ orders to buy above 0.00000005!

I'm not quite sure what you're trying to say.

 

[Binky]

I'm not quite sure what you're trying to say.

Current price is 0.00000038. Pick any reasonable spread and see how the buy and sell orders are balanced.

If we take all sell orders < 0.00000048 (+10 from current price), and match them against all buy orders < 0.00000026 (-10 from current price), you get the following:

45 million doge sell orders
115 million doge buy orders

So, I don't see a wall of selling.

 

[blastingcap]

Lol @ the people who think bid and ask walls can't change. Look at stocks or even on bitcoin exchanges where the bid and ask numbers fluctuate and often melt away if as market clearing price approaches. Orders can be canceled at any time, and market manipulators cancel and re-set orders all the time. Lots of manipulators are out there, and this reminds me of the poker adage where there is always one sucker at the poker table. Look around. Can't spot him? Then the sucker is YOU.

 

[BallaTheFeared]

Pretty sure most the bid and buy are bots.

 

[SunnyD]

Lol @ the people who think bid and ask walls can't change. Look at stocks or even on bitcoin exchanges where the bid and ask numbers fluctuate and often melt away if as market clearing price approaches. Orders can be canceled at any time, and market manipulators cancel and re-set orders all the time. Lots of manipulators are out there, and this reminds me of the poker adage where there is always one sucker at the poker table. Look around. Can't spot him? Then the sucker is YOU.

They change all the time. I was just pointing out that there's going to be a lot of resistance going upwards now since we have a lot of large lot dumps going on now. Hell, the prices have been fluctuating up and down wildly over the last two weeks. I'll be more than happy to see them eat away those sell orders back into the next order of magnitude.

 

[nwo]

Mining doge on my XFX 7850 1GB @ 370kH/s while my XFX Double D 2GB 7870 is only getting 350... da fuq XFX!? My other 7870s get 400.

 

[blastingcap]

Pretty sure most the bid and buy are bots.

Yes, lots of bots on the coin exchanges--and in real life too where a huge fraction of stock exchange activity is via high-frequency trading algorithms. The point is, "walls" may or may not be for real, and most of the time they are not for real.

 

[Z15CAM]

Some Forum - It is Recognized: I'm willing to pay a Member of this forum say 5% negotiable of my earnings, hashing say at 1000, trading,selling & cashing. If I cumulative gains from a Crypto-Broker's Advise you got it but No Profit, No Percentage - Terms of Period are are Defined as per contract ;o)

 

[Irenicus]

Mining doge on my XFX 7850 1GB @ 370kH/s while my XFX Double D 2GB 7870 is only getting 350... da fuq XFX!? My other 7870s get 400.

Out of curiosity, do you doge miners expect it to become a thing worth extra value, or are you just doing it because of the trolling nature of even having a doge coin?

 

[taq8ojh]

Out of curiosity, do you doge miners expect it to become a thing worth extra value, or are you just doing it because of the trolling nature of even having a doge coin?

Neither.
I am waiting for a tip from the more experienced people around what to do with the coins in near future

 

[SunnyD]

Out of curiosity, do you doge miners expect it to become a thing worth extra value, or are you just doing it because of the trolling nature of even having a doge coin?

Right now, it's just about as profitable to mine this junk as it is to mine litecoins. So why not?

Plus, if there happens to be some silly spike in price for dogecoins, a miner would be sitting on a veritable fortune at any given moment just by the simple mechanics of the coin.

 

[thilanliyan]

Anyone having trouble mining on netcodepool? My 7950s seem to be okay, but my 290s are having trouble keeping hash rates up. When I start one of them it is fine (~800kh/s) but when I start the 2nd one, the hash rates of both drop to ~200kh/s as shown in cgminer.

 

[Z15CAM]

What's it come down to when playing this market - Play it yourself, hire a registered Broker (Do they EXIST)? or a Bookie?

This thread has all the makings of how to Play the Crypto-Market.

I don't think AnandTech are pleased.

However, if it where not for sponsoring, why don't we hear more from reviewers about this obvious price gouging over the latest AMD GPU offerings in regards to mining Crypto-Coins.

I can't even type fast enough before there are ten more posts behind me.

 

[f1sherman]

Out of curiosity, do you doge miners expect it to become a thing worth extra value, or are you just doing it because of the trolling nature of even having a doge coin?

I found this excellent website explaining the value of DOGE in 2014

Dogecoin price in 2014

 

[Silverforce11]

Yep... it's seems to be the first (or second) popular "Memecoin". Super profitable one day, and gone the next. It's too bad I didn't get in on that early when you could self mine a million coins overnight

ChinaCoin was a good "pump and dump" coin as well. That one actually made it onto BTC-E before it tanked.

I kinda miss the days when BBQCoin was popular. I think that was the first "fun" coin.

Not sure what you're getting at but its hanging around the 0.0000004 to BTC mark, higher than it was a few days ago at 0.00000033 when this took off. The only reason its less profitable is a) massive spike in difficulty so now 2000 kHa/s only mines ~100,000 Doge overnight instead of ~400,000.. and b) BTC price fell so everything is worth less in relation.

 

[Silverforce11]

What's it come down to when playing this market - Trusting your own instincts, registered Broker (Do they EXIST)? or a hire a Bookie?

Trust your instincts, always. When Doge was down to 0.0000002 yesterday, I converted all my BTC/LTC into Doge. I knew it would get back up to at least double that if not more. It did.

 

[SunnyD]

Not sure what you're getting at but its hanging around the 0.0000004 to BTC mark, higher than it was a few days ago at 0.00000033 when this took off. The only reason its less profitable is a) massive spike in difficulty so now 2000 kHa/s only mines ~100,000 Doge overnight instead of ~400,000.. and b) BTC price fell so everything is worth less in relation.

When this "took off" (last week), it was a decimal place over in terms of exchange rates. Coupled with the super low difficulty and high block rates/rewards, that's where the "early adopter bonus" people were making $200+/day.

 

[Z15CAM]

Instinct Vs and Experienced Crypto-Coiner has a market all by it's-self - When it comes to PROFIT.

And that's why this thread is a world wide notice at the moment.

 

[IEC]

Yup, I was fortunate enough to start soon after Dogecoin's launch, when I mined over a million coins a day. Now I'm lucky to pull in 400K a day, and probably even less today.

Even if I think the coin is a joke (and a funny one at that) it is STILL over 100% more profitable for me to mine it vs LTC. Plus I've been getting "free" BTC and LTC from it to add to my long term holdings.

Now you "true believer" types might make more money than me in the long run because I've been selling half as I go along, but if this all crumbles into dust at least I paid for all my toys in terms of US$ gained

 

[thilanliyan]

Anyone having trouble mining on netcodepool? My 7950s seem to be okay, but my 290s are having trouble keeping hash rates up. When I start one of them it is fine (~800kh/s) but when I start the 2nd one, the hash rates of both drop to ~200kh/s as shown in cgminer.

Anyone?

I can't seem to get my 290s to mine doge all at once. It was working fine with LTC. Could the pool be doing something to limit the number of connections?

FIXED - Forgot to change the device ID.

 

[IEC]

Edit: Never mind.

 

[IEC]

Anyone?

I can't seem to get my 290s to mine doge all at once. It was working fine with LTC. Could the pool be doing something to limit the number of connections?

Nope, not the pool. Check your .conf file or your .bat file if you're using that. I run dual 290s in one rig with no issue.

 

[x3sphere]

I made a little over 1.5 btc from doge so far, selling them off as quickly as possible has been a good strategy. I sold a lot of my holdings at .6/million and .55/million.

Most altcoins, as soon as they get added to exchanges, see a spike in value then start to tank. Then it's months before they start to go up again. I dunno if Doge will last that long as it's based on a meme, appeal could start to wear off. Who knows though, but I rather lock in BTC profits.

 

[Z15CAM]

As I've said I'm willing to pay 5% of my earning to an experienced Crypto-Coiner under contract for say a Year. Is that Illegal?

I don't think Anandtech want's this - Anand is Sponsored - Just like every Reviewing Site.

Don't be surprised if Anand don't consider this thread STOPPED with the lines I've posted.

It would be NICE to have a response from any Hardware Reviewer over this.

SafeMode.

 

[thilanliyan]

Nope, not the pool. Check your .conf file or your .bat file if you're using that. I run dual 290s in one rig with no issue.

Yep you were right...forgot to change the device ID when I copied the directory! Thanks!