Cryptocoin Mining?

[DownTheSky]

How much time it takes to make a transaction on cryptsy? I've put some doge yesterday in my acc there and widrawed them today. 2hrs later and I see no dodge back in my wallet.

 

[Silverforce11]

dat 46 millions sell order

nearly all gone, pretty quick. doge hype is truly amaze.

 

[Kallogan]

thought it was you dumping your massive pile

 

[Silverforce11]

thought it was you dumping your massive pile

Not yet, its gonna get much higher. Too much hype on the net.

 

[Silverforce11]

So you're saying that any press is good press?

At this point in its life cycle, thats about right. Think KK or LL before they peaked and everyone knew their name (for all the wrong reasons!). That's bitcoin. Many places and countries around the world has yet to hear about BTC or crypto-coins. But go to Uganda and they know of Kim, Linsay etc..

Once its saturated, then bad news will hurt. But it hasn't reached saturation yet.

The Chinese all but pulled out and we're still on $500-700 a BTC! That in itself is miraculous and what hype/fame/infamy can do.

 

[pandemonium]

I don't think the full impact of Chinese withdrawal has been experienced yet - if it will be. Everyone panicked and sold in the last few days. Now people are buying back on btcchina and around the world in general...

One thing's for certain: cryptocurrency is resilient in the community. Volatile, but resilient.

 

[Minjin]

Dead cat bounce...

 

[Kallogan]

yep btc seems to resist well, good news as all alt are tied to it.

I'm pretty confident the doge hype will be strong at least for one good month as it is spreading everywhere, even on crypto non-related forums, so many new people will jump on it. Well, as long as bitcoin remains strong, at least.

 

[mkrohn]

Generally I agree that buying coins is better than mining coins, but there is a "VC approach" way to take advantage of mining. If you can get into every new crypto currency (un-premined, non-scam) and mine the hack out of it between difficulty 0 to 10 with a non-trivial hashrate (preferably 5Mh/s or more for Scrypt based crypto), you will probably be doing pretty ok because there are always pump and dump coins like feather, quark, world, doge, etc. And some of these pump and dump even retain some value after a few months. However, doing this kind of "VC approach" of mining coins early is very time sensitive.

Just my 2c

trust me it takes insane amounts of time... I'm thinking about just setting up a pool server out there just to setup with various coins as they come through. Being the first operational pool on a single hot coin like DOGE can be a massive money maker. I'm over 7Mhash so I can jump onto a new coin and fly. If I choose a decent hosting provider then I'll be able to scale pretty well as needed. I've been using a local box as my coin server but I'm basically doing the work already so why not allow some other people to connect?

 

[Zstream]

So, if everyone is shifting over to Doge, why is the difficulty going up on litecoin?

 

[SunnyD]

Finally "took" some of my profit on doge this morning. "Meh". But it'll pay the bills.

 

[UNhooked]

So what does it take for an alt coin to remain profitable? More businesses that use it? Everyone knows about Doge now but what about 6 months down the road? What would it take for Doge to continue to be profitable?

 

[SunnyD]

Doge is also trading at Coins-E now too.

 

[nwo]

So, if everyone is shifting over to Doge, why is the difficulty going up on litecoin?

Because a lot of doge pools are shady, unstable, and/or unreliable.

In other news, coinedup and doge.netcodepool are still down

 

[Zstream]

Because a lot of doge pools are shady, unstable, and/or unreliable.

In other news, coinedup and doge.netcodepool are still down

Ah, I figured as much... I have been mining with the pools listed and it's been down for a while. Back to LTC mining for now I guess.

 

[holden j caufield]

scryptpools seems to be down for me also. How do you deposit your doge coins into cryptsy?

 

[xodusgenesis]

http://doge.hashfaster.com/index.php

and

http://fast-pool.com/

have been up the entire time

 

[Torn Mind]

Bitcoin is only superior in that it is not debt-based. Every fiat dollar in existence is on LOAN into the economy. Not so with bitcoin.

In simple terms:

It's the people's currency, if they want it to be.

VS the dollar which is the slave's currency because slave-masters TOLD US THAT IT IS OUR CURRENCY.

Debt-based fiat = slavery.

Bitcoin = our latest attempt to get out of slavery.

It's a start, and it has only just begun.

Oh, you're afraid that the Fed is going to sell all of its Treasury bonds and pull all the money out of the system?. The money is not loaned, whatever that means. Buying and selling those bonds controls the size of the money supply.

So, what is tangibly better about bitcoin being the people's currency. Is it that people can be the money printers and thus make their own money with little regard to the actual economy? The ones with ASICs are the ones who will make their remaining fortunes from mining. In addition, Bitcoin has not reached its ideal, final state, so the economy based on those coins is subjected to inflation just like with fiat currencies.

In addition, slavery implies ownership and very little control over what one can do. The U.S maybe in a downturb, but the subjects aren't living in conditions where their freedoms are that oppressed.

So, what tangible benefits does Bitcoin bring? Its the new cash. That's it.

 

[IEC]

Wow, difficulty is now 245. No wonder my production took a big hit.

 

[UNhooked]

yep diff is catching up

 

[KlokWyze]

Because a lot of doge pools are shady, unstable, and/or unreliable.

In other news, coinedup and doge.netcodepool are still down

Yeah I see that..... backto LTC mining.... sigh

looks like coinedup is back up.

edit:

doge.netcodepool web page is down, but it looks like 1 of miners is still submitting shares..... can I trust this?

 

[thilanliyan]

Damn, I was hoping to make 1,000,000 Dogecoins

I think the frontend of doge.netcodepool is down, but the back end (where the miners connect to) was fine when I checked about 2 hours ago.

 

[geokilla]

Woke up this morning to see it stopped mining... WHY?! I had my config file set up too so there were two other backup pools! Webxass is down, and same with netcode.

Such sadness.

 

[thilanliyan]

doge.netcodepool web page is down, but it looks like 1 of miners is still submitting shares..... can I trust this?

I think you can. The website was down for most of yesterday for me, but the miners seemed to have worked properly and I think I got the correct payments. Anyway, if you don't trust it, set up back up pools.

 

[wand3r3r]

Dogecoin price has increased ten fold since Saturday.

Wow much amaze! To the moon!