How To Mine For Dogecoin DOGE 2018
Jan 13, 2018 Hi friends, in this video i am going to tell you about dogecoin mining website which can help you to mine free doge on any device like pc, laptop or mobile.
There is a lot to be learned from the cryptocurrency market just by the performance that has been demonstrated especially by the major players. One of those things is that anything is possible and one of the digital coins that demonstrate this is. A lot about this currency just spells out humor, such as its name for starters and the fact that its logo is a funny-looking dog that looks like it was derived from a meme. It has even earned itself the nickname ‘joke currency. Just a clarification, the dog on the logo is a Japanese breed called Shiba Inu and the digital currency was indeed created with an aspect of humor. However, it is a legitimate cryptocurrency and it has also played a very important role in helping many people to understand the dynamics and technicalities of cryptocurrencies.
The coin was created in December 2013 and it currently occupies the 35 th position in the list of cryptocurrencies based on market cap. Its price has recently been surging and it hit a new all-time high on December 21 after reaching $0.008768. Its price had however gone down to $0.007509 at the time of this press. It is currently not clear why there was such a noteworthy surge in the price of the currency especially over the past one week but that is most likely due to the overall effect of the cryptocurrency market which has seen most of the digital currencies gaining momentum. Despite its recent gains, Dogecoin cannot currently be categorized as one of the best performers of 2017. It currently has a market cap of $844 million and its price movement so far remains miles away from $1.
Dogecoin was created by Jackson Palmer to make fun of hyped up cryptocurrency market in 2013. He created it as an inflationary digital currency, unlike bitcoin which is deflationary.
Palmer also believes that the cryptocurrency market will crash soon. Despite its unusual reason for being created, Dogecoin seems to have gained some traction and it is well known in the cryptocurrency community.
Those who become active members of its forum on Reddit are awarded free Dogecoins. The coin has also had its fair share of downsides such as being robbed by a hacker. The fact that the digital currency does not have much going for it at the moment speaks a lot about its potential future which is currently not that bright which raises a lot of curiosity about its performance in 2018. However, this gloomy cloud might have a silver lining only if there are willing buyers and sellers transacting through Dogecoin. This is the only way that the altcoin can remain in the cryptocurrency market. 2018 is around the corner and observers and traders are watching to see how Dogecoin and the entire digital currency market will behave. We will be updating our subscribers as soon as we know more.
For the latest on DOGE, sign up below! Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency. Image courtesy of Global Coin Report Archives/Flickr. AMP is leaving holders and investors around the globe severely disappointed as no one seemed to expect such a cruel drop in price. Although 2018 was announced as a year of cryptocurrencies, AMP appears to have no luck at all.
AMP, the official token of Synereo platform is slowly decaying in price, but Synereo creators seem to have a backup plan that should help this token recover and get back on the track. Here is everything you need to know about AMP, Synereo and the announced novelties regarding this coin. A little about Synereo Synereo is a decentralized platform based on blockchain technology with a focus on monetizing content.
Synereo made that possible by using AMP as its official token to reward and monetize any original content published anywhere online. Needless to say that this case encouraged many content creators to start investing in AMP, also joining Synereo platform, the home of AMP. Based on blockchain and Economy Attention, the most significant success Synereo made is probably WildSpark. WildSpark is the first tool ever to be created by Synereo. WildSpark works in the form of a meta-layer protocol located on blockchains and existing on top of content hubs and social media platforms. Its purpose is to monetize the original content in the form of rewarding both content creators and content curators. Rewards are given out in the form of AMP tokens, encouraging content creators to create more valuable and original content, while also helping people to share the generated content.
Synereo, hubs and social media platforms aren’t in any way presented as third parties in this program as all creators and curators are being rewarded without any of the mentioned parties taking a cut. So, basically, with this app, you can publish anything and anywhere on the internet and get paid for it in the form of receiving AMP tokens.
What is going on and why is AMP price decreasing? The current price at which this token is being traded is 0.48$ per one coin. This is the final price from the last 24 hours in the time of writing, stated after the initial decrease of -10.44%. How is it possible that AMP is falling so low with its price when just less than a month ago this currency announced a partnership with Changlly? This partnership enabled WildSpark community to get paid by “attention holders” with any currency they have, that way leading this strategy of monetizing content to a whole new level. But, it seems that this partnership wasn’t enough to keep AMP from dropping in price.
Beginning from mid-January, AMP started to fall radically, which led to the current trading price of 0.48$ this coin is being traded now. The reason for the fall is the confirmed case of having slow transactions within the blockchain of Synereo. That is why this startup coin decided to join a larger more stable network that would enable fats transactions – Ethereum. AMP and Ethereum The AMP and Synereo creators announced the merging of AMP with Ethereum. The initial joining should occur around June 2018, but the exact date is yet to be confirmed.
WildSpark and the strategy of monetizing content are also being transferred to Ethereum, where AMP will appear as one of the supported tokens within the Ethereum network. That way, by joining Ethereum and its ecosystem, AMP users, holders and investors should no longer have problems with slow and pricey transactions. The reason for having Synereo bugging in performance is the fact that WildSpark is getting more and more in popularity, consequently growing in members as well.
To avoid “system overload,” Synereo, along with AMP and its holders, users, and investors will transfer its protocols to Ethereum. Within the Ethereum ecosystem, AMP would be used for transactions and exchanges while the users would be allowed to take advantage of smart contracts and all features that come with Ethereum. After the announced merge, AMP should be able to get back on the track with a better performance which should result in having its price increasing instead of rapidly decreasing as it is the case right now. We will be updating our subscribers as soon as we know more.
For the latest on AMP, sign up below! Disclaimer: This article should not be taken as, and is not intended to provide, investment advice.
Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency. Image courtesy of. Ranked at 167 th place on the global coin ranking list, ION didn’t strike as a coin that could potentially grow large overnight. Farming ZCoin XZC 2018 more. But, looking at the latest change in its price and being traded at its all-time high on all major exchange markets, we can’t miss mentioning how well Ion is doing, especially these days.
For those who are not informed in detail about the idea behind Ion and Ionomy, here’s everything you need to know about this coin. Influenced by Bitcoin and Blockchain technology, Ion was launched in May 2015 when it was presented as a proof-of-stake decentralized ecosystem. The main idea behind Ion and Ionomy is gaming industry, games and digital values and goods.
So, anyone interested in this coin might as well be interested in games and gaming apps. Inspired by Bitcoin, but still addressing its flaws, ION creators have chosen proof-of-stake as a great alternative to proof-of-work – the protocol Bitcoin is using. The main reason for choosing proof-of-stake is the fact that this protocol is consuming less energy, that way providing an economic ecosystem with enabled decentralization. ION is also working on the hash algorithm, which is a key within a public key. Let’s say that our original data information is represented by a certain number. That number would be shown in a different form when gone through the hash algorithm, providing a value that is non-recognizable.
That is how ION is keeping transactions within their blockchain ecosystem, private and untraceable, which isn’t the case with Bitcoin where all information can be acquired as all info is being saved on the central blockchain. This protocol is functional because it takes a multiplier that is unknown, merged with the original value that gives a whole different value when translated through a hash algorithm. But, what makes ION attractive to most users and holders who are not following up with technicalities like protocols and algorithms is the fact that ION is promoting the gaming industry, launching games, and apps and creating reward programs and competitions for gamers around the globe. Earth to Moon Around mid-December 2017, ION developers launched a beta version of a game called “The Moon or Burst.” The game is relatively addictive for anyone who likes mini-games available for Android and iOS. The game launched by Ion is also available for Android and iOS so anyone who is a part of the community can download the game as of 26 th of January. The most exciting thing about this game is navigating from Earth to the Moon while avoiding threats like black holes and other aircraft.
Apparently, there was a tournament organized in the spirit of launching a public version of this game. Anyone could apply and play as of 26 th of January. The winner of the competition was announced only three days after the beginning of the tournament and awarded 5000$ in the form of ION tokens.
This is, without any second thoughts, an amazing reward and an easy way to get “some” ION tokens. But, at the same time, the launching of the game can be interpreted as an amazingly clever strategy to get more investors to chip in and buy ION before the release of the game. This presumption is proven to be true as after having announced the launching of the game on January 26th.
The price of ION went up for amazing 51%, which led to a price of 5.94$ per one coin. Where is ION at Right Now? After the Earth to Moon tournament has come to an end, it seems that some disappointed competitors didn’t get their hands on the 5k prize and decided to sell their ION tokens. The price fell below the original 5.94$ per one coin.
Jokes on the side, whatever the reason for the decrease although this coin was trading at an all-time high across all major exchanges, Ion got back on the track with the newest increase only a day after the initial decrease. In the last 24 hours, the volume of trading in Ion tokens increased, which resulted in a 7% rise in ION’s price. Currently, this coin is trading at 5.36$ with a market capitalization of 103 million dollars. In case Ion would continue at the current pace when it comes to increases, this coin could quickly reach the price of 10$ within a few weeks.
Given the fact that Ion developers are focused on all aspects that make one digital currency a potentially safe investment, it seems that this coin will have a bright future. And, by creating a decentralized ecosystem with a focus on the gaming industry and rewarding strategies with safe and secure protocols, Ionomy is undoubtedly growing towards becoming a robust decentralized community. So, the last call for buying Ion at its lowest based on the current performance of this coin is probably now or never. We will be updating our subscribers as soon as we know more.
For the latest on ION, sign up below! Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency. Image courtesy of. Although Aelf (ELF) is on large trading platforms such as Bitfinex and Binance, this digital coin had its glory stolen by other popular cryptocurrencies stealing its spotlight the most of 2017.
But, with the arrival of a new year, there came new solutions, and that is when we heard about ELF again. But, as ELF has new solutions upcoming as well, in the form of a private sale organized to sell as much of this token as possible, we are witnessing a change in trending on behalf of this digital coin. To keep up with this digital token, we first need to explain what ELF exactly is and which idea it represents. ELF or Aelf is a digital coin launched and created to serve a decentralized platform which would allow utilization of Blockchain in the physical world of business. That means that developers behind this token have the idea of increasing scalability within blockchain technology so that the current model of business doing could be modified and improved.
To solve the problem of scalability within blockchain technology, the developers have concluded that the best option for reaching their goal would be to create a blockchain ecosystem that would be decentralized but working in a similar way operative systems like Linux do. That is how ELF token is planning on running its platform, Aelf, based on nodes that would be organized in clusters.
To put this simply, Aelf would be running on nodes that would allow transactions within different groups. So, while there would be transactions being processed in one group, other groups would be able to simultaneously perform different transactions within their network, but unrelated to other groups. The idea behind this type of system is to ensure that the groups for transactions are organized by similar “interests.” That means that different businesses would be organized in different groups, that way creating a well-organized ecosystem that would enable easy business doing and turn-key solutions. So, Aelf has the main goal to become a blockchain decentralized platform that would meet business and mainstream institution needs with each smart contract running on its own network in the form of nodes, which would at the same time solve the scalability issue most platforms have. The Goal and the Aelf Team The goal of this project is to revolutionize the way people are doing business today, but at the same time, creators of this platform are looking into efficiency and security problems that have to be solved. In that spirit, each smart contract and each transaction group will run on separate chains, that way posing a new business model and revolutionizing several mainstream markets.
The idea is to accept any type of business and create a versatile community that will be able to obtain a self-sufficient status. Think about it as a reality within a reality where virtual world is actually connected to the physical world.
The result would be simplified business ventures, safe and fast transactions and low fees. The ecosystem supported by this token should take on the announced novelties pretty soon, potentially creating an incentive business ecosystem that would be ready for several business types, models, and scenarios with a turn-key solution. To make this project more desirable and boost ELF sales, the team has organized a private sale where they managed to collect 55.000 ETH on behalf of ELF token, that way boosting the price of this coin along the way.
Another project with the idea of promoting ELF was recently launched when the team behind this coin invited people to join a project called Azeroth. The launched project is supposed to reward anyone who applies and registers with free ELF tokens in a way known only to the registered parties that are participating in this project. All these projects, including the private sale, probably represent a way of making this no longer forgotten coin, well remembered and running across mainstream waters. It seems that this strategy is working pretty well as ELF is experiencing increases in price, leading from the original major increase in 2018 that happened on January 18 th when a whole lot of different tokens were actually suffering from major decreases.
And, on January 26 th, ELF had another jump marked at 21% of increased price thanks to the launching of Azeroth, a free rewarding program. Look for the team behind ELF to have all the announced changes implemented into a functional community. Once implemented, the price will most certainly rise. We will be updating our subscribers as soon as we know more. For the latest on, sign up below! Disclaimer: This article should not be taken as, and is not intended to provide, investment advice.
Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency. Image courtesy of.
Dogecoin has only been in existence since December 2013, but it’s already effectively the 3rd most popular so-called cryptocurrency after Bitcoin and Litecoin (in terms of volume of transactions). While Internet memes typically have a limited lifespan, there are also some technical reasons to believe that in the long term. Not least of these is the fact that Dogecoin will keep adding new coins each year at a steady rate, unlike Bitcoin where there is a limited supply. Also, there are many more Dogecoins in circulation right now. While this means that each coin has a very small value, it also makes it psychologically much easier to use, since it’s more satisfying and understandable to buy something for a few hundred Dogecoins, instead of perhaps a fraction of a single Bitcoin (even considering smaller Bitcoin denominations such as mBTC). (See also Tuxedage’s post – ) What you’ll need to start mining Ideally – cheap electricity and a bunch of graphics cards.
However, you can start mining Dogecoins even using a single PC. You can also mine without using a graphics card, although the progress will be slower. Mining for coins shouldn’t affect the performance of your computer on the default settings, since it will only use computing or graphics power when the system is idle. Mining for coins on a laptop is usually not worth it, since it’s not powered on 24/7, the CPU/GPU power is lower, and there is a greater chance of stressing out the chips on the laptop since they’re usually packed into a tighter space, and consequently at more risk of overheating. But if you just want to mine a little bit to get a few coins to play around with, it can do the job. Compare your setup If you’re just mining Doge for fun, you might want to skip this bit, but you might be curious about how well your hardware setup is going to work.
The is what you want. Since Dogecoin is based on Litecoin, the values here are a good indication of the relative power of your hardware. Find your graphics card or CPU model in the first column, then check the next column for the kH/s value. This is a measure of the speed at which you can complete hashes. You’ll probably want something that can do at least 150 – 200 kH/s to mine a decent number of coins, although, the faster cards will consume more electricity, so they may not always be a better option than a slower, more power efficient setup. We give some efficient card recommendations further down.
Update – State of the Doge – Spring 2015 Dogecoin is now a little over a year old, and a lot has happened in that time, far too much to list here! But in terms of mining Dogecoin, there have been some major changes. Some of the most important have been: • The rise of Scrypt ASICs – Dogecoin was initially made using the “Scrypt” algorithm which meant that it couldn’t be mined using the specialised hardware ASIC chips that had been designed to more efficiently mine Bitcoin. However this situation didn’t last very long, and about halfway through 2014, ASICs that could mine Scrypt-based coins started to become widespread. This meant that CPU and GPU miners had to compete against the much more energy efficient ASIC miners. • Merged-mining support was added – There were concerns that one or two big groups were dominating the Dogecoin mining scene, which led to the hypothetical possibility of a 51% attack, where a single group could corrupt the transaction network or blockchain, by virtue of controlling more than half of the processing power (hashrate).
To solve this problem, the Dogecoin developers added AuxPoW support – referring to the fact that now the “PoW” or proof-of-work done by miners of other coins would be accepted in certain circumstances. The net effect of this was that these other miners now got some Dogecoin at times, and the overall mining difficulty (and hashrate) of the Dogecoin network went up dramatically, thereby spreading out the hashrate over a more diverse mining group, and making mining Dogecoin directly more difficult. • The amount of coins being added to supply decreased – Unlike other coins, there will always be new Dogecoins available for miners to discover, however the number of coins per reward “block” continued decreasing throughout 2014. This was a result of the natural halvening reward schedule for Dogecoin, and was entirely expected, but still put pressure on miners. However, this addresses some of the initial criticism of Dogecoin where some people commented on the high inflation rate due to the large additional supply of coins per miner block reward.
In fact, Dogecoin now has a lower inflation rate compared to Bitcoin, dropping to around 5% by the end of 2015. What does it mean for mining Doge? Due to the combined effect of these changes, directly mining Dogecoin with a CPU or GPU is now extremely difficult in terms of getting any sort of reasonable payout. However, all is not lost!
– you can still efficiently mine on certain pools with a CPU/GPU setup and get paid in Dogecoin – we’ve updated the mining pool section with details of how to do this. How to get started Ok, you’re all set to mine Doge, how do you begin? First of all, go to the official Dogecoin site, and download and install your wallet (or you can select the “Browser” option to see some online wallet options). We’re going to use the Windows Dogecoin Core wallet in this example, however most of the wallets share the same basic features. Click on ‘Much Receive’ to see your wallet address.
You can use this long string of letters as the address to use when you want to receive money in to your wallet. Don’t worry about making it public – people post their personal wallet addresses anywhere and everywhere in order to receive money into them. The Zipso.net Doge fund, which happens to be DHu4RNjYTdRu1kcgjWrabiWd5Z4yBgsfqd At this point, you should probably also go up to the Settings menu and Encrypt Wallet. This gives some protection if your computer is hacked or infected by wallet-seeking malware. You might notice that when you first install your Doge wallet, it has to synchronize with the network. What’s happening is that the wallet is catching up on all of the historical Dogecoin transactions, so that it can accurately see if any of the transactions applied to you.
This is typically quite a slow process and can take a number of hours. However, read on – you can start mining even before your wallet is fully synced. Mining pools vs going solo Mining for Doge and other coins typically involves your computer finishing a ‘block’ of a mathematical puzzle, and then getting rewarded in coins for solving it. The problem is that the difficulty in solving a single block is usually far too high for a single, solo miner to complete. In other words, you could be mining for days, and not solve a block, while someone else solves it in the meantime and you end up with nothing.
For this reason, most people join mining pools, which combines their individual power in block-solving, and also shares out the rewards according to how much you contributed to solving it, even if you weren’t the one who actually found the ‘right’ answer for that particular block. To join a mining pool, you just sign-up on their website. The quality of the pools varies, and reliability is a bit of an issue since some pools can go offline for various reasons. Update – We now recommend that beginners use pools that mine coins based on the X11 (Darkcoin/DASH) algorithm, and can automatically payout in Doge. Two popular mining pools that use this model are: • simplemulti.com • multi.pandapool.info Both of these pools are very easy to use and don’t even require registration. They will allow you to use a miner program that supports the X11 algorithm, then whatever coins are mined (possibly Darkcoin and others) get automatically exchanged for Doge, and paid to your wallet address. Update 2016 – Unfortunately both simplemulti and pandapool have now shut down.
You see for some suggestions, or you could try the following multi-coin pools: • • • You can find a larger list (almost certainly contains a lot of defunct pools however) – sort by highest Hashrate to find the most popular pools, or for more up to date information, check for updates. Setting up the coin mining program. Lots of Dogecoin waiting for Shibe. Image credit: Update – Simplemulti/Pandapool mining Jan ’16 Update: Both Simplemulti and Pandapool have now shut down. • Select the server, and one of the X11 ports (we suggest one with the lower difficulty or “Diff” value initially) • Select DOGE as payout currency, and add a wallet address that you have setup in your wallet (created in “Much Receive” – In the Dogecoin Core wallet, you may also need to go to File and “Much Receiving addresses” to show any addresses you have setup previously – they can be selected and copied from here). • Worker name and starting difficulty is not necessary – you can keep it as “worker1” or change as you like.
• All of the config info you need is displayed in the “Configure your miner” section. • Download a miner program. The easiest way is to go to the and download one of the miners from there. These are miners that are guaranteed to support the X11 algorithm we’re using on Simplemulti. • After downloading and installing a miner, you just need to run it with the right config details – the exact syntax is different depending on the miner, but you will need to use at least the URL, Port, Username and Password shown on the Simplemulti config page after you have filled in your details. For example, using cpuminer, it might look something like.
Minerd -a X11 -o stratum+tcp://ca.simplemulti.com:3453 -u walletaddress -p worker1 -t 2 where “walletaddress” is the long string of characters representing your receiving wallet, and “-t 2” indicates that you want to use 2 worker threads (often 2 CPU cores). • For Pandapool, use the same syntax as above, just replace the “ca.simplemulti.com:3453” address with one of the Pandapool addresses, e.g. “ multi.pandapool.info:4008″. • Now skip ahead to “Start your Engines”!
Note: Because X11 is a different mining algorithm compared to Scrypt, the hashrate range is different, and usually much higher. This doesn’t really affect profitability either way, it’s just something to be aware of when comparing rates between different mining setups. For standard mining pools For other mining pools, you will often need to create a “worker” on their website. You can think of the worker as just a place in the pool which receives all the mining work that you’re going to send it. You’ll need to choose another name and password for the worker – this is separate from whatever you used to signup to the website. Now you can download a miner program – Note: These miners typically use the Dogecoin Scrypt algorithm, so you may not be able to use them for mining on X11 pools.
For GPU mining: • AMD/ATI card owners should download • Nvidia card owner should download • You can also check out the GUI based, feature-rich which supports a range of mining hardware, although may be a little too extensive when starting out. CUDA Manager • An all-in-one GUI and miner package has been released using cudaMiner. See below for configuration details. For CPU mining: • You can use (other OS version downloads ) All that’s left to do is figure out how to use the miner program using your mining pool configuration.
To do this, we will change the startup parameters for the miner. First, go to your mining pool website and see if they have a Getting Started guide. You’ll need to find the following: Settings needed to connect to your pool • Stratum address and port number to connect to.”Stratum” is a coin mining protocol, but you can just think of it as a type of internet address you will connect to which provides a channel for sending and receiving the mining work. • Your worker name • Your worker password • Your username for the site Let’s use the settings as an example. Currently, the most basic way to connect to this pool (using the CPU miner) is by using the format. Minerd -o stratum+tcp://stratum3.doge.hashfaster.com:3339 -u Weblogin.
Worker -p Worker-password Note that you need to replace “ Weblogin” with the username for the mining pool site, and “ Worker” is the name of the worker you created on the site. “ Worker-password” is the password for the worker, not to be confused with your standard password for the site.
“stratum3.doge.hashfaster.com:3339” is the address for the stratum on hashfaster, so this will change depending on your pool, and some pools have different stratum addresses to choose from depending on your location, hashrate etc. The parameters above are the minimum you need to start working with any miner, and should often work OK without specifying anything else. In some cases, you may see the “-o” option written as “–url” and vice versa. Also, “-u” is the same as “–user” and “-p” is short for “–pass”. CUDA Manager settings CUDA Manager will use the same worker and stratum settings as above, and just choose any Nickname for the miner.
Here’s an example using the (now defunct) rapidhash.net pool. You’ll need to change “myusername” to your pool username, and “rapidhash4” to whatever worker name you’ve setup on the pool, and supply the worker’s password. Select “Interactive” to make your PC more usable while mining. Note that the “CPU Assist” option in the GUI is not a separate miner – you can still run the cpuminer app (below) simultaneously to mine coins with your CPU. When you’re done entering settings, click on “Add Miner to Manager” to add this miner to your list on the left panel. You can now select it and click “Start Miner” to begin mining.
Now skip ahead to “(boooo) and (yay!!!). Start your engines (command line miners) So you’ve figured out what settings you need to start your miner (or maybe not!). Either way, you can try starting it to see what happens.
The easiest way is probably from the Command prompt in Windows or a Console shell in Linux. In Windows, you can copy the command-line in the previous section into a batch file, e.g. Cudaminer.bat, and then just click on that in future to start the miner with your pool settings. If the miner successfully connects to the pool and starts mining coins, you should see some output referring to the current hash rate. You can also visit the mining pool site after a short while to see if your stats there update. Cpuminer working (slowly) on hashes Other settings If you’re using a GPU miner, you’ll probably need to spend a bit of time tweaking it to get the best settings. There’s a quick guide for cudaMiner, for CGMiner, try.
For cpuminer on multi-core systems, you can use the -t parameter to specify the number of working threads to start with, otherwise, the default is to use the max. For cudaminer, if you’re using a new version, there’s an autotune built-in which will try to detect the best settings for your card, otherwise you use the -l option to specify settings specific to your card. (booooo) and (yay!!!) After a short while of mining, you should get some (yay!!!) text displayed on the output of your miner. This indicates that your share of work was accepted OK. If you get some (booooo)’s displayed instead, don’t panic – it may just take a while for miner to adjust to the pool.
If you keep getting a high ratio of booo’s to yay’s, it could be worth trying a different pool, or stratum address. Value of Dogecoins in US Dollars To find the current value of Dogecoins in USD, go to You may need to put in a Dogecoin amount such as 50 DOGE, 100 DOGE etc. Once you have enough dogecoins accumulated in your mining pool account, you can transfer them to your wallet using a funds withdrawal option on the pool’s website. Just supply your wallet address and amount to transfer.
Backup your wallet It’s important to backup your wallet in case your computer is lost or your hard disk crashes. In Windows, from the Start menu box, type in%appdata% and navigate to the Dogecoin folder. Now copy and paste the wallet.dat to your backup destination.
It’s also recommended to backup your wallet before installing a new version of the wallet software from. You don’t need to do anything else when upgrading apart from installing the new version from the site. Energy Cost If you decide to go all-out mining Dogecoins, it’s worth remembering that there’s a good chance that you might actually be losing money when you consider the price of electricity used vs. The value of Dogecoin. Unless you have especially cheap power or low hardware costs, it’s challenging to mine coins that will sell at an immediate profit. Of course the value of Dogecoins may increase in the future, but it tends to be a very volatile market in the short-term.
Also, you may want to be aware of heat and electric currents if you’re running custom or overclocked setups – melted plastic or overheated rooms aren’t fun, although most chips now have a thermal cut-off at higher temperatures. If you want to work out the profitability of mining at current valuation rates, you can use the, replacing the LTC/BTC value with. Graphics card There’s a huge variation in graphics card setups for mining, however a reasonable beginner’s card for around would be something like the.
This gives a hashrate of about 180-200KH/sec. The maximum power consumption for this card, however, is only around 80-90 watts, making it quite efficient. If you can spend a little more, the is a good option and should give you a hashrate of about 450KH/sec.
Power consumption can be between 160-180W. One of the fastest (generally available) cards at the moment is the, however you’ll need to pay for the privilege of getting your 850-900KH/sec. They will pull down about 320-330W when mining, so you’ll need a hefty PSU also. While Radeon cards have typically been the favourite of miners worldwide, Nvidia has caught up to the game with it’s new. This is the first card based on it’s new Maxwell architecture.
For a little over this is an ultra energy-efficient card, which will give you between 260-300KH/sec while only using 60W of power. These new cards are certain to be popular with the Dogecoin and Litecoin mining communities. 2015 Card Suggestions The GeForce GT720 is a new entry level Maxwell architecture card that runs at an astonishingly thrifty 19W, and is available for. Got any other cards you like the look of?
Let us know in the comments below. To ASIC or not to ASIC An ASIC is a dedicated piece of computer hardware designed to do one specific task – in this case, mine coins. Gridseed USB ASIC miner ASICs come in different shapes and sizes, but small USB based units (such as the Gridseed 5-chip) are popular. However, there are serious risks involved with investing in ASICs. We’re not going to claim this is an exhaustive list, however here are some pros and cons of mining with ASIC hardware. Note that we’re comparing (a) mining Dogecoin (or another Scrypt coin) directly using a Scrypt ASIC miner with (b) using a graphics card to mine using X11 or other CPU/GPU algorithm (ala Simplemulti). Pros • Typically much more energy efficient in terms of hashrate per Watt of energy consumed.
• Can be a smaller form factor compared to graphics cards. • Small or older units may be relatively cheap compared to graphics cards. • May be worthwhile if you have especially low electricity prices • Geek credentials, educational & a talking point Cons • Manufacturers have a huge incentive to mine using their own hardware first, reducing profitability of ASIC hardware once it gets shipped to the customer. • ASIC marketplace attracts a lot of vapourware and companies that never deliver hardware. If you’re going to buy one, don’t preorder in anticipation of a future shipping date. • Depreciation runs at a high rate – there’s always something better around the corner.
While this is true of all computing hardware, with graphics cards there is a huge secondary market where it’s much easier to sell an unwanted card. • You can’t play games on them if you get bored of mining. Got your mining rig running sweet?
Time to relax with a refreshing cup of Doge. Image: Shibe Doge So what’s the point of wasting all that electricity for something useless? It’s true that Dogecoin mining (and all other crypto-currencies, apart from ) expends a large amount of energy in effectively useless calculations. They’re not solving anything interesting – they’re difficult simply for the purpose of being difficult, and this process of scarcity is the fundamental basis of all these digital currencies. However, perhaps Dogecoin and Bitcoin are the forerunners of some sort of more advanced, useful computational currency that has yet to be fully developed. But even without that being the case, it could be argued that there is actually an inherent value in using all of this energy, simply to make the currency workable – after all, a huge amount of energy is also expended in transferring, protecting, processing and storing conventional forms of currency, simply for the purposes of keeping those systems running smoothly. And even carrying around cash in your wallet has an energy cost too.
Crypto-currencies have other management costs, but also have some advantages – you don’t need a huge data center to store your coins after you receive or mine them, and the peer-to-peer setup of the block-chain transaction system piggybacks on computing and network resources that are already in place (including other miners). Still, the useless computations do seem rather wasteful, and it would be better if there was a way to create ‘agreed scarcity’ while also doing useful work at the same time. Whew OK, but is it really worth it? Isn’t Dogecoin just an even sillier version of Bitcoin? The Dogerush – To Infinity and beyond? – Image source: Mining for Dogecoins not for you? You can always follow the unfolding story of DOGE at What is fascinating about Dogecoin at the moment is that it feels like perhaps the start of Bitcoin felt like, except with more fun and less politics.
There’s a lot of sharing, and tipping of dogecoins, especially on Reddit. This seems to have helped it grow so rapidly over the recent past. If Dogecoin and the developer community can make it easier to use DOGE over larger parts of the net, it could become a popular alternative currency for micro-transactions (including people who don’t have access to bank cards), or even in more real-world locations using smartphones and other devices. To the moon, Shibes! Thanks, Doge!
Brendon, I thought the same thing about Doge Coin, that it wouldn’t hold up due to its coming across like a complete joke. Then I looked at the other currencies of the world, held together by shoddy governments and inflated dishonestly as opposed to honestly (the creators of Doge Coin actually tell you how much money they will add to the circulation instead of just printing more when they feel like it) I would have no problem trading fully in Doge if more retailers accepted it. Money can’t exceed the value people see in it, but that goes for fiat currencies as well.