Comments for The Cryptocurrency Blog

Comment on How I mine dogecoin with ASIC rigs by Hahahaha

Hahahaha — Fri, 11 Apr 2014 18:53:27 +0000

Are you joking man 5GH/s thats nothing 😀 The maintaince and maintaince per share will get your profit. and 5gh/s with the difficulty right now you are making aroud 15 cent’s per 24 hours if you mine straight with miner without maintaince fee. Lets say your profit is 5 cent’s per day. After 20 days you will have 1 Dollar nice 😀

Comment on How I mine dogecoin with ASIC rigs by CarnegieSteel

CarnegieSteel — Thu, 27 Mar 2014 22:59:13 +0000

Thanks for the tutorial. I am going to try this out – I’m pretty busy this week but I’ll report back my findings when I can.

Comment on How I mine dogecoin with ASIC rigs by CJ

CJ — Tue, 18 Mar 2014 00:18:03 +0000

Actually this is all bs. If you want the best way to buy doge just trade it for USD (when i say that I mean buy BTC at an exchange and then trade it for doge on cryptsy), thats the cheapest way and will get you most doge for your $. If you invest your money in cloud mining and then trade the btc for doge you will not get as many doge, simple.

Comment on How I mine dogecoin with ASIC rigs by eff that

eff that — Mon, 10 Feb 2014 04:08:20 +0000

You just got lucky because you sell back cex.io GHS so frequently. For those poor saps who sit on GHS they will LOSE LOSE LOSE.

I say day mine, and only do so in the MIDDLE of the difficulty raises.

Tons of people just lost a bungload when they fell asleep, the BTC diff went up, then they sold they realized their GHS lost 50% of their value.

It’s only a good scheme IF you pay attention and cash out often. GHS will ONLY go up IF Cex decides to flood their market with new hardware. The diff increases every 12 days guarantee that GHS will lose value as productivity goes down. Cex will have to add more hardware, but the arms race is hitting them hard. All of the strategy you need to win is being hidden from you by Cex.

I’ve been banned along with others who understand this system from chat. Cex is banking on people buying GHS at the ridiclulous high price.

I own CoinTerra 2 TH/s miners which give a rate of $3 per GH/s. I bought them with BTC I bought at $5 in 2011 so I lost nothing, so I’m lucky. But they too will be paper weights in a year. Mining is only for the cartels and hobbyists now, you will not get rich unless you actively TRADE, mining will yield dick.

Comment on How I mine dogecoin with ASIC rigs by dogenewbie

dogenewbie — Thu, 06 Feb 2014 20:19:35 +0000

Hi very interesting article. Plz, plz write this guide how to buy doge on eBay and dogecoin forum and avoid be scammed. I am looking forward for this.

Comment on How I mine dogecoin with ASIC rigs by NINJABOOTS

NINJABOOTS — Tue, 28 Jan 2014 00:01:28 +0000

This sounds very interesting!

Say I purchase 10Gh/s, am I only mining BTC or other Altcoin are being mine?

When you reinvest to buy more Gh/s…it’s like compound interest, right?

When do you cash-out and purchase Dogecoins?

Comment on How I mine dogecoin with ASIC rigs by Ondaderthad

Ondaderthad — Sat, 25 Jan 2014 04:55:46 +0000

Hard to tell without doing a lot of calculations with 8 decimal points. LOL
But my strategy is to reinvest all mining profit to get more GHASH.
I also trade Quarks and Dogecoins that I am mining at home with 2 CPUs and 3 Video cards.
(I consider the electricity costs the same as buying coins at an exchange)
I then transfer my traded BTC to CEX.io to get more GASH.
I found out that the maintenance costs are $0.00045 per Gh per hour
and the maintenance per share is 0.000000000669 BTC per share.
(negligible)
It’s the weekend now but I will consider purchasing more Bitcoins on Monday if the price is still low enough.
I am currently mining with 5GHS and growing…

Comment on How I mine dogecoin with ASIC rigs by Lord of the Cameltoe

Lord of the Cameltoe — Thu, 23 Jan 2014 20:33:45 +0000

I see fluctations in how much I earn per day. I’m not 100% sure why, but some days I’ll earn more and some less. I figure this is due to the variations in difficulty and the variation in the number of miners in the pool.

Have your earnings changed since you posted your comment? I’d love to get more feedback.

Comment on How I mine dogecoin with ASIC rigs by Lord of the Cameltoe

Lord of the Cameltoe — Thu, 23 Jan 2014 20:31:01 +0000

I haven’t tried to calculate the minimum amount to deposit to start earning, and to be quite honest, I wouldn’t know where to start to make such a calculation.

Then again, I’m the type of guy that either goes big or goes home, so I would invest much more than the required minimum. As the difficulty increases, I would simply keep putting more into hashing power to make sure you’re still making an interesting return.

If that’s not fast enough for you, try day trading 🙂

Comment on How I mine dogecoin with ASIC rigs by Lord of the Cameltoe

Lord of the Cameltoe — Thu, 23 Jan 2014 20:28:02 +0000

1) They cover the cost of electricty. I think they charge a very very small charge to cover such costs. You can read it in their FAQs

2) Yes unfortunately, that’s the nature of cryptocoins. HOWEVER, at least you’re still generating BTC and you can resell the hashing power after. I would rather have my coins working to produce more coins rather than just sit there doing nothing. 🙂