Nvidia GTX 1060 mining calculator ⛏️ minerstat

Verge Currency Beginner's Guide

Verge Currency Beginner's Guide
A short Background
2008 was the worst financial crisis the world had experience since the great depression. The efforts of banks worldwide were not enough to prevent its occurrence. Shortly after, someone by the name of Satoshi Nakamoto offered an alternative solution. A digital currency that removes the need for a central bank. His proposal written in the Bitcoin white paper, is summarized below:
  • A secure, decentralized network.
  • A system with economic properties.
  • No need for banks or rule makers.
  • Instant transactions without a need of a third party or government approval.
  • Bringing financial services to the unbanked 2.5 billion people.
  • Total financial freedom. No one can freeze your accounts.
  • Low transaction costs. No ridiculously high transaction fees.
  • A currency with finite amount where no one can print money whenever they want.
Bitcoin
In 2009, when Satoshi Nakamoto launched Bitcoin, the network consisted of computers (in crypto terms, these are called Nodes) to approve transactions, movements of data along the chain. This allows for everyone willing to become a participant, creating a decentralized global network. Allowing for a decentralized currency, free of the control of politicians, or institutions.
The rules can only be changed if 51% of the network agrees on it. This way the network is completely democratized and resistant to hacking attacks.
Unlike today’s financial institutions, no one can freeze your account or prevent you sending money. You are the only person who truly holds your wealth.
It is an open source project. Anyone can see the code and offer or discuss changes with the community. On the other hand, anyone participating to the network with computational power gets incentives or pay, with a fractional amount of BTC.
Blockchain
The core of a secure decentralized network like Bitcoin, lies the Blockchain technology. To put it simply, the blockchain is like a series of Lego, connected to each other by linking information, called transactions. These transactions contain the following data sender, receiver and the unique signature of the sender.
The data will be converted into “hash” before being saved into a block. The bitcoin hash is generated using a set of cryptographic functions called sha256. This way the information is encrypted, is compressed and saved in the block.
Additionally, each block in the chain, contains the information from the block before it. This ensures that if someone tries to maliciously modify information in a block, all the block following this attempt will be changed, making it easier to spot.
Each block includes the information from the previous block. If someone wants to maliciously change the information in one block that change the complete result of all following blocks.
In this type of network there is only one blockchain, and all the information is kept in a public ledger which is shared amongst all the participating networks. For the blockchain to be valid, more than 50% of the participants (nodes and their computational power) must agree with it.
Bitcoin Today (2018)
Until today many, many, events have happened. The network has grown massively. The underlying code is improved in many ways. There are more and more developers and investors that have entered the cryptocurrency space.
Currently there are proposed changes being developed to the Bitcoin network that will make bitcoin rival the centralized networks of today (Visa, Mastercard), while significantly lowering the cost of these transaction.
Many alternative cryptocurrencies have been created along the way, improving some of the aspects of the bitcoin and focusing on certain applications, in the crypto-space, we call them altcoins.
WHY VERGE
The way that Bitcoin function, has severe flaws with regards to privacy:
  • Public Ledger: The transaction information is public, meaning, that transactions can be linked to a person.
  • IP Leakage: A persistent and motivated attacker will be able to associate your IP address with your bitcoin transaction.
Due to the above reasons, it was clear that there would be a need for a privacy coin. Different coins were then created that had this problem in mind. They were ‘too private’ in the sense that they completely by-passed the public ledger. The public ledger allows merchant to provide proof of transactions, which is important for bookkeeping.
Enter Verge Currency, formerly Dogecoindark; which offers transaction on the ledger, both public and private. Allowing the user to choose if the transactions are public or private.
VERGE CURRENCY
2014 saw the birth of Dogecoin Dark; in 2016, it was rebranded to Verge Currency.
Verge improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining your privacy.
What is the Verge Currency Mission?
Verge Currency aims to empower people around the globe using blockchain in everyday life and makes it possible for people to engage in transactions quickly, efficiently and privately. With Verge, business and individuals now have flexible options for sending and receiving payments.
Verge Currency also offer helpful integrations and tools that enable them to handle large scale transactions between merchants and small-scale private payments.
Is Verge Currency a private company and how is it funded?
Following in the spirit of Bitcoin, Verge is an open-source software, and a community. It is not a company, never had an ICO. The development is entirely funded by the community and the developers. Currently Verge is looking into setting up an official Verge merchandise store, and an Official Verge mining pool, for multiple algorithms.
Tech
General technical capabilities of XVG blockchain:
Protocol PoW (Proof of Work)
Algorithms Scrypt, X17, Lyra2rev2, myr-groestl and blake2s
Max Coin Supply 16.5 billion XVG
Circulation Supply 15.2 billion XVG
Minable yes
Atomic Swaps Enabled
Tx (Transaction) Speed 5-10 Seconds
Tps (Transactions per sec.) 100 (Will be ~2000 with RSK)
Tx Fee 0.1 XVG
Privacy Options:
Tor + I2P Networks fully obfuscated IP address / User's Location is hidden
Stealth Addresses It enables users to anonymously receive funds to their wallet. Therefore third parties are no longer able to track receivers addresses, nor are they able to combine official wallet addresses with their stealth addresses.
RING CT Under development
See our blackpaper V5.0 for detailed information.
Development Updates
Marketing Updates

Wallets
Mining

Community
Verge is a community-driven project. The community is the pillar of Verge, from the past to the future, the community built Verge. The community or Vergefam connects everyone from around the world, regardless of cultural background. The common vision is to provide everyone access to financial freedom, and the choice of privacy while transacting.
Below you can find the Verge Telegram communities from around the world;
Official Telegram
🇧🇷 🇵🇹 Brasil/Portugal/
🇨🇦 Canada
🇳🇴 🇸🇪 🇩🇰 Norway/Sweden/Denmark
🇩🇪 🇦🇹 🇨🇭 🇱🇮 Germany/Austria/Switzerland/Liechtenstein
🇵🇹 Portugal
🇪🇸 Spain
🇱🇺 Netherlands
🇹🇷 Turkey
🇫🇷 France
Balkan
🇵🇾 Croatia
🇦🇱 🇽🇰 Albania/Kosovo
🇷🇴 Romania
🇭🇺 Hungary
🇷🇺 Russia
🇮🇳 India
🇲🇾 Malaysia
🇯🇵 Japan
🇰🇷 Korea
🇨🇳 China
🇿🇦 South Africa
🔌Wallet Support
🖥️ Mining support
Mass Adoption
Low fees, quick transactions, high volume in circulation, multiplatform support, Wraith protocol are the ingredients that make Verge perfectly positioned for mass adoption. Transact on the public ledger for everyday purchases or stay private if you wish so.
Getting Started
You can find the matching instructions as below:
See the following useful links:

Official Links
Vergecurrency.com
Verge Team
Roadmap
FAQ
Github
Block Explorer 1
Block Explorer 2
Network Status
Telegram
Twitter
Facebook
Discord
Youtube
Medium
Investfeed
Verge Zendesk
VergeFora
Last Edit: Latest development update links are added to the Tech section.
submitted by Desolatorbtc to vergecurrency [link] [comments]

Why the price of DOGE is falling and will continue to. SUCH MAFFS. SO LOGIC. WOW.

TLDR; Dogecoin is one of the most profitable coins to mine, so people are mining and dumping for profit. Will probably still drop by ~10-25%. Woof. http://i.imgur.com/NRVOtRI.jpg
A lot of people are posting about the price of Dogecoin and are concerned with its price. There is speculation that is misleading and not backed up by much theory. It’s not just as simple as supply and demand, panic selling or the line of best fit on a graph. Let’s look at the maths and see why the coin is dropping so rapidly and why now.
MAFFS
The difficulty of mining a block of DOGE currently ranged from 300-400 [1], the higher this goes the less coin you will mine. To make things simple let’s run an example: Assume you have 1000kHash of digging power; with that you could mine at the current difficulty level approx. 30,000 DOGE a day [2]! The value of Dogecoin is tightly tied to Bitcoin, we first convert it to BTC and sell that. The price for a single DOGE is roughly 0.00000040 BTC [3] and a BTC is worth around $850 [4]. In our 24 hours of work we earn $10.20 (0.00000040 * 30000 * 850). Wow. Such pawfit.
Now compare this to the ‘standard’ of scrypt mining, Litecoin. For the same time and strength of your digging you would yield around $8.50. If you were only interested in profit you would mine DOGE and sell it because it made you the most profit for your hashrate. A lot of people are doing this, including multicoin pools, they mine the most profitable coin and convert it to BTC. It’s simply efficient. This means that there is a huge dump of coin on the market and the price will fall.
SPECULATION
When will the coin stop dropping in price? When it is no longer the most profitable coin, so probably around 0.00000030 to 0.00000035 BTC. At this price the profitability is too low to reward these types of miners. Alternatively, if the difficulty was to increase then the amount of coins earned (EDIT: coins per person, overall supply per time is constant! More miners = lower split per miner) would be reduced and the profit margins would also decrease, I’d estimate the difficulty would need to be around 450 to 500 to balance out. The difficulty increases if more people mine the coin, and at this point that will be depending on popularity.
Sure a few people are panic selling but comparatively this is a drop in the ocean and even so it will just help the coin reach its stable price a little faster. Anybody who wants to see the coin succeed is already doing what they need to, they are not concerned with the price, remember to have fun!
Another point to note is that over the last few days the price of BTC has risen, and so even if the price of DOGE was stable the exchange ratio for DOGE->BTC would still show a fall – this is slightly misleading and the fall in price is not as hard as it seems!
So what can you do? Wait. The price will level out and over time the difficulty should increase with popularity and in around 1-2 months the reward will halve, I'd expect a big peak in price around that time. The coin is young and popular; it needs to learn the Earth before it can go to the Moon.
Sources: [1]http://www.cryptocoincharts.info/v2/coins/show/doge [2] http://www.coinwarz.com/calculators/dogecoin-mining-calculator [3]https://www.cryptsy.com/markets/view/132 [4]http://bitcoinity.org/markets/mtgox/USD 
submitted by Piedo_Bear to dogecoin [link] [comments]

All You Need to Know About Verge / Beginner's Guide

All You Need to Know About Verge / Beginner's Guide
A short Background
2008 was the worst financial crisis the world had experience since the great depression. The efforts of banks worldwide were not enough to prevent its occurrence. Shortly after, someone by the name of Satoshi Nakamoto offered an alternative solution. A digital currency that removes the need for a central bank. His proposal written in the Bitcoin white paper, is summarized below:
  • A secure, decentralized network.
  • A system with economic properties.
  • No need for banks or rule makers.
  • Instant transactions without a need of a third party or government approval.
  • Bringing financial services to the unbanked 2.5 billion people.
  • Total financial freedom. No one can freeze your accounts.
  • Low transaction costs. No ridiculously high transaction fees.
  • A currency with finite amount where no one can print money whenever they want.
Bitcoin
In 2009, when Satoshi Nakamoto launched Bitcoin, the network consisted of computers (in crypto terms, these are called Nodes) to approve transactions, movements of data along the chain. This allows for everyone willing to become a participant, creating a decentralized global network. Allowing for a decentralized currency, free of the control of politicians, or institutions.
The rules can only be changed if 51% of the network agrees on it. This way the network is completely democratized and resistant to hacking attacks.
Unlike today’s financial institutions, no one can freeze your account or prevent you sending money. You are the only person who truly holds your wealth.
It is an open source project. Anyone can see the code and offer or discuss changes with the community. On the other hand, anyone participating to the network with computational power gets incentives or pay, with a fractional amount of BTC.
Blockchain
The core of a secure decentralized network like Bitcoin, lies the Blockchain technology. To put it simply, the blockchain is like a series of Lego, connected to each other by linking information, called transactions. These transactions contain the following data sender, receiver and the unique signature of the sender.
The data will be converted into “hash” before being saved into a block. The bitcoin hash is generated using a set of cryptographic functions called sha256. This way the information is encrypted, is compressed and saved in the block.
Additionally, each block in the chain, contains the information from the block before it. This ensures that if someone tries to maliciously modify information in a block, all the block following this attempt will be changed, making it easier to spot.
Each block includes the information from the previous block. If someone wants to maliciously change the information in one block that change the complete result of all following blocks.
In this type of network there is only one blockchain, and all the information is kept in a public ledger which is shared amongst all the participating networks. For the blockchain to be valid, more than 50% of the participants (nodes and their computational power) must agree with it.
Bitcoin Today (2018)
Until today many, many, events have happened. The network has grown massively. The underlying code is improved in many ways. There are more and more developers and investors that have entered the cryptocurrency space.
Currently there are proposed changes being developed to the Bitcoin network that will make bitcoin rival the centralized networks of today (Visa, Mastercard), while significantly lowering the cost of these transaction.
Many alternative cryptocurrencies have been created along the way, improving some of the aspects of the bitcoin and focusing on curtain applications, in the crypto-space, we call them altcoins.
WHY VERGE
The way that Bitcoin function, has severe flaws with regards to privacy:
  • Public Ledger: The transaction information is public, meaning, that transactions can be linked to a person.
  • IP Leakage: A persistent and motivated attacker will be able to associate your IP address with your bitcoin transaction.
Due to the above reasons, it was clear that there would be a need for a privacy coin. Different coins were then created that had this problem in mind. They were ‘too private’ in the sense that they completely by-passed the public ledger. The public ledger allows merchant to provide proof of transactions, which is important for bookkeeping.
Enter Verge Currency, formerly Dogecoindark; which offers transaction on the ledger, both public and private. Allowing the user to choose if the transactions are public or private.
VERGE CURRENCY
2014 saw the birth of Dogecoin Dark; in 2016, it was rebranded to Verge Currency.
Verge improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining your privacy.
What is the Verge Currency Mission?
Verge Currency aims to empower people around the globe using blockchain in everyday life and makes it possible for people to engage in transactions quickly, efficiently and privately. With Verge, business and individuals now have flexible options for sending and receiving payments.
Verge Currency also offer helpful integrations and tools that enable them to handle large scale transactions between merchants and small-scale private payments.
Is Verge Currency a private company and how is it funded?
Following in the spirit of Bitcoin, Verge is an open-source software, and a community. It is not a company, never had an ICO. The development is entirely funded by the community and the developers. Currently Verge is looking into setting up an official Verge merchandise store, and an Official Verge mining pool, for multiple algorithms.
Tech
General technical capabilities of XVG blockchain:
Protocol PoW (Proof of Work)
Algorithms Scrypt, X17, Lyra2rev2, myr-groestl and blake2s
Max Coin Supply 16.5 billion XVG
Circulation Supply 15.2 billion XVG
Minable yes
Atomic Swaps Enabled
Tx Speed 5-10 Seconds
Tx Capacity 100. (Will be ~2000 with RSK)
Tx Fee 0.1 XVG
Privacy Options:
Tor + I2P Networks fully obfuscated IP address / User's Location is hidden
Wraith Protocol Private and Public transactions in one blockchain according to user's choice. Hides the sender and the receiver information.
RING CT Under Development
See our blackpaper for detailed information.
Wallets
Mining
Community
Verge is a community-driven project. The community is the pillar of Verge, from the past to the future, the community built Verge. The community or Vergefam connects everyone from around the world, regardless of cultural background. The common vision is to provide everyone access to financial freedom, and the choice of privacy while transacting.
Below you can find the Verge Telegram communities from around the world;
Official Telegram
🇧🇷 🇵🇹 Brasil/Portugal/
🇳🇴 🇸🇪 🇩🇰 Norway/Sweden/Denmark
🇩🇪 🇦🇹 🇨🇭 🇱🇮 Germany/Austria/Switzerland/Liechtenstein
🇵🇹 Portugal
🇪🇸 Spain
🇱🇺 Netherlands
🇹🇷 Turkey
🇫🇷 France
Balkan
🇵🇾 Croatia
🇦🇱 🇽🇰 Albania/Kosovo
🇷🇴 Romania
🇭🇺 Hungary
🇷🇺 Russia
🇮🇳 India
🇲🇾 Malaysia
🇯🇵 Japan
🇰🇷 Korea
🇨🇳 China
🇿🇦 South Africa
🔌Wallet Support
🖥️ Mining support
Mass Adoption
Low fees, quick transactions, high volume in circulation, multiplatform support, Wraith protocol are the ingredients that make Verge perfectly positioned for mass adoption. Transact on the public ledger for everyday purchases or stay private if you wish so.
Getting Started
You can find the matching instructions as below:
See the following useful links:
Official Links
Vergecurrency.com
Verge Team
Roadmap
FAQ
Github
Block Explorer 1
Block Explorer 2
Network Status
Telegram
Twitter
Facebook
Discord
Youtube
Medium
Investfeed
Verge Zendesk
VergeFora
submitted by Desolatorbtc to HowtoCrypto [link] [comments]

Question to you guys that rock the latest Antminers at 2K

So I'm really thinking about taking my mining seriously and investing in a Antminer S9 with the good PSU getting a 208V outlet installed and just letting it sit.
With the cost of all of that compared to mining calculators I should be mining 29K a year with the miner. That is a huge ROI Is it legit? I have been doing small mining for things like litecoins, Dogecoins and selling hashing power to nicehash for years but It just seems to good to be true. So to you guys with your high dollar investments is it worth it in the end?
Update: I was way off and had an extra 0 in my Calculations so if you want to know the return check this out here and dont forget once difficulty goes up your roi goes down. Thanks all.
http://www.coinwarz.com/calculators/bitcoin-mining-calculato?h=13500.00&p=1400.00&pc=0.10&pf=0.00&d=392963262344.37000000&r=12.50000000&er=961.00000000&hc=2000.00
submitted by darthvote to BitcoinMining [link] [comments]

Is Dogecoin mining profitable? No.

I love Dogecoin, and I love the dogecoin community. So I thought I'd take a moment to look at whether it's worth buying mining hardware to get Dogecoin, or just buying Dogecoin itself.
I had another redditor give me some figures to go off of, so I ran the numbers on Coinwarz and this is what I got:
A 280x costs $440 right now on Amazon.
I'm going to assume for the purposes of this calculation that no other hardware would be required other than the card. If someone else can give me an estimate for the accessories, please do.
We're getting 700 KH/s with power consumption of 260W, and electricity prices of $0.10 per KW/hour (the US average right now).
I'm using the coinwarz calculator to determine revenue (I set the equipment cost to $0): http://www.coinwarz.com/calculators/dogecoin-mining-calculato
Where people get tripped up is that they don't account for the difficulty increase. So what I've done is look at the Dogecoin and Bitcoin difficulty increase over the past month, and done a week by week look at the returns, assuming the same weekly difficulty increase as each currency had.
Dogecoin's difficulty went from 472 to 1385. That's a 193% increase in a month. Bitcoin's difficulty went from 1180-2193, an 85% increase.
Assuming a 193% increase, the difficulty will rise to 4058 by the end of the month.
To calculate the difficulty for a week, we use the average difficulty between the beginning and end of the week. The difficulty goes up 664 a week, so we take half of that and that's where we start the first week: (since the week starts at 1385 and ends at 2049, we add a half week's increase to get the average of 1717.
Week one - 1717 Difficulty: $55 Week two - 2381 Difficulty: $39 Week three - 3045 Difficulty: $29
Now i'm being generous because the reward halves in 18 days, but i'm pretending it lasts 3 weeks.
Week four - 3709 Difficulty: $10
Added together, you make $133 your first month. At the end of month difficulty (4058) You'd make $8.27 per week, or 38 weeks (or 9.5 months) to break even. And that's assuming the difficulty stays the same after one month.
Now, running the numbers assuming the 85% increase that bitcoin experienced:
week 1 - 1532: $62.60 Week 2 - 1826: $51.82 Week 3 - 2120: $44.02 the mining reward drops by 50%: Week 4 - 2561: $16.88 = $175.32
Assuming the same difficulty as the end of week four (2562) in perpetuity, it would take you 17 Weeks (4.3 months) to make back your initial investment. And that's assuming the difficulty stays the same, which it won't.
And if you're going to assert that "well, that's based on the fact that the price will stay the same, but part of the reason you mine is cause the price might go up!"
Yes, the price might go up, but you'd make the same amount of money buying $450 Dogecoins. The question is not "are Dogecoins a good investment?" It's "is mining Dogecoins a better investment than just buying them?"
TLDR; buying new hardware to mine Dogecoins is a bad investment when you take into account the rise in Difficulty.
submitted by harddata to dogecoin [link] [comments]

MAD Doge - Market Analysis 1/9/2014 (Afternoon Edition) *Mine-mageddon*

This episode of MAD Doge is brought to you by the Shiba Inu, "If you wanted to have a Doge-worthy dog, you should have gotten a Shiba Inu"
This is not going to be a fun topic to cover, since it was bound to happen, and tons of money will be lost.
But enough of the sad talk, let's get to it!

MINE-MAGEDDON! (Such Explosions)

The Bad News

MARKET GENIUS TIME

What do I do?

Booyah!
submitted by DRKMSTR to MADDOGE [link] [comments]

Guide For New Shibes

So it has become apparent to me from the constant questions on this subreddit that a lot of new miners/shibes need help, so I have decided to make a basic guide to most of the questions I see a lot here.
1) BTC - This means Bitcoin so If you see a miner that says BTC it does not work with dogecoin because dogecoin is Scrypt.
2) Scrypt - This is what dogecoin runs off of, or what your computeasic/gpu solves to support the network.
3) Asic - This stands for an application-specific integrated circuit, or in less confusing terms a miner dedicated completely to mining a particular type of coin such as dogecoin.
4) GPU Mining - Using a graphics card to mine crypto currencies.
5) CPU Mining - A slow and inefficient way of using your computers Central Processing Unit to mine crypto currencies.
6) Hash Rate - The rate at which you mine a crypto currency. The higher the better.
7) KH - This Means Kilo Hashes. 1KH = 1,000 Hashes a Second
8) MH - This Means Mega Hash - 1 MH = 1,000,000 hashes a second.
9) Should I buy an asic? - If you want to support the network yes. If you want to solely make money off of it No. Buy the coin if you want to make profit. This is my opinion, there is no one answer to this question.
10) Mining Pool - Pooled mining is a mining approach where multiple generating clients contribute to the generation of a block, and then split the block reward according the contributed processing power. Pooled mining effectively reduces the granularity of the block generation reward, spreading it out smoothly over time.
Tl/DR You Work with other miners to solve stuff faster making you money faster.
11) Mining Difficulty - How hard it is to solve the problems to generate dogecoin.
12) Do I need a fan? - Yes I cannot stress how important it is to properly cool your units. Make sure your units are always cool or else they might melt. Do not think you are safe just because you turn your ac up, but a fan.
13) What Mining Pool Should I Pick? - Here is a list of all of the pools Pick one that works for you.
14) What is a wallet? - This is where you store your dogecoin and where you can send and receive dogecoin.
15) What Wallet Should I get? - Online is convenient but not safe. Paper Is the Safest But Not convenient. Cold Storage is the mostly safe and somewhat convenient.
16) What is cold storage? - Basically putting your wallet on an offline device like a usb.
17) Can I mine on a mac? - Yes look here for more info.
18) Cloud Mining - A service you buy that mines for you. you pay for a certain amount of hashes, lets just say 10gh for an example, and the company/service mines you this amount for the time you bought. It is not profitable usually.
19) What Is a Raspberry Pi? - A small cheap computer that people use to run their miners on.
20) Watts - The measure of electricity.
21) Should I pre-order? No Never F%&$ing pre order, you will get scammed 99.9999% of the time.
22) Can I still mine? - Yes, you probably wont make money but you will support the doge community.
23) Linux - An operating system like windows that people use to run mining programs on.
24) If you Have an animal make sure to properly protect your mining rig from them. Wires from the machines make great chew toys.
25) How Do I calculate if im going to make money with my mining rig? - Use This mining Calculator This is also a very good calculator
26 What Mining Program Should I use? Windows: CG MINER Mac: Astroid Linux: CG Miner again
Goodluck mining I hope this helps. This Also Took A long time to make so support would be appreciated :)
submitted by sircam22 to dogemining [link] [comments]

UPDATE: Dogecoin meetup welcomes Bitcoin, Litecoin Vertcoin and more to a bar crawl for BARCS!

What: Dogecoin Meetup
When: March 22 | 4:00 p.m. - 8:00p.m.
Where: Frazier's on the Avenue | 919 W 36th St, Baltimore, MD 21211
De Kleine Duivel | 3602 Hickory Ave, Baltimore, MD 21211
The 14ers here with another update on the March 22 Dogecoin meetup in Hampden. We would like to extend this event to all facets of the altcoin world. Our overall goal is to bring people together to discuss how this technology is reshaping the future of the world economy. We invite all altcoin users to come and join the conversation; bitcoin, litecoin, vertcoin, etc. are all welcome!
The event will kick off at Frazier's on the Avenue, where we will be accepting Dogecoin for beer and food from 4:00 p.m. to 6:00 p.m. Then we'll be walking over to De Kleine Duivel for more of the same from 6:00 p.m. to 8:00 p.m. If you don't have any doge to spend, don't worry. These establishments will still be accepting OG currency, the good ol' USD.
Give some doge back to the dogs!
We will be accepting donations (doge or USD) at both locations for BARCS, the Baltimore Animal Rescue and Care Shelter, so you can help support homeless shibes.
Other news
So much has happened in the altcoin world in just the past week; we’ll have plenty to discuss at this event. We will continue to post updates as we draw closer to the meetup. Here are a few of this week’s stories of interest, as well as some additional resources, including a link to our original post:
the14ers meetup post 1: http://www.reddit.com/baltimore/comments/1z7fix/dogecoin_meetup_in_baltimore/
Stories of interest for the week of 3/3/2014:
Vault of Satoshi announced cessation of operations in the United States due to what is described as an “increasingly hostile” regulatory environment
http://newsbtc.com/2014/03/06/vault-satoshi-ceasing-u-s-operations-due-increasingly-hostile-regulatory-environment/
Controversial article claims to have located the real Satoshi Nakamoto.
http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html
MtGox files for bankruptcy:
http://www.npr.org/blogs/thetwo-way/2014/02/28/283863219/mtgox-files-for-bankruptcy-nearly-500m-of-bitcoins-lost
Mining and trading resources:
http://www.cryptobadger.com/build-your-own-litecoin-mining-rig/http://doge.yottabyte.nu/
http://www.coinwarz.com/cryptocurrency http://coinmill.com/XDG_calculator.html
We will continue to post additional information next week. Comments and questions are welcome!
TL;DR -
-The meetup will kickoff March 22nd 4PM at Fraziers on the Ave
-We will be raising money for the Baltimore Animal Rescue and Care Shelter (BARCS)
-For now, we will only be accepting dogecoin (and USD) for goods and donations at this event, but everyone is welcome to come and join us.
submitted by The14ers to baltimore [link] [comments]

[META] I am still wondering why the prices are so high.

ALTHOUGH THIS HAS AN "ANGRY" TONE, I'D LIKE MY MIND TO BE CHANGED ON THIS, POSSIBLY WITH THE SAME "CYNICAL/SARCASTIC" TONE, not with a shitload of downvotes and with rich people yelling at me. I truly love the fact that we have exchanges built on trust, person to person. Dogemarket has been my only way of buying dogecoins and I'm starting trading just now. So:
Looking at the number of dislikes and likes in the comments of the [META] post explaining the prices, there is a clear tendecy of conserving the right to set whatever price big sellers want. You don't agree? Have a downvote, a "ignorant" label and kick out of the market. Llet me sell my shit at my own price. This is lobby behaving. In the risks list, include how much you made from selling dogecoin at at least 30% the market price. Let's say you actually get that bitcoin: 1 BTC today from justcoin is about 500€; yesterday almost the same (+10-) Go to cryptsy (I'd go to vircurex, but let's stick to your case) and trade it for: 366,789 doge (right now). How much are 360,000 doge? Right now 445€, make it 440 to make it round. So 60€ to go even: about 15% (1.41€) more of the price on the lot will break even. From there up it's all in your pocket. How much is 30% of the price more? It's 70€ on 1 BTC you bought. So let's see what's on the market... 500k at 2.5$/k, which is 50%, 50% more than the price 5hrs ago (when it was posted). Well we know our numbers. How much is in the pocket of the seller? We're in luck! 5 hrs ago the price was still about (20€ more 4 hours behind those 5 I considered and vox allows 2,3h BTC transactions) 500€/BTC and dogecoin was again at 270 satoshi. We'll keep numbers high, although it is probable OP bought at less than 240 satoshi. It brings us again at about 1.41€ to break even: 705€ for 502,000Ð or 1.356 BTC at 520€/BTC, 260satoshi/DOGE. Woop woop we have at least 900€ cashed in with that 35% more!. Meh, 200€ every 2 or 3 days (assuming this isn't daily) and you complain about losing say 500€ every month? Fuck me that's still 1900€ per month at the rhythm I supposed. I understand the risk of BTC is rising fast seen the shit is happening. But hey, there's still Litecoin and a lot of other ways to buy dogecoin. I could even buy from you at 30% and then then sell immediatly after at 50%. I have not taken in account the dogecoin price oscillation! If anybody bought dogecoins when they were under 200 satoshi and selling them now at 30% more the ACTUAL price... shit... What am I studying for?
One final thought. Not everybody loses stuff. There are merchants that have bad luck like you, but for the rest there is no excuse. Being this a free market, you can sell whatever you want at the price you want and if there is someone buying, you'll keep selling. I don't think sellers that keep selling are in red. Honestly, If I had enough money, I'd mine my dogecoins and sell them at 110% the current price. I hope I will find a solution to this. P.S. How can you guys think PayPal and Amazon don't notice all that money entering?!? P.P.S Why don't you cut your transactions in little pieces, say 10,000 doges at a time? P.P.P.S. I really hope you understand I am a simple shibe. So if I made terrible mistakes in my reasoning, point them out; I'll bow my head and keep my journey.
TL;DR the prices in here are high enough to get most of the times about 15% back of the initial investment, if not more. Being for a lot of people entering dogecoin culture the first place to look at, /dogemarket should point more at spreading doge than squeezing out money at 30/40/50% of the actual price.
Sources: https://www.cryptsy.com http://coinmill.com/EUR_XDG.html http://doge.yottabyte.nu/ https://www.bitcoin.de/en
EDIT: TL;DR, format Edit2: how can you downvote? I see no blue arrow... - RES, okay Edit3: please see smuttr answer and mine below his/hers for the proof of my TL;DR Edit4: I get it: free market. People pay what they pay. So wake up, paying people. Meh... I haven't written all this to complain. Who should I complain with anyway? And you people talk, with 74 upvotes on a post about someone who chose the wrong website to buy bitcoin. What's that called again? Actually this post was just an answer to this one: http://www.reddit.com/dogemarket/comments/1xlzd0/meta_if_youre_wondering_why_the_prices_here_are/ Because I felt it was a little unfair how the voting system was hiding people trying to dissent with OP. I also wanted to make a couple of calculations to understand where actually the money goes in a 150% actual price transaction.
Edit5, final edit: The conclusion to this is that whoever thinks the prices are too damn high and tries to QUESTION, not complain, question why is that so, can go buy somewhere else. I'm happy you folks helped me with this. At least buyers will now know who they are dealing with. I profoundly thank smuttr for changing my mind on what the base price to calculate one's profit margin should be. Although I don't consider the incapacity of finding better instruments of exchange an excuse to charge more. As far as I see now: -Miners ride the wave of prices. Can't really say much... coinwarz.com calculate the break even on the actual price of altcoins, so for miners selling here, it will arrive 30% faster. -Traders are bound to this formula (that doesn't consider about oscillations, problems, risk...) : Investment / {'['(' {[(Investment - Wire)/BTCcost]exchange fee} /DOGEcost ')exchange fee'] -1'} /1000 Which with, for example Anxpro (it's the only one I know about right now), quickly collapse to I / {[(I-W)/BTCc] /DOGEc} / 1000. As you see the only variables in this one are I and W and, numbers in hand, the % of W in respect to I is what weights on the initial premium. So: [(I-W)/I - 1] is a constant factor to be considered in every price, until there will be no cost in bank transfer. In my example below is 2% and I honestly think it doesn't go above 5-7%. This means I>=200$ and W=15$. For fun, The exchange fees are to be accounted as they are. So now we have the IW + exBTC + exDOGE. I refuse to take in account the movement fees because they are plain stupid.
REAL TL;DR from the prices you see, you should account that about 3% is a real cost.
submitted by HeartBalloon to dogemarket [link] [comments]

UPDATE: Dogecoin meetup welcomes Bitcoin, Litecoin Vertcoin and more to a bar crawl for BARCS!

What: Dogecoin Meetup
When: March 22 | 4:00 p.m. - 8:00p.m.
Where: Frazier's on the Avenue | 919 W 36th St, Baltimore, MD 21211
De Kleine Duivel | 3602 Hickory Ave, Baltimore, MD 21211
The 14ers here with another update on the March 22 Dogecoin meetup in Hampden. We would like to extend this event to all facets of the altcoin world. Our overall goal is to bring people together to discuss how this technology is reshaping the future of the world economy. We invite all altcoin users to come and join the conversation; bitcoin, litecoin, vertcoin, etc. are all welcome!
The event will kick off at Frazier's on the Avenue, where we will be accepting Dogecoin for beer and food from 4:00 p.m. to 6:00 p.m. Then we'll be walking over to De Kleine Duivel for more of the same from 6:00 p.m. to 8:00 p.m. If you don't have any doge to spend, don't worry. These establishments will still be accepting OG currency, the good ol' USD.
Give some doge back to the dogs!
We will be accepting donations (doge or USD) at both locations for BARCS, the Baltimore Animal Rescue and Care Shelter, so you can help support homeless shibes.
Other news
So much has happened in the altcoin world in just the past week; we’ll have plenty to discuss at this event. We will continue to post updates as we draw closer to the meetup. Here are a few of this week’s stories of interest, as well as some additional resources, including a link to our original post:
the14ers meetup post 1: http://www.reddit.com/baltimore/comments/1z7fix/dogecoin_meetup_in_baltimore/
Stories of interest for the week of 3/3/2014:
Vault of Satoshi announced cessation of operations in the United States due to what is described as an “increasingly hostile” regulatory environment
http://newsbtc.com/2014/03/06/vault-satoshi-ceasing-u-s-operations-due-increasingly-hostile-regulatory-environment/
Controversial article claims to have located the real Satoshi Nakamoto.
http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html
MtGox files for bankruptcy:
http://www.npr.org/blogs/thetwo-way/2014/02/28/283863219/mtgox-files-for-bankruptcy-nearly-500m-of-bitcoins-lost
Mining and trading resources:
http://www.cryptobadger.com/build-your-own-litecoin-mining-rig/http://doge.yottabyte.nu/
http://www.coinwarz.com/cryptocurrency http://coinmill.com/XDG_calculator.html
We will continue to post additional information next week. Comments and questions are welcome!
TL;DR -
-The meetup will kickoff March 22nd 4PM at Fraziers on the Ave
-We will be raising money for the Baltimore Animal Rescue and Care Shelter (BARCS)
-For now, we will only be accepting dogecoin (and USD) for goods and donations at this event, but everyone is welcome to come and join us.
submitted by The14ers to dogecoin [link] [comments]

Can anybody enlighten me if I am getting the correct speed in the contract?

Hi good people! (newb here)..
Just wondering If anyone can help me and tell me if my analysis is correct or not. I have recently shifted from LTC to DOGE on my genesis mining. I have a contract for 0.4TH/S under bitcoin and one of the many options was DOGE. I have recently shifted all my mining power to it and I am getting about 77 dogecoin daily (for the past 3 days). Based on my calculations (coinwarz) I should be getting more than 77 with that amount of hash power. I have been with them for over a year and thankful for the other coins I have earned through their system. Can anybody please tell me if I should be getting more coins or its just the right amount. Thanks.
TL:DR; got 0.4TH/S power but only getting 77 dogecoin per day and feel like I should be getting more, need your advice before I contact support.
submitted by sexybolls2 to GenesisMining [link] [comments]

[Adive] To those considering mining contracts

Before you purchase a mining contract, run the calculations yourself of the Dogecoins you will actually earn. OFTEN times, it's at least 10% cheaper to buy the Dogecoins directly through an exchange than it is to pay for a mining contract. The prices are obviously marked up to a point, otherwise it'd be more economical for those contract providers to directly mine and keep it themselves. I'm not here to rip any contract mining providers, it's certainly a good business and something to consider, but just run the math below.
The first thing I found when searching for a Scrypt mining contract on Ebay was a 24 mining contract for 1200+ KH/s, buy it now for $25.99. Go on Coinwarz.com to run the calculations done HERE and you'll find that the 1200 KH/s will net you about $15.33 worth of Dogecoin in 24 hours. So you have spent $26 USD to net about $15 worth of Dogecoin.
Rather than spend that $26 for the mining contract, you can simply purchase $26 of Bitcoin, exchange that for Doge on Cryptsy or your preferred exchange. Now you actually received $26 worth of Dogecoin, not the reduced rate from the mining contract.
I hope this helps anyone considering mining contracts as I was! Regardless of how you get your Doge, to the moon shibes!
submitted by JerseyBobby to dogecoin [link] [comments]

Coinwarz  Comment calculer mon gain de mining ? HOW TO USE A BITCOIN MINING CALCULATOR Bitcoin Mining Profit Calculator Genesis Mining How to Caluclate Profit Using Coinwarz Hindi Video Calculator de profit bitcoin coinwarz

Bitcoin Calculator Future - Bitcoin Mining Calculator Coinwarz Bitcoin Calculator Future Bitcoins Cheap Is Bitcoin Dying Bitcoin Mining Calculator. There are plenty of factors that affect the Bitcoin mining calculator profitability. Two of them are the BTC price and network hash rate. This means that if you purchase 50 TH/s of mining hardware, the total share of the network will drop each day compared to the total hash rate. Find out what your expected return is depending on your hash rate and electricity cost. Find out if it's profitable to mine Bitcoin, Ethereum, Litecoin, DASH or Monero. Do you think you've got what it takes to join the tough world of cryptocurrency mining? Dogecoin Mining Calculator - Updated 2020 CoinWarz. Accurate Dogecoin mining calculator trusted by millions of cryptocurrency miners. Updated in 2020, the newest version of the Dogecoin profit calculator makes it simple and easy to quickly calculate mining profitability for your Dogecoin mining hardware. Accurate Bitcoin mining calculator trusted by millions of cryptocurrency miners since May 2013 - developed by an OG Bitcoin miner looking to maximize on mining profits and calculate ROI for new ASIC miners. Updated in 2020, the newest version of the Bitcoin mining calculator makes it simple and easy to quickly calculate mining profitability for your Bitcoin mining hardware.

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Coinwarz Comment calculer mon gain de mining ?

5$ in of bitcoin in 2009 would be 4.4 million (bitcoin price usd) today. You still wondering cryptocurrency and about getting involved? highest altcoin market cap ever! Dogecoin to the moon ... This video is unavailable. Watch Queue Queue. Watch Queue Queue HOW TO GET FREE BITCOINS 2020 FREE BITCOIN MINING SITES WITHOUT INVESTMENT 2020, How to Earn. 1st site link https://zee.gl/tR6zpQ 2nd site link https://zee.gl/go1Vlkp top high paying bitcoin ... Como Calcular seus Ganhos na Genesis Mining pela CoinWarz, o cálculo serve para qualquer valor contratado, no vídeo você terá noção real da sua lucratividade. Código de 3% Desconto: pgD7O5 ... Sharing some of the tools and websites that I use to find the most profitable crypto coins to mine. Coin profit calculators http://coinwarz.com

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