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Is it still worth mining dogecoin? (self.dogecoin)

TheCuryBr が 投稿

Hi, I have 101 dogecoins in eobot ($0.02 and a few more numbers). I also have a lil bit Bitcoins and altcoins. I'd like to know if is worth to spend this dogecoins in Cloud Mining potential, exchange it to bitcoins or mine more Dogecoins. Tks

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[–]Fulvio55DDF - Mining Corps - [[Lieutenant]] 7 ポイント8 ポイント  (10子コメント)

Why does nobody read the 47 million prior responses to this question before asking it again every few hours?????????

  • Direct mining Doge will see no rewards, because you're competing with 3 Terahash of LTC pools, chasing $2 per minute worth of Doge.
  • Mining Scrypt is not profitable, unless you already have equipment and free power. You can expect to earn $1 every 2 months or so per Megahash you throw at it.
  • All mining is unprofitable unless you have huge resources, because of massive operations with low costs. You can't compete with a warehouse in the jungle next to a hydro power station with 2 guys earning peanuts for looking after 5,000 bleeding-edge miners.
  • ALL Cloud mining is a scam, and always has been. Period.

Go join a few exchanges. http://www.btc38.com/trade/accrual_en.html is a good one, since it has massive volume, low fees, lets you trade fiat pairs and pays daily interest on doge deposits. Learn to trade. You can profit from movements in either direction, and can build your holdings much faster than pursuing some mining fantasy.

[–]TheCuryBr[S] 1 ポイント2 ポイント  (9子コメント)

Thank you, but... Why "all cloud mining is a scam"? Tell this to badbitcoin.org pls.

[–]Fulvio55DDF - Mining Corps - [[Lieutenant]] 3 ポイント4 ポイント  (8子コメント)

Because they sell hashpower they don't have. Often they run as a Ponzi, using new victims' money to pay out earlier 'investors' and make it look like they're making a killing. But its always a con, revealed when the bubble eventually bursts.

Do some research. Look up Josh Garza's GAW Mining scam and see how many people lost massive amounts on something that was vapourware.

There's a reason you can never get a look inside these operations. Even when they post pictures of their alleged data centres, they're fakes. We've seen 'construction' photos, racks of miners with no cabling connected, photos of actual data centres owned by others, photoshopped pics, tiny pics where all the detail is provided by your imagination... and so on and so forth.

What's really being mined by these scammers is the greed and gullibility of people who wish they'd been on the Bitcoin gravy train in the early days. Look closely, and you'll see the numbers just don't stack up.

[–]TheCuryBr[S] 0 ポイント1 ポイント  (7子コメント)

Ok, so what should I do? Withdraw my money as soon as possible or just let it go?

[–]Fulvio55DDF - Mining Corps - [[Lieutenant]] 2 ポイント3 ポイント  (6子コメント)

Any coins that are not in a wallet that you, and only you, hold the keys to are not actually your coins. So yeah, pull them out and put them someplace safer.

Not that 2 cents is enough to lose sleep over, but still...

[–]TheCuryBr[S] -1 ポイント0 ポイント  (5子コメント)

2 cents is a shit. But I just don't have money (and don't want) to spend on bitcoin/Altcoins. I have other 18 cents on my wallet (another shit), I just don't know how to make more money with it.

[–]Fulvio55DDF - Mining Corps - [[Lieutenant]] 3 ポイント4 ポイント  (4子コメント)

This has always been the perennial problem here. The entire community is broke, among other negatives.

People who are active generally do better than those who sit back and do nothing.

Trading is a gainful pursuit, and learning to trade using a low-level currency like Doge is a great way to learn the ropes. Low risk, decent potential gains on even minor swings up OR down.

Selling, working, etc for Doge is also gainful. Even faucets which pay around 400 doge a week for practically zero effort are worthwhile. You're exchanging your labour for small rewards.

Expending effort to create content here will often garner tips. Go look through the sticky and see what people have thrown at me for my efforts, for example.

The Dogeconomy is no different from the real-world economy out there. The numbers may vary, but the principles are the same.

[–]TheCuryBr[S] 2 ポイント3 ポイント  (3子コメント)

Ok, thanks a lot, I'll learn more about trading.

[–]Fulvio55DDF - Mining Corps - [[Lieutenant]] 2 ポイント3 ポイント  (2子コメント)

Good plan. :)

Pick a low-fee exchange like BTC38.

[–]TheCuryBr[S] 1 ポイント2 ポイント  (0子コメント)

Ok, I will, thanks.

[–]TheCuryBr[S] 0 ポイント1 ポイント  (0子コメント)

Can you please suggest me more sites? I didn't like BTC38 (I don't know how to speak Chinese, just English and Portuguese)

[–]DickDover 1 ポイント2 ポイント  (3子コメント)

Cloud mining is a scam, why would they mine & then pay you when they could earn that money for themselves?

[–]TheCuryBr[S] 1 ポイント2 ポイント  (2子コメント)

Actually, I pay 5% for the exchanges. And this site isn't at badbitcoin.org, so I think it is not a scam. But the question is : Is it worth mining dogecoin or not?

[–]DickDover 2 ポイント3 ポイント  (1子コメント)

Direct mining of dogecoin is not profitable, & I have stated my thoughts on cloud mining.

[–]TheCuryBr[S] 1 ポイント2 ポイント  (0子コメント)

Oh, so should I exchange them on bitcoins/altcoins or CMining Potent.?