Jamaican Bobsledders Ride Dogecoin Into Olympics
bloomberg.com
Jamaican Bobsledders Ride Dogecoin Into Olympics
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Re: Jamaican Bobsledders Ride Dogecoin Into Olympics
#2The doge donation was a small, but significant, part of the donations that helped them get there.
https://www.crowdtilt.com/campaigns/help-the-jamaican-bobsle...
Re: Jamaican Bobsledders Ride Dogecoin Into Olympics
#3If you're interested in supporting a fundraising campaign that's on a more serious note, please consider supporting Doge 4 Kids, our campaign to raise $30,000 for hearing aid, seizure alert, and mobility assistance service dogs for children who need them. You can donate by sending DOGE to DTMxdZkWd7aCX1a7DcJmUJs931b1GSBQsk or through credit/debit card through Crowdtilt.
Re: Jamaican Bobsledders Ride Dogecoin Into Olympics
#4Dogecoin is monetizing user generated content, an economic revolution online. Micropayments for creators are becoming a reality.
From the article comments:
"They're also digging wells in Africa and training companion dogs. It's a real party over at /r/dogecoin. Someone gave me thirty bucks for telling a joke."
Re: Jamaican Bobsledders Ride Dogecoin Into Olympics
#5I started mining doge just to give it a whirl. It's good, clean fun for those of us who don't expect to get rich.
In the event you decide to give it a shot, a few pointers:
1. Block rewards will be halved in 8 days, so giddy up.
2. Obviously, use a GPU-based miner if you have a decent GPU.
3. Sign up for a pool other than dogehouse, which has a highly disproportionate number of of the mining horsepower.
last but not least
4. Enjoy the community, and throw doge around like a high roller. The community is the best part of the whole experience.
Re: Jamaican Bobsledders Ride Dogecoin Into Olympics
#6I started mining doge just to give it a whirl. It's good, clean fun for those of us who don't expect to get rich. In the event you decide to give it a shot, a few pointers: 1. Block rewards will be halved in 8 days, so giddy up. 2. Obviously, use a GPU-based miner if you have a decent GPU. 3. Sign up for a pool other than dogehouse, which has a highly disproportionate number of of the mining horsepower. last but not…
Highly recommend multipool.
Re: Jamaican Bobsledders Ride Dogecoin Into Olympics
#7I started mining doge just to give it a whirl. It's good, clean fun for those of us who don't expect to get rich. In the event you decide to give it a shot, a few pointers: 1. Block rewards will be halved in 8 days, so giddy up. 2. Obviously, use a GPU-based miner if you have a decent GPU. 3. Sign up for a pool other than dogehouse, which has a highly disproportionate number of of the mining horsepower. last but not…
Is CPU mining still remotely sensible to do at this point?
Also, what's the recommended client for CPU mining on Linux at this point?
Re: Jamaican Bobsledders Ride Dogecoin Into Olympics
#8The doge donation was a small, but significant, part of the donations that helped them get there. https://www.crowdtilt.com/campaigns/help-the-jamaican-bobsle...
From the campaign description, looks like $30k+ worth of DOGE was donated while the campaign had raised $73k by that point.
Re: Jamaican Bobsledders Ride Dogecoin Into Olympics
#9I started mining doge just to give it a whirl. It's good, clean fun for those of us who don't expect to get rich. In the event you decide to give it a shot, a few pointers: 1. Block rewards will be halved in 8 days, so giddy up. 2. Obviously, use a GPU-based miner if you have a decent GPU. 3. Sign up for a pool other than dogehouse, which has a highly disproportionate number of of the mining horsepower. last but not…
Is CPU mining still remotely sensible to do at this point? Also, what's the recommended client for CPU mining on Linux at this point?
CPU Miner: http://sourceforge.net/projects/cpuminer/files/
Sensible or not, that depends on what you expect. It's definitely not profitable if you're paying for electricity or hardware.
Re: Jamaican Bobsledders Ride Dogecoin Into Olympics
#10Dogecoin is monetizing user generated content, an economic revolution online. Micropayments for creators are becoming a reality. From the article comments: "They're also digging wells in Africa and training companion dogs. It's a real party over at /r/dogecoin. Someone gave me thirty bucks for telling a joke."
That's great, but I get the feeling Dogecoin users are even less informed about the technology than the average Bitcoin user. I wonder how many understand why Dogecoin in it's current state (like Bitcoin) can't scale to support widespread usage of micropayments?
There are two problems:
1. The protocol limits the maximum block size to 1MB (https://github.com/dogecoin/dogecoin/blob/master-1.5/src/mai...) which puts Dogecoin's maximum transactions per second at 70, without a forking protocol change.
2. Dogecoin targets one minute between blocks, which is 10 times faster than Bitcoin's 10 minutes per block. That number wasn't chosen arbitrarily. There needs to be plenty of time for new blocks to flood the network, otherwise forks will become more common as miners work on outdated information. This leads to reduction in effective hashrate and increased centralization of miners. Increasing the maximum block size significantly will be at odds with Dogecoin's faster confirmations.