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Dogecoin Tutorial
11–20 of 110 posts
Re: Dogecoin Tutorial
#12My advice to everyone: if an altcoin pops up, mine it for a day or two. Place the funds in a private wallet. Backup the wallet on a USB key and two hard drives. Do not access it for 2-3 years. Early on, farming a block takes no effort at all. Later on, if the altcoin succeeds, you hit a random lotto. Otherwise, you have a few encrypted wallets and probably wasted 15 minutes setting up the miner per altcoin. Be wary of the altcoins.
Re: Dogecoin Tutorial
#13My advice to everyone: if an altcoin pops up, mine it for a day or two. Place the funds in a private wallet. Backup the wallet on a USB key and two hard drives. Do not access it for 2-3 years. Early on, farming a block takes no effort at all. Later on, if the altcoin succeeds, you hit a random lotto. Otherwise, you have a few encrypted wallets and probably wasted 15 minutes setting up the miner per altcoin. Be wary o…
Multiply those 15 minutes by the number of altcoins popping up every week. Then add the time spent in looking for altcoins early on. There are several who'd like to jump on it from day 1. They make their living by selling them on ebay.
Not to mention that your computer is unusable while it's mining. My point being, it's not a get rich quick scheme for everyone.
Re: Dogecoin Tutorial
#14Where's that tutorial page on how to buy such an island & yatch with much millions you'll mint from Dogecoins. Wow, very missed.
But in all seriousness, good effort for newcomers.
Re: Dogecoin Tutorial
#15Where's that tutorial page on how to buy such an island & yatch with much millions you'll mint from Dogecoins. Wow, very missed. But in all seriousness, good effort for newcomers.
Not necessary when you're going to the moon. We're talking spaceships and mars with the dogecoin billions.
Thanks /chestbump
Re: Dogecoin Tutorial
#16so interesting, such opportunity! wow! to the moon!
Re: Dogecoin Tutorial
#17On the computer parts section on the mining page, you talk about discreet GPUs, but you probably meant discrete.
Otherwise looks great!
Re: Dogecoin Tutorial
#18Nice, I just started looking into Dogecoin a few days ago. It's been two days now and my wallet is still doing its first sync (about 70%). I also set up a BitCoin wallet and it looks like that'll take weeks to sync. Is this a problem people starting crypto currencies are thinking about? Is it solvable or just how they work?
Re: Dogecoin Tutorial
#19Doesn't include compiling for Linux.
Re: Dogecoin Tutorial
#20My advice to everyone: if an altcoin pops up, mine it for a day or two. Place the funds in a private wallet. Backup the wallet on a USB key and two hard drives. Do not access it for 2-3 years. Early on, farming a block takes no effort at all. Later on, if the altcoin succeeds, you hit a random lotto. Otherwise, you have a few encrypted wallets and probably wasted 15 minutes setting up the miner per altcoin. Be wary o…
Multiply those 15 minutes by the number of altcoins popping up every week. Then add the time spent in looking for altcoins early on. There are several who'd like to jump on it from day 1. They make their living by selling them on ebay. Not to mention that your computer is unusable while it's mining. My point being, it's not a get rich quick scheme for everyone .
If you assume crypt coins are going to be pressed into wide-spread use, then it is akin to a land rush. Automating the process can be done quite easily by using something like Multipool's list of currencies and just running through the list with a script. Way less than 15 minutes per.