Such tutorial. very wow. How dissimilar is the process for converting dogecoin to normal-people money? (I have no interest in Bitcoin except as a necessary stepping stone.) If very different, could you make a page for this?
Dogecoin Tutorial
41–50 of 110 posts
Re: Dogecoin Tutorial
#42My 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…
I'd rather advice on spending $20 on an Altcoin. Much less effort and more potential return, since several days of mining will probably return a few dollars of current value.
Re: Dogecoin Tutorial
#43i like this info site too : http://howtodogeco.in/
Re: Dogecoin Tutorial
#44I'm also building a DOGE/USD (and other currencies) exchange, http://doges.org/index.php?topic=4435.0 It's tough work doing it legitimately since so far most banks have turned their nose up at my business, but I'll get there.
keep it up! it's def a pain point with the currency
Re: Dogecoin Tutorial
#45Such tutorial. very wow. How dissimilar is the process for converting dogecoin to normal-people money? (I have no interest in Bitcoin except as a necessary stepping stone.) If very different, could you make a page for this?
The process is the same for converting doge to USD (which I should make clear in the guide, thanks).
There are a few exchanges with plans to offer direct exchange from Doge to USD in the coming weeks, which I will also be making a guide for when it's released.
You could alternatively sell your Doge for USD through a service like eBay and add a nice markup for convenience (doge is selling for 2x the value in some bids), although you chance dealing with scammers.
edit* thanks for the props, specifically in comic sans :)
Re: Dogecoin Tutorial
#46I'm also building a DOGE/USD (and other currencies) exchange, http://doges.org/index.php?topic=4435.0 It's tough work doing it legitimately since so far most banks have turned their nose up at my business, but I'll get there.
You might also have the fun time of actually getting arrested.
http://business.time.com/2014/01/27/bitinstant-ceo-charlie-s...
Re: Dogecoin Tutorial
#47My 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…
I'd rather advice on spending $20 on an Altcoin. Much less effort and more potential return, since several days of mining will probably return a few dollars of current value.
I wouldn't underestimate the effort of buying new Altcoins, especially with dollars. If you already own bitcoin it is easier, but buying new altcoins requires that you go through potentially untrustworthy channels on smaller exchanges as new exchanges generally won't have them available.
Re: Dogecoin Tutorial
#48My 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…
So it's essentially a pyramid scheme...
Re: Dogecoin Tutorial
#49I'm honestly very interested by Dogecoin, the community enthusiasm and positivity seems to be it's wildcard. But I find the lexicon "so wow! to the moon!" et. al. just terribly grating. It honestly impacts my willingness to dive into the space.
Re: Dogecoin Tutorial
#50Such tutorial. very wow. How dissimilar is the process for converting dogecoin to normal-people money? (I have no interest in Bitcoin except as a necessary stepping stone.) If very different, could you make a page for this?
The process is the same for converting doge to USD (which I should make clear in the guide, thanks). There are a few exchanges with plans to offer direct exchange from Doge to USD in the coming weeks, which I will also be making a guide for when it's released. You could alternatively sell your Doge for USD through a service like eBay and add a nice markup for convenience (doge is selling for 2x the value in some bids…
YW and thanks. I'm the person who asked on reddit about converting to JPY. A Japanese shibe and I are trying to help Atsuko Sato, the owner of the doge, learn how to convert dogecoin donations. Since your tutorial is real clear I'll point my Japanese friend to it to translate.