Is It Better To Mine Or Buy Dogecoin DOGE
× CHOOSE AN ONLINE WALLET: Online wallets are the quickest and easiest way to use Dogecoin, but lack the security of storing your wallet on your local computer. We recommend you only store a small amount of Dogecoin in an online wallet at any time. There are several browser-based wallets available to choose from: • • • Note: These online wallets are not owned or maintained by Dogecoin or the Dogecoin Foundation. While we think the entities behind them are trustworthy - please use at your own risk.
× LEARN MORE: Dogecoin is a fun, new and rapidly growing form of digital currency. This form of digital currency is called 'cryptocurrency'; a type of digital currency.
Cryptocurrency is completely anonymous, decentralized, and extremely secure. Dogecoin is used with a wallet on your computer, your smartphone, or a website.
You can use it to buy goods and services, or trade it for other currencies (both other cryptocurrencies or traditional currency like US dollars). One of the most popular uses for Dogecoin is 'tipping' fellow internet-goers who create or share great content. Think of it as a more meaningful 'like' or upvote, with real value that can be used all across the internet.
Find out in Dogeminer: The Dogecoin Mining Simulator. Doge Kennels Wow very efficiency, entire kennels to mine dogecoin. Slave Kittens.
How to Mine Dogecoin – a Beginner’s Guide. You’re all set to mine Doge. I have been curious for quite awhile on not only how to mine DogeCoin but what. Why buy into Doge now then? The next reward half is in April, and we'll likely see an overhyped peak and new stability. Where that is, I can't say, but due to the 'dynamic range' Doge has shown, and the fact that Doge is CONSTANTLY being used, spent, traded, raised, funded - shows that the community wants it to be viable, and it likely will remain viable. Find out in Dogeminer: The Dogecoin Mining Simulator. Doge Kennels Wow very efficiency, entire kennels to mine dogecoin. Slave Kittens. Who the hell is buying DogeCoin? DogeCoin is better suited to be the subject matter of a book called Baby. I will continue to mine for doge over any.
It is very easy to start using Dogecoin. • Step 1: Get A Wallet. • Step 2: Get Some Dogecoin. • Step 3: Use Your Dogecoin. • Step 4: Stay Up-to-Date.
More information in the guide below. × GET DOGECOIN: There are numerous amounts of ways to get Dogecoin. You can buy them, trade for them, get tipped, 'mine' them, and more.
They are surprisingly endless! You can get tipped Dogecoin by participating in.
If that's not your style, the easiest way to have your first Dogecoin is to get them from a faucet. A Faucet is a website which gives you a small amount of Dogecoin for free to introduce you to the currency! All you need is your Dogecoin address.
Here are a couple Dogecoin faucets: • - Enter your address to get some free Dogecoin. • - Same as Dogefaucet.
You can also get Dogecoin by 'mining' it. Mining is when you use your computer to process Dogecoin transactions by other people, and in return you get Dogecoin.
Mining is intended for advanced users only, as it requires a lot of technical knowledge to do. If you are interested,. Note: These online faucets and exchanges are not owned or maintained by Dogecoin or the Dogecoin Foundation.
While we are satisfied they are trustworthy, reliable services - please use at your own risk. × STORES: You can shop for goods online with Dogecoin. Dogecoin is safe during checkout, because you don't put down any sensitive bank information!
Just send your Dogecoin to the address specified by the merchant, and then you'll have your item processed and ready for delivery in an instant! Here are some businesses that accept Dogecoin: • Note: These online shops and business directories are not owned or maintained by Dogecoin or the Dogecoin Foundation.
While we are satisfied they are trustworthy, reliable services - please use at your own risk. Both wallets have their advantages and disadvantages. MultiDoge is a light wallet, so it only needs to 'skim' through the blockchain before it becomes usable. This is done quickly. But the wallet should only be for normal use. It cannot be used to mine Dogecoin, as the wallet will become slow and unresponsive if used this way. Dogecoin Core on the other hand, downloads the entire blockchain.
Its initial sync is significantly slower compared to MultiDoge, and it takes up a lot more space. But this comes at an advantage.
It is safe to mine Dogecoin with this wallet, as it will be able to handle the transactions from payouts. It will also help maintain the Dogecoin network. Both wallets have their advantages and disadvantages. MultiDoge is a light wallet, so it only needs to 'skim' through the blockchain before it becomes usable.
This is done quickly. But the wallet should only be for normal use.
It cannot be used to mine Dogecoin, as the wallet will become slow and unresponsive if used this way. Dogecoin Core on the other hand, downloads the entire blockchain. Its initial sync is significantly slower compared to MultiDoge, and it takes up a lot more space. But this comes at an advantage. It is safe to mine Dogecoin with this wallet, as it will be able to handle the transactions from payouts.
It will also help maintain the Dogecoin network. Both wallets have their advantages and disadvantages.
MultiDoge is a light wallet, so it only needs to 'skim' through the blockchain before it becomes usable. This is done quickly. But the wallet should only be for normal use. It cannot be used to mine Dogecoin, as the wallet will become slow and unresponsive if used this way. Dogecoin Core on the other hand, downloads the entire blockchain.
Its initial sync is significantly slower compared to MultiDoge, and it takes up a lot more space. But this comes at an advantage. It is safe to mine Dogecoin with this wallet, as it will be able to handle the transactions from payouts.
It will also help maintain the Dogecoin network.
Especially today (as in March 18) - if you bought Litecoin, you'd be buying high (most likely). We saw a litecoin surge this morning due to speculation, and it's already beginning to hit a sell-off phase.
This rise was due to it being added on several Chinese exchanges. While I believe that Litecoin's value will go up as difficulty rises, there will be better times to buy, in the pump/selloff cycle. Chances are the real increases to LTC (with support) due to these exchanges, such as Huobi, adding Litecoin, were already priced in weeks ago, when LTC rose from 0.025btc to 0.0275btc. Litecoin was at $40 during the peak, $20 for a while; $15-17 for the last few weeks and $20 today. Wait for a retreat into the $17-18 neighborhood first, which will probably happen.
Bitcoin, currently, is stagnant. The current price was 'set' due to Gox's failure and some other BTC theft events. They've passed, but they've also made people come 'back down to earth' on BTC. I believe that may change EVENTUALLY, but with Bitcoin, you have to look at the possibility for a percentage rise. (or lack thereof.) I know a lot of bitcoiners shout 'BTC $10,000!' , but shouting never really got anyone anywhere.
It's very possible that while BTC did reach $1000 a few months ago, it has stabilized at $600-650. I know what I just said is anathema and I guarantee it will get flames from 'BTC and only BTC' folks following, it is a real possibility that BTC has found its comfortable value. (a lot of people believe that 'there can only be one crypto, and that is BTC'. While that line is repeated a lot, the only rationale is that other coins 'aren't different enough'. Enough for what? Enough for the person making that statement I suppose. To me, there are ALREADY several functionally co-existing cryptos, and this 'mythical one-coin future' which will 'someday arrive' is conjecture at best.) Dogecoin, since the fork, has stabilized. Standalone Ethereum ETH Miner.
The constant downward trend has stopped and we're at 125-127 satoshi now, and that stability looks pretty good. Why buy into Doge now then? The next reward half is in April, and we'll likely see an overhyped peak and new stability. Where that is, I can't say, but due to the 'dynamic range' Doge has shown, and the fact that Doge is CONSTANTLY being used, spent, traded, raised, funded - shows that the community wants it to be viable, and it likely will remain viable.
The day traders will make fun of it for being a 'meme coin', but let's be honest: the 'meme' is already dead. We now have a mascot, not a meme. Linux has had Tux for years, and people still embrace that.
What I keep hearing is that 'A coin based on a meme can't possibly survive' - again, with zero actual rationale as to 'why not'. Doge has a lot more going for it than any other altcoin. (Note, I do not count LTC as an altcoin at this point, since it is solidly established.) - Look at exchanges and articles. The triad mentioned are always 'BTC, LTC and Doge'.
It's uncanny. Doge is well suited towards small to average purchases that bitcoin is not. Bitcoin's confirms are painfully slow.
IMO, Doge is a better coin to buy because it has shown the community that it is tougher than all alts (sans LTC) in terms of viability and stability. If I were you, I would split your investment between Doge and some LTC when the next dip occurs (which may be tonight.) Do 60/40, 60% doge NOW, 40% LTC when it's in the $17-18 USD range.
YMMV, maybe TL;DR, maybe 'such serious, bark bark' - but advice was asked for, advice was given. There are several reasons why I chose dogecoin. First and foremost in my mind is the community. The people on this sub, and on the IRC channel are some of the friendliest, most helpful people that you'll ever come across.
Second would be the age of the coin and the price. It's really new, and really cheap at the moment. Bitcoin is very mature and would be harder to buy into. Same with Litecoin to a certain extent. But yeah, it's mainly the community for me. Here, let me help you get started. + 20 doge • • • •.