Thread: Bitcoins
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Old 01-02-2014, 02:42 PM   #437
Regular_John
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Join Date: Feb 2010
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Quote:
Originally Posted by Rathji View Post
I have started mining Dogecoins on my unused GPU. It is a new scrypt based coin which is based on the Doge meme. Really, I am just playing with Scrypt coin and given I only have a 7870, I wanted to get in on something that the difficulty wasn't too high on.

Can convert them straight across for LTC/BTC or hold them. They are really quite popular on Reddit and it might help them get a foothold.

I sold for the first few days, just thinking it was an easy way to mine BTC with my GPU, but I am holding them for now as the price seems to be dipping, and have a (very) minor amount of BTC set aside to buy them if the conditions looks right.

Pool I use: https://dogehouse.org
Exchange I use: https://www.cryptsy.com/

Some threads on Reddit:
http://www.reddit.com/r/dogecoin
http://www.reddit.com/r/dogemining
On the non-mining side of things doge is an easy/fun way to get into crypto's without the intimidation of BTC. I've sunk all of $4 into dogecoin and have few thousand kicking around now.

Basically a fun & cheap way to learn how bitcoin type transactions/wallets work without feeling like this guy:

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