G+_Neil Tsubota Posted January 16, 2014 Share Posted January 16, 2014 Why do I 'need' to mine dogecoin ? Link to comment Share on other sites More sharing options...
G+_Cole Brodine Posted January 16, 2014 Share Posted January 16, 2014 You don't need to mine them. Link to comment Share on other sites More sharing options...
G+_Neil Tsubota Posted January 16, 2014 Author Share Posted January 16, 2014 Ok, then "why" ? What is the benefit to me ? Does it make the machine run faster, better graphics...etc... I really don't understand 'dogecoin', and why I need it ? Link to comment Share on other sites More sharing options...
G+_Billy Vaughn Posted January 16, 2014 Share Posted January 16, 2014 It's just a form of currency. You install a "Wallet" on your PC to keep the currency in. You don't need it. Link to comment Share on other sites More sharing options...
G+_beefviper Posted January 16, 2014 Share Posted January 16, 2014 If you'd like to play with dogecoin, you either need to buy some, or mine it. Buying costs money. Mining can be done with hardware you currently have. Link to comment Share on other sites More sharing options...
G+_Cole Brodine Posted January 16, 2014 Share Posted January 16, 2014 I feel it is always important to note that mining it can actually be "more expensive" than buying it, depending on a lot of factors. With a lot of crypto-currencies, you spend more money on electricity to mine the coins than the value of the coins you mined. If that is the case for you, maybe you should just buy some coins and cut your loses. Link to comment Share on other sites More sharing options...
G+_Neil Tsubota Posted January 16, 2014 Author Share Posted January 16, 2014 Thank you for this information. This 'mining' for 'dogecoin' is NOT a wise use of my time. My question to Fr. Robert Ballecer,. Is 'this' what most Jesuit Priest do in their "free" time ? (...mine for dogecoin...what "practical" use is the time invested ? ...just my opinion...) Link to comment Share on other sites More sharing options...
G+_beefviper Posted January 16, 2014 Share Posted January 16, 2014 I think the idea was to introduce you to the world of crypto-currencies. Which is actually quite interesting, on several different levels. Dogecoin was just a fun one to pick. They pretty much all function some way. Link to comment Share on other sites More sharing options...
G+_Cole Brodine Posted January 16, 2014 Share Posted January 16, 2014 Neil Tsubota - There are a lot of "practical" uses for your free CPU cycles if you want to try something similarly technical. Try something like Folding@Home or the SETI project. Folding@Home is a distributed computing project hosted by Stanford that uses your spare CPU cycles to fold proteins and potentially discover cures for diseases like Alzheimers. You can even join "teams" that are similar to the mining "pools" and compete with/against your fellow folders. Personally, I'm a member of the PC Perspective team. The SETI project is the search for extraterrestrial life. You can help them analyze signals from space to determine if there is intelligent life somewhere on another planet. I'm not as familiar with this project. Maybe one of these more "noble" projects could be featured in a tip sometime. Link to comment Share on other sites More sharing options...
G+_Fr. Robert Ballecer, SJ Posted January 16, 2014 Share Posted January 16, 2014 I mine it because its fun. (to me) It appeals to my inner-nerd who always wants to see how fast I can push my rig before it blows up. I don't plan to get rich, but I hope to have bragging rights in the brickhouse. :) Link to comment Share on other sites More sharing options...
G+_Fr. Robert Ballecer, SJ Posted January 17, 2014 Share Posted January 17, 2014 Neil Tsubota much judgemental. Very hostile. wow Link to comment Share on other sites More sharing options...
G+_Neil Tsubota Posted January 19, 2014 Author Share Posted January 19, 2014 Sorry, I did NOT intend to be hostile, and judgmental. Can you for give me for my 'sins' ? Link to comment Share on other sites More sharing options...
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