Originally Posted by korruptedkaos
not being funny!
but why are you guys still mining Doge!
even if the price does go up to 350 - 400 which I cant see it doing anytime soon? there are still better coins to be mining right now!
even if you want doge for long term because you believe in it, wouldn't you be better off mining another coin & buying more Doge than you can mine?
I can see it going there sooner than you might think - however, I agree that it's better to mine a more profitable coin and exchange... but that's easier when you already have accounts set up on multiple exchanges and are comfortable with their volume trends. I think the success of the pools like middlecoin and trademybit demonstrates that the constant mining, timing, exchanging, transferring, etc. required to maximize profits is not worth it for many people (or at least isn't viewed as worth it).
Also some people try it and get burned early by staying too long mining a coin that crashes completely after a dump (I think MOON did this to many people) so they prefer to either mine a sure bet, or mine at a pool where they lose the benefit of timed trades, but gain the convenience of a single wallet and no exchange accounts necessary.
It's much easier to make money in the real world by owning your own business than it is simply being an employee of someone else's company... yet a significant majority of the population still chooses the latter because they prefer the simplicity of a consistent paycheck and a lower accounting responsibility over the potential of a larger annual income. Like everything else in life convenience costs money... either in lost profit potential or in purchasing services/goods that could otherwise be self-generated. However, depending on what your priorities are - that may be worth every penny!
I'm back in the hunt again for a new coin to throw hashrate at and exchange for BTC/DOGE. I've been mining DOGE myself ever since the halving and the fork - simply because the difficulty dropped way back on it... now that it's back into the 1200 range it's not as attractive (not that ~14K/day was particularly attractive, but at least it was .03BTC/day which isn't horrible).
Originally Posted by Minusorange
I might switch over to max, was only mining doge last night as a test to make sure everything works, still need to fine tune some tweaks to get optimal hashrate though. Do you guys happen to know if you need to tweak settings depending on the coin you're mining or will the kh/s be the same no matter as long as it's scrypt ?
Shouldn't make a difference as long as the encryption type doesn't change - you might need to tweak for something other than scrypt - but between different scrypt coins it should be nearly identical (the difference being latencies to the actual pool you're mining or the worker difficulties set for you by the pool... i.e. if they are too low for your card your worker will be less efficient).Edited by DiGiCiDAL - 2/19/14 at 1:17am