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Posts Tagged ‘DogeCoin’
There is now an official release of the Dogecoin Core 1.8 available that adds AuxPow support required for the upcoming merged mining support with Litecoin and why not other Scrypt crypto currencies. Starting with block 371337 the Dogecoin network will accept AuxPoW blocks from miners of other chains, according to calculations this should happen around September 12th. This is a mandatory upgrade that you need to install if you wan to be able to continue using your wallet. Do note that after installing it you will have to reindex the blockchain, so it will take some time before the wallet balance appears again, also a wise idea to have a backup of the wallet.dat file before running the upgrade.
– To download the new Dogecoin Core 1.8 with AuxPow support from the official Dogecoin website…
- Published in: Crypto Coins
- Related tags: DogeCoin, Dogecoin AuxPow, DOGEcoin fork, Dogecoin mandatory update, Dogecoin mandatory upgrade, Dogecoin merged mining, Dogecoin wallet, merged mining
There have been talks about possible merge mining support for Dogecoin along with Litecoin or either the DOGE forking from Scrypt to another GPU-only algorithm, so that it will not be mineable with Scrypt ASICs. It seems however that the final decision by the DOGE devs is to go the merged mining way as they have announced that they will enable the Dogecoin blockchain to accept auxiliary proof-of-work from other Scrypt chains. There is already a new branch available in the DOGE Github repository called 1.8-dev which has the AuxPoW switch on the testnet set, so that pool operators can experiment with merged mining before the actual fork to enable it on the main chain. There is no exact date on the update happening announced yet, but it should be sometime soon if there are no serious problems and if pools start adding merged mining support for LTC and DOGE. Do note that you will not be forced to use a pool with merged mining support, you would still be able to mine separately both Litecoin and Dogecoin if you wish to, however why not mine both together when there should be no drawbacks in that and only positives. This way fan of DOGE could merge mine and use the mined LTC to buy more Dogecoin for example, however the miners interested in LTC can also dump the mined DOGE for more LTC. How this will affect the DOGE is still uncertain, however many believe that this is the way to actually save Dogecoin from slowly dying.
– Read the official announcement from the Dogecoin devs about the upcoming AuxPoW support…
- Published in: Crypto Coins
- Related tags: auxiliary proof-of-work, AuxPoW, DogeCoin, Dogecoin merged mining, Litecoin (LTC), Litecoin merged mining
Genesis Mining Profitability Report and New Features
23, Jun 2014
It seems we’ve been using Genesis Mining’s cloud mining services for two weeks already and have decided to do a short update on our experience with the service after our initial impressions form the service that we’ve shared earlier this month. You can see the list of transactions and payments we have received so far with 1 MHS worth of Scrypt hashrate at the service and the full hashrate set to BTC payments, so whatever the service has mined gets converted to Bitcoins and we get payed in BTC at the end of the day. As you can see from the numbers there are some days with better results than others, but you can get a good idea on what to expect as an average and be able to do the math multiplying the numbers for more megahashes if you are interested.
On a side note, the service as also started accepting DOGEcoin as a payment method for hashrate, though if you convert the 1 MHS price of $180 USD to DOGE the amount you get is quite big – 561909 DOGE (over half a million). And of course you already have the option to allocate the cloud mining hashrate that you purchase for mining DOGE in the control panel should you be interested in that. Initially the prices that Genesis Mining had for the Scrypt cloud mining hashrate were quite good, but with the latest price drops of the Scrypt ASIC miners you could be able to purchase Zeus-based ASIC miners for half the price for the same cloud mining hashrate. So this is something to consider as well when thinking about the possibility to go for the easier way of cloud mining, where you will not have to deal with actual hardware installation and management, including power usage, heat and noise generated by actual Scrypt ASIC miners.
You can also use the following up to date promo code to get a 2.5% discount of the regular price nSO2TE should you decide to try out the service yourself.
– For more information and to try out the Genesis Mining Scrypt could mining service yourself…
- Published in: Cloud Mining|Tests and Reviews
- Related tags: cloud mining, cloud mining service, DogeCoin, Genesis Mining, Genesis Mining DOGE, Genesis Mining first impressions, Genesis Mining prices, Genesis Mining profitability, Genesis Mining review, Genesis Mining test, scrypt, scrypt cloud mining