Friday, 27 December 2013

Doge Coins

Recently as of the 6th December a new crypto currency has popped onto the market and gained a huge following in a very short amount of time, it is one of the fastest growing crypto currencies. That currency is Dodgecoin.

WoW much coin

With a market cap of 100 billion coins and over 13% of those already mined and with its biggest heist occurring on the on Christmas 2013 it also has tons of support in the reddit community. Dogecoin is gaining tons of attention and still growing strong.

Mining Dogecoin is similar to Litecoin since it also uses scrypt in its proof-of-work algorithm, meaning that you can configure cgminer to mine Dogecoins. Dogecoins currently get mined at a ridiculous speed, in only a few hours I've been able to mine 300 Dogecoins using a R9 270 graphics card. also support dogecoin with use of a proxy to work with their push through protocol.

The things that really separates dogecoins from all the other is the community, the community is extremely open and friendly and will constantly tip dogecoins to other members. And becuase of this dogecoins makes it easier to get into crypto currencies as a whole. It allows you to play around with it, with very little risk to you and you can then test the waters. Since all crypto currencies essentially work the same, you can transfer that knowledge to other currency.

So start mining play around with it the trading and get a general feel for how crypto currencies operate. It all quite simple really, it just seems scary.

Mining Dogecoins

To mine dogecoin using you first have to download cgminer, then go to login and select dogecoin as you currency(at current coin mode), then click on "how dig coin" and select the "Dogecoin | Doge" tab and download the proxy.

Then setup a worker under the "Many workers" -> "Many worker" links

Extract and run the proxy and keep it running, then in your cgminer folder create a new .bat file inside that put the following:

cgminer --scrypt --fix-protocol -o localhost:8332 -u <login username>.<worker name> -p <worker password>

so that it looks something like this

cgminer --scrypt --fix-protocol -o localhost:8332 -u accountName.workerName -p workerPassword 

Save and run the .bat file


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