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Despite DOGE mining difficulty shooting up this week it's still one of the most profitable coins to mine thanks to its spike in value. I've been making $60+ per

Despite DOGE mining difficulty shooting up this week it's still one of the most profitable coins to mine thanks to its spike in value. I've been making $60+ per day mining it. Now if I only had 10x as much hardware...

kcbanner 13y ago
What hardware are you currently running?
- driverdan 13y ago
  Seven 290x video cards between two systems. They're running lower than peak output due to not having enough power (nearly maxing a 20A breaker). Here's my custom dashboard I wrote to monitor it: http://driverdan.com:3000/ http://driverdan.com:3000/
  - pbhjpbhj 13y ago
    >I've been making $60+ per day mining it. // So is that "I've been grossing $60+ per day mining it."? Also, you've converted that value from doge to bitcoin? Any idea what your costs are (hardware + running)?
    - driverdan 13y ago
      Yes, gross. Power is roughly 10% overhead. Exchange fees are something like 2%. Those are my only monetary costs right now. I go DOGE -> BTC -> USD.
  - vbtemp 13y ago
    Are you part of a pool or flying solo?
    - driverdan 13y ago
      Pool (multipool). My hash rate isn't high enough to solo mine doge.
      - aestra 13y ago
        Huh??? How do you use Cryptsy and multipool at the same time? multipool converts to BTC automatically and only pays out in BTC. multipool also doesn't mine Dogecoin all the time, just the most profitable coin, and keeps which coin it is mining a secret from the user. Your story doesn't add up. EDIT: Hashcows is similar to multipool except it tells the user what it mines, has a slightly lower fee, and allows users to keep the alt coins or auto convert directly to BTC. It hasn't mined DOGE lately, here's what it is mining. https://hashco.ws/stats/ https://hashco.ws/stats/
        driverdan 13y ago
        Close but not quite. Yes multipool auto switches between coins. It has been doing mostly DOGE lately since it has been the most profitable. It tells you what you're mining, it isn't hidden. And no, it doesn't convert to BTC automatically. You get whatever you mine.
        eric_bullington 13y ago
        Some multipools convert automatically to BTC, and some don't. Middlecoin, for example automatically converts your earnings to BTC.
        aestra 13y ago
        I did get multipool and middlecoin mixed up. My mistake. I was mining doge directly for a while but I quit to mine litecoin two weeks ago or so because that was much more profitable. I was actually making much more money mining litecoin rather than dogecoin. That might have changed because I heard the exchange rate went up a couple days ago. After mining litecoin for a week and having the best luck with that I moved back to a profit switching pool, hashcows, to see if they will be more profitable, even though they had a sql injection attack lately. I wanted to see which was going to do the best for me. I haven't even been home to change my miners even if doge is more profitable right now and I have to go on travel. So far litecoin and hashcows are about the same in profitability for me as of lately.
losvedir 13y ago
Are these realized gains? If so, how do you turn it into dollars? Do you go via BTC, or is there some direct exchange to US dollars now? It's very funny to me how dogecoin has taken off. :-) I got tipped on reddit and now I'm hooked. I think the seamless nature of tipping on reddit (all you have to do is reply to a comment with +/u/dogecoinbot n and it will send coins) has really spurred its use. Btw, now that I have a dogecoin wallet (DRVMiXCneJhFVBy4r4T2zpw9j5f4Tp1KzH), anyone want to send me some...? :-D
- driverdan 13y ago
  I use Cryptsy to exchange for BTC. I cash out to USD when I have around 1 BTC. So no, not realized yet and subject to volatility.
- cmsd2 13y ago
  +/u/dogetipbot 10 doge there you go. edited to add (and bring back on topic): this might look spammy, and in fact it is -- some subreddits don't like all the tipping noise at all, but on /r/dogecoin it's the big thing that differentiates it from the other altcoins.
  - Nullabillity 13y ago
    There was bitcointip way before dogecoin was even a thing.
mrkickling 13y ago
Wow! You make 30k/day? At this difficulty? You must have some serious hardware there, don't be sad. (mining around 1k/day with a HD 6950)

kcbanner 13y ago

What hardware are you currently running?

driverdan 13y ago
Seven 290x video cards between two systems. They're running lower than peak output due to not having enough power (nearly maxing a 20A breaker). Here's my custom dashboard I wrote to monitor it: http://driverdan.com:3000/ http://driverdan.com:3000/
- pbhjpbhj 13y ago
  >I've been making $60+ per day mining it. // So is that "I've been grossing $60+ per day mining it."? Also, you've converted that value from doge to bitcoin? Any idea what your costs are (hardware + running)?
  - driverdan 13y ago
    Yes, gross. Power is roughly 10% overhead. Exchange fees are something like 2%. Those are my only monetary costs right now. I go DOGE -> BTC -> USD.
- vbtemp 13y ago
  Are you part of a pool or flying solo?
  - driverdan 13y ago
    Pool (multipool). My hash rate isn't high enough to solo mine doge.
    - aestra 13y ago
      Huh??? How do you use Cryptsy and multipool at the same time? multipool converts to BTC automatically and only pays out in BTC. multipool also doesn't mine Dogecoin all the time, just the most profitable coin, and keeps which coin it is mining a secret from the user. Your story doesn't add up. EDIT: Hashcows is similar to multipool except it tells the user what it mines, has a slightly lower fee, and allows users to keep the alt coins or auto convert directly to BTC. It hasn't mined DOGE lately, here's what it is mining. https://hashco.ws/stats/ https://hashco.ws/stats/
      - driverdan 13y ago
        Close but not quite. Yes multipool auto switches between coins. It has been doing mostly DOGE lately since it has been the most profitable. It tells you what you're mining, it isn't hidden. And no, it doesn't convert to BTC automatically. You get whatever you mine.
        eric_bullington 13y ago
        Some multipools convert automatically to BTC, and some don't. Middlecoin, for example automatically converts your earnings to BTC.
        aestra 13y ago
        I did get multipool and middlecoin mixed up. My mistake. I was mining doge directly for a while but I quit to mine litecoin two weeks ago or so because that was much more profitable. I was actually making much more money mining litecoin rather than dogecoin. That might have changed because I heard the exchange rate went up a couple days ago. After mining litecoin for a week and having the best luck with that I moved back to a profit switching pool, hashcows, to see if they will be more profitable, even though they had a sql injection attack lately. I wanted to see which was going to do the best for me. I haven't even been home to change my miners even if doge is more profitable right now and I have to go on travel. So far litecoin and hashcows are about the same in profitability for me as of lately.

losvedir 13y ago

Are these realized gains? If so, how do you turn it into dollars? Do you go via BTC, or is there some direct exchange to US dollars now? It's very funny to me how dogecoin has taken off. :-) I got tipped on reddit and now I'm hooked. I think the seamless nature of tipping on reddit (all you have to do is reply to a comment with +/u/dogecoinbot n and it will send coins) has really spurred its use. Btw, now that I have a dogecoin wallet (DRVMiXCneJhFVBy4r4T2zpw9j5f4Tp1KzH), anyone want to send me some...? :-D

driverdan 13y ago
I use Cryptsy to exchange for BTC. I cash out to USD when I have around 1 BTC. So no, not realized yet and subject to volatility.
cmsd2 13y ago
+/u/dogetipbot 10 doge there you go. edited to add (and bring back on topic): this might look spammy, and in fact it is -- some subreddits don't like all the tipping noise at all, but on /r/dogecoin it's the big thing that differentiates it from the other altcoins.
- Nullabillity 13y ago
  There was bitcointip way before dogecoin was even a thing.

mrkickling 13y ago

Wow! You make 30k/day? At this difficulty? You must have some serious hardware there, don't be sad. (mining around 1k/day with a HD 6950)