Dogecoin bubble..

lukep said:
So for instance, if we know that Butterfly Labs is the only one shipping out any major equipment in Feburary, 50 monarchs, for a total of 20 Terrahashes; and during Febuary 40 Terrahashes come online...
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I'm quite certain KNC will meet their targets and will start shipping 1200 x 3 TH/s in Q1 with a second batch to follow in Q2.

https://www.kncminer.com/categories/miners

Not to mention Cointerra shipping a batch of 2 TH/s boxes each month for the foreseeable future (Jan/Feb/Mar all sold out).

Products Archive |

Etc. etc.
 


Gambit said:
I'm legitimately interested in buying some of these for speculation.

I think its gonna shoot up for a while just based on novelty.

Does anyone know where to go to buy some?
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when you need some let me know. I made a killing moving that currency around.
 
So Dogecoin got hacked for $12k I heard? Haven't looked it up, because I don't give a shit, but a little birdie told me they recently lost $12k.
 
Kiopa_Matt said:
So Dogecoin got hacked for $12k I heard? Haven't looked it up, because I don't give a shit, but a little birdie told me they recently lost $12k.
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You are thinking about dogewallet being hacked. Someone hacked into the online wallet site and hacked the withdrawal address to their own so anytime someone tried to withdraw, it would go to the hacker. Around 30mil DOGE was taken, around $15,000 USD. It appears to have been an inside job.
 
(O_o) said:
You are thinking about dogewallet being hacked. Someone hacked into the online wallet site and hacked the withdrawal address to their own so anytime someone tried to withdraw, it would go to the hacker. Around 30mil DOGE was taken, around $15,000 USD. It appears to have been an inside job.
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very illuminati
such rothschild
so bilderberg
much conspiracy
 
Can you please not be that stupid?

Market cap is a Bullshit metric to bullshit idiots into investing. I could throw some Fuckin coin out there. Make a trillion of them exist, make a transaction of one coin for one dollar and have a market capitalisation of 1 trillion dollars. It's not even some kind of average. They just take the spot and multiply it by the amount of asset.

Luckily, the pump and dump is built into the bitcoin and you ARE in early. But quit fucking around with those terms like they mean something.
 
wayn3 said:
Can you please not be that stupid?

Market cap is a Bullshit metric to bullshit idiots into investing. I could throw some Fuckin coin out there. Make a trillion of them exist, make a transaction of one coin for one dollar and have a market capitalisation of 1 trillion dollars. It's not even some kind of average. They just take the spot and multiply it by the amount of asset.

Luckily, the pump and dump is built into the bitcoin and you ARE in early. But quit fucking around with those terms like they mean something.
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Is that really the way market is determined? Simply the ammount the coin is trading for × the amount believed to be in circulation? A dumb question perhaps and obvious enoygh, but i guess ive never thought of it before. Does make it a fairly worthless metric though. Thx for the info.
 
tomaszjot said:
I'm waiting for wfcoin.

1 WF like = 1 wfcoin

1 wfcoin = very quickly $10000

my 3000 likes = $30'000'000

$30'000'000 = Tommy retired

Tommy retired = instant hookers & drug addiction

Tommy retired = Tommy dead

wfcoins = Tommy dead

Don't want.
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First Jew$, then WFcoin.
 
lukep said:
Sorry about the late reply, Joe. It was xmas, what can I say? ;)
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No worries, I don't expect you to be spending your xmas on WF!


lukep said:
Sorry about that, wrong article actually... It was some kind of "teaser" Coindesk article responding to this issue. Here's the one with meat in it:

Bitcoin mining network vulnerability 'not a big deal'
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A little meat, but still lacking. Lots of 'we could do this', without much talk on how it'd actually be implemented. It also seems to mainly address public pools, as opposed to private pools owned by a single large entity. The aim wouldn't be to make the most money, it'd be to cause disruption, which is all that article really covers, the advantages of individuals joining a selfish pool.



lukep said:
Right now there are factories in a half dozen different countries, and several in both china and the usa, that produce the Current crop of Asics... Together the shipped products including miners still mining on their GPU cars and other old equipment all add up to the current 10.2 Petahashes per second:

https://blockchain.info/charts/hash-rate

If you zoom that chart out, you'll see that the hash rate isn't simply going in an upwardly direction; It's practically doubling every month! Since the beginning of October, when it was already the most powerful network of computers on the face of the planet, the power has multiplied over 10 times.

So logic would dictate, if they set out to build a factory to produce 20 Petahashes worth of ASICs, by the time they produce them the hash rate will be over 200 petahashes... If they're competent enough to build such a tall order.
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This is the NSA we're talking about. Most ASIC companies are pretty new, KNC is the main one to be pushing the boundaries, with the others flailing behind. And they're still a new company, they've only been going since April. You're saying that the NSA would find it difficult to beat the research power of an 8 month old tech company? SHA-256 ASICs as a whole have only been around for a year. And that's assuming they're researching themselves, rather than just cloning existing tech. How much do you think it costs Nvidia/ATI to build a shiny new graphics card, purely in parts and labour, excluding R&D?


lukep said:
We don't just know the time they launch; we know how many gigahashes are pushed out on which days.

This is required because miners want to know if a mining equipment company is bringing this hardware online themselves and mining the easy coins before shipping them out to miners... So literally, we can tell who created every last gigahash on the network and when. There are several analysts that track this stuff.
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Yep, obviously you realise something bad's happening, just from the jump in mining power. But what can you do?



lukep said:
It isn't an IP thing... It'd get traced at the company level, old-school with shipping address metadata.

So for instance, if we know that Butterfly Labs is the only one shipping out any major equipment in Feburary, 50 monarchs, for a total of 20 Terrahashes; and during Febuary 40 Terrahashes come online... Then eyebrows will be lifted, and Josh @ BFL would post to the community (if it's not already posted in real-time somewhere) the meta-data like which states how many GH were shipped to.
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So? You know something bad's happening, just from the sudden jump in hashrate. If you don't realise something bad's happening, that kind of defeats the purpose. There wouldn't be any metadata if they're building them themselves, and then it's just a case of buying a few thousand IPs.

lukep said:
Then we just watch on the miner map where the others are coming online and we'll even know which cities the fedcoats are mining from!
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And what can you do with that knowledge, other than create panic? (exactly what the aim would be)
 
Two full pages in and nobody has addressed the most important question I need answered: How do I pronounce Dogecoin. Because if I can't call it 'Doggycoin' I want nothing to do with it.
 
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