How to build a dog coin mine
Publish: 2021-05-03 16:50:53
1. Dogecoin is a proct of the combination of bitcoin and dog by Australian brand and marketing expert Jackson Palmer and programmer Billy Markus in Portland, Oregon. They then bought the domain name of dogecoin.com, which was included in reddit, Doge's headquarters. With the help of reddit, the website immediately became popular. However, in two weeks, dogecoin has set up a special blog and forum with a market value of US $8 million, which once jumped to the seventh largest e-currency in the world
in the second half of 2013, the search rate of "dog joke" (known as dog meme) in the grass-roots culture of the Internet in the United States showed an explosive growth in major search engines. This picture of a cute dog was added with strange phrases such as "wow" and "such XX", which made the American people laugh, "Dog" is the proper term for "dog", and is also rated as the cultural phenomenon of the year by NBC and other TV stations. The influence of "dog" is no less than that of "local tyrant" and "PM 2.5" in Chinese
in November 2013, Jackson Palmer, an Australian marketer, studied e-money until it was dark. He went to the Internet to relax and laugh at a few Doge jokes. Inspiration came at this time: "you have bitcoin, I have dog coin!", He decided to write a tweet:
to invest in dogecoin. I firmly believe that this is the great opportunity in the future
to his surprise, he received a lot of positive responses and encouragement. By surprise, he actually bought the domain name of dogecoin.com. The domain name was quickly included by reddit, and then received the crazy attention and forwarding of many dog fans
Billy Markus, a Polish programmer who is scratching his head to build his own e-money system, saw this opportunity and immediately joined the plan. On December 12, the dog coin system based on the script algorithm (just like Leyte coin) was really launched. At this point, it's only a week since Palmer tweeted that cold joke
with the help of reddit (the doge content on this website overflows horribly), the traffic has shown explosive development since the dogcoin system went online
dogcoin does not follow the strategy of bitcoin, but makes good use of the "tip culture" of the United States. This humble gesture, which is regarded as a donation or kneeling to the service providers, is also widely used on the Internet. Compared with the expensive bitcoin, dogcoin has a lower threshold and is more "cute". A week after the system was launched, dogcoin has become the second most popular "tip e-currency" on the Internet in the United States
dog coin is very special. It is based on the grass-roots culture of the Internet. It is popular because of its cute and funny temperament. In the expanding e-money market, dogcoin is positioned as a niche market
if you perform a pretty good joke on the Internet, people will usually be willing to tip you through e-money. In the United States, where tip culture prevails, this kind of thing is easy to identify with
but bitcoin is too expensive, so the cheaper dogecoin is popular. Only a week after its launch, it has become the second largest tip currency.
in the second half of 2013, the search rate of "dog joke" (known as dog meme) in the grass-roots culture of the Internet in the United States showed an explosive growth in major search engines. This picture of a cute dog was added with strange phrases such as "wow" and "such XX", which made the American people laugh, "Dog" is the proper term for "dog", and is also rated as the cultural phenomenon of the year by NBC and other TV stations. The influence of "dog" is no less than that of "local tyrant" and "PM 2.5" in Chinese
in November 2013, Jackson Palmer, an Australian marketer, studied e-money until it was dark. He went to the Internet to relax and laugh at a few Doge jokes. Inspiration came at this time: "you have bitcoin, I have dog coin!", He decided to write a tweet:
to invest in dogecoin. I firmly believe that this is the great opportunity in the future
to his surprise, he received a lot of positive responses and encouragement. By surprise, he actually bought the domain name of dogecoin.com. The domain name was quickly included by reddit, and then received the crazy attention and forwarding of many dog fans
Billy Markus, a Polish programmer who is scratching his head to build his own e-money system, saw this opportunity and immediately joined the plan. On December 12, the dog coin system based on the script algorithm (just like Leyte coin) was really launched. At this point, it's only a week since Palmer tweeted that cold joke
with the help of reddit (the doge content on this website overflows horribly), the traffic has shown explosive development since the dogcoin system went online
dogcoin does not follow the strategy of bitcoin, but makes good use of the "tip culture" of the United States. This humble gesture, which is regarded as a donation or kneeling to the service providers, is also widely used on the Internet. Compared with the expensive bitcoin, dogcoin has a lower threshold and is more "cute". A week after the system was launched, dogcoin has become the second most popular "tip e-currency" on the Internet in the United States
dog coin is very special. It is based on the grass-roots culture of the Internet. It is popular because of its cute and funny temperament. In the expanding e-money market, dogcoin is positioned as a niche market
if you perform a pretty good joke on the Internet, people will usually be willing to tip you through e-money. In the United States, where tip culture prevails, this kind of thing is easy to identify with
but bitcoin is too expensive, so the cheaper dogecoin is popular. Only a week after its launch, it has become the second largest tip currency.
2. She doesn't sell any matches.
3. Dog coin has been controversial since its birth. Some people say it is the most popular competitive coin, while others say it is a joke
in fact, virtual coin players with a little common sense all know that dog coin has the following fatal defects:
1. First of all, the code of doggie coin is completely copied from Leyte coin. The wallet of doggie coin in the early days has LTC words; Secondly, the founder of dogcoin left the development team in April 2014 and announced twice to quit dogcoin community; Thirdly, up to now, dogcoin still does not have a stable development team. Most of the online volunteers who joined dogcoin development team in the early days have quit. After the founder of dogcoin announced to quit dogcoin community again in March 2015, the development work actually stagnated
2. Dog money has no support of calculation power, that is to say, it has no real value, and its price performance is purely the result of speculative market game. In September 2014, in view of the collapse of computing power, doggy coin abandoned the mining mode and implemented auxpow, that is, to give doggy coin to any mine pool supporting this mechanism. This means that dog money is no longer the object for miners to profit from mining by purchasing equipment. The reason why the mine pool chooses to support dog coin is to get free dog coin< 3. There is eternal inflation. Under the background that most virtual currencies choose a fixed total amount, dog coin is set to increase by 5.2 billion every year, which makes it face serious inflation pressure. Because the new dog coin is given to the mine pool for free (the gift mechanism may be cancelled at any time), the miners will not have any feelings for the dog coin, they will only sell all the new mines. Inflation setting is an innovation of the founder of dog coin, but it completely violates the pricing principle of virtual coin: that is, under the premise of fixed total amount, through periodic halving, let the computing power and price reach a balance, so as to form a reasonable pricing mechanism. Dog money does not abide by the principle of fixed amount, and now even the computing power has been given up, indicating that it is not a standard virtual money
4. Illegal use of the logo registered by ultra Pro company may be prohibited at any time. As we all know, the dog coin borrowed the well-known Chaigou's head picture from the Internet. The "foundation" established a year later claimed to be trying to rush to buy Chaigou's head picture. The effect was just to comfort the fans. At present, ultra Pro company tacitly allows dog coin to borrow its logo, but it may be withdrawn at any time
5. Chinese speculators have completely dominated dog currency trading, and the trading volume of domestic exchanges accounts for 90% - 95% of the global total. It can be said that dog coin has been fully accepted by the Chinese, and the degree of nationalization is far higher than bitcoin, reborn coin, bitstock, and even higher than Leyte coin. The terrible thing is that Chinese speculative market is seriously separated from foreign community culture. The Chinese controlled the trading volume and chips, but never went deep into the foreign community of dog coin. They not only did not participate in any development of dog coin, but also completely ignored the tip and charity culture of foreign dog coin. Chinese speculators regard foreign communities as "idiots" who constantly create favorable conditions. Foreign communities regard Chinese speculators as the cancer of price manipulation. This is the separation of the interests of speculators and currency experimenters, which is inexcusable and irreconcilable
6. At the price of 1%, the main value of 100 billion yuan is 100 million yuan, and the annual value of 5.2 billion yuan of new mines is 5.2 million yuan. In the off-season, the global daily trading volume of dog coin is only 100000-150000 yuan. In case of systemic risk and large-scale cash out of users, it is impossible to have enough funds to resist the current price. So, where did the money go? The answer is that most of the locked up funds have been taken away by miners, and there is no possibility that these funds will return to the dogcoin market. If you want to get rid of the powder, you can only make a false appearance and cheat the new people to add fresh blood.
in fact, virtual coin players with a little common sense all know that dog coin has the following fatal defects:
1. First of all, the code of doggie coin is completely copied from Leyte coin. The wallet of doggie coin in the early days has LTC words; Secondly, the founder of dogcoin left the development team in April 2014 and announced twice to quit dogcoin community; Thirdly, up to now, dogcoin still does not have a stable development team. Most of the online volunteers who joined dogcoin development team in the early days have quit. After the founder of dogcoin announced to quit dogcoin community again in March 2015, the development work actually stagnated
2. Dog money has no support of calculation power, that is to say, it has no real value, and its price performance is purely the result of speculative market game. In September 2014, in view of the collapse of computing power, doggy coin abandoned the mining mode and implemented auxpow, that is, to give doggy coin to any mine pool supporting this mechanism. This means that dog money is no longer the object for miners to profit from mining by purchasing equipment. The reason why the mine pool chooses to support dog coin is to get free dog coin< 3. There is eternal inflation. Under the background that most virtual currencies choose a fixed total amount, dog coin is set to increase by 5.2 billion every year, which makes it face serious inflation pressure. Because the new dog coin is given to the mine pool for free (the gift mechanism may be cancelled at any time), the miners will not have any feelings for the dog coin, they will only sell all the new mines. Inflation setting is an innovation of the founder of dog coin, but it completely violates the pricing principle of virtual coin: that is, under the premise of fixed total amount, through periodic halving, let the computing power and price reach a balance, so as to form a reasonable pricing mechanism. Dog money does not abide by the principle of fixed amount, and now even the computing power has been given up, indicating that it is not a standard virtual money
4. Illegal use of the logo registered by ultra Pro company may be prohibited at any time. As we all know, the dog coin borrowed the well-known Chaigou's head picture from the Internet. The "foundation" established a year later claimed to be trying to rush to buy Chaigou's head picture. The effect was just to comfort the fans. At present, ultra Pro company tacitly allows dog coin to borrow its logo, but it may be withdrawn at any time
5. Chinese speculators have completely dominated dog currency trading, and the trading volume of domestic exchanges accounts for 90% - 95% of the global total. It can be said that dog coin has been fully accepted by the Chinese, and the degree of nationalization is far higher than bitcoin, reborn coin, bitstock, and even higher than Leyte coin. The terrible thing is that Chinese speculative market is seriously separated from foreign community culture. The Chinese controlled the trading volume and chips, but never went deep into the foreign community of dog coin. They not only did not participate in any development of dog coin, but also completely ignored the tip and charity culture of foreign dog coin. Chinese speculators regard foreign communities as "idiots" who constantly create favorable conditions. Foreign communities regard Chinese speculators as the cancer of price manipulation. This is the separation of the interests of speculators and currency experimenters, which is inexcusable and irreconcilable
6. At the price of 1%, the main value of 100 billion yuan is 100 million yuan, and the annual value of 5.2 billion yuan of new mines is 5.2 million yuan. In the off-season, the global daily trading volume of dog coin is only 100000-150000 yuan. In case of systemic risk and large-scale cash out of users, it is impossible to have enough funds to resist the current price. So, where did the money go? The answer is that most of the locked up funds have been taken away by miners, and there is no possibility that these funds will return to the dogcoin market. If you want to get rid of the powder, you can only make a false appearance and cheat the new people to add fresh blood.
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