How We Mined More Than 100,000 Dogecoins in One Week

How We Mined More Than 100,000 Dogecoins in One Week

As bitcoin mining increasingly becomes more of a professional pursuit, hobbyists and newcomers have turned their attention to scrypt mining. So, at CoinDesk, we wondered, 'why not try scrypt mining ourselves?'. Watch the video to see how well we fared: . We got our hands on a Gridseed G-Blade miner, one of the first scrypt miners in the market to use ASIC chips. ASIC chips have been used to mine bitcoin for over a year, now they are making their way into scrypt mining. That's making scrypt even more attractive to newbies. MinerEU is the European distributor for the China-based manufacturer....


Related News

500 Million Dogecoins Mined by Unknown Hacker in Malware Attack

An unknown hacker has reaped an estimated 500 million dogecoins - worth nearly $200,000 at today's prices - by hacking into a series of data storage hubs for computer networks, according to SecureWorks, an information services subsidiary of personal computing giant Dell. The SecureWorks report revealed that the hacker targeted network attached storage (NAS) boxes made by Taiwan-based Synology Inc. and used its computing power to mine dogecoin through a private pool. The action caused problems for Synology's customers, some of whom reported poor performance on Facebook in February.....

How Unsuspecting Homeowners Helped Hackers Mine 500 Million Dogecoins

New details have emerged regarding the illicit mining of roughly half a billion dogecoins in the winter and early spring of 2014, which mainly targeted unsuspecting homeowners and may have affected thousands of customers of Taiwan-based manufacturer Synology. Earlier this week it came to light that an as-yet unidentified hacker or hackers gained administrator access to network attached storage (NAS) servers sold by Synology. This resulted in the creation of roughly 500 million dogecoins over a several month-long period, with activity peaking in February. The malware attempt first came to....

I Bought a Couple Thousand Dogecoin. I Regret Nothing.

Wow. Such risk. Much pointless. Initially, these were the thoughts going through my head when I decided to buy some Dogecoins. However, as the owner of about 5000 Dogecoins, I regret nothing. First of all, those coins were worth about $3.00 at the time of purchase. Hardly a risk. Let me start by going through the process of purchasing my coins. There aren't many exchanges that offer Dogecoin. Three that I knew of were Cryptsy, Coins-E, and CoinEx. Cryptsy was probably the worst in terms of overall experience. Everything about it was slow. Depositing my BTC took well over an hour. While the....

Stock Trader Dave Portnoy Dumps All His Dogecoins to Buy Bitcoin

After vowing to never buy bitcoin again, stock trader Dave Portnoy has sold all of his dogecoins, which he bought when the price was at a record high, to buy one bitcoin. Having been called “paper hands,” Portnoy now says will never sell his one bitcoin. Dave Portnoy Now a Proud Bitcoin Owner American day trader and founder of Barstool Sports blog, Dave Portnoy, has finally bought bitcoin. He posted a video on Twitter Monday revealing: “I did buy one bitcoin when it was at $48,000. That’s all I can afford.” He tweeted: I am the proud owner of 1 bitcoin. After....

Dogecoins pouring in for Jamaican bobsled team

UPDATE: The team got funded. According to the official Crowdtilt donations page, some $120,000 has been raised. Dogecoins represent a quarter of that total. The Dogecoin Foundation saw more than 27 million XDG donated, and all the activity actually doubled the value of the currency in about 24 hours. Given Dogecoin's instability these last two days, the foundation actually had to exchange the money into Bitcoin before a donation in USD could be made. Here’s how to Internet like a pro: Take a story that elicits images of a beloved movie from childhood (“Cool Runnings”) and somehow find a....