Is mining Doge Coins Worth it?
Doge coins.
They are fairly new and they are not based of any other crypto currency like, LiteCoin or BitCoin.
So what can make DogeCoin so worth using not only for mining but for doing transactions in business?
Doge coin is a really easy coin to mine, but it takes many to make a lot.
In more relevant terms it means that you can get the coinage but, not at great value.
So what is the point of mining Doge, when it takes 1,000 DogeCoin to make 1 USD?
For starters we all know or should know by now that crypto currency, is a really great way of spending money.
As in, that crypto currency is backed up, by solving math problems aka Hash codes that Data-centers use to send data/information.
However we are still not getting to what makes DogeCoin so special?
DogeCoin is a rising Crypto Currency, because the two Primary currency's have plummeted since the January of 2014.
Back in Early January and Late December BitCoins where worth $874.873345 per coin.
Now they are worth $634.99823 and decreasing in value every day. Not to mention, it will
take forever to get at least 1 bitcoin, because the difficulty of finding one is so slim, its like walking on a rope about to snap!
So that's covered we know why we should mine DogeCoin but why now? Why not just wait till DogeCoin increases?
When DogeCoin value increases the difficulty will too! Making the value slowly increase and right when it hits the peak, it will plummet.
Not to mention that its so easy to get 1 bitcoin right now that ANYONE can do it! So, if you mine DogeCoin right now, will it bank in?
Like I said, If we go back to the top of the post I said that DogeCoin is a rising crypto currency that will soon also increase in value. So since Doge is so easy to mine right now, and if Doge because at least worth $5 per doge, and you already mined many DogeCoins, you will bank in rich!
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