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G+_Neil Tsubota

Why do I 'need ' to mine dogecoin ?

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Ok, then "why" ? What is the benefit to me ? Does it make the machine run faster, better graphics...etc... I really don't understand 'dogecoin', and why I need it ?

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If you'd like to play with dogecoin, you either need to buy some, or mine it. Buying costs money. Mining can be done with hardware you currently have.

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I feel it is always important to note that mining it can actually be "more expensive" than buying it, depending on a lot of factors.  With a lot of crypto-currencies, you spend more money on electricity to mine the coins than the value of the coins you mined.  

 

If that is the case for you, maybe you should just buy some coins and cut your loses.

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Thank you for this information.  This 'mining' for 'dogecoin'  is NOT a wise use of my time.  My question to Fr. Robert Ballecer,. Is 'this' what most Jesuit Priest do in their "free" time ? (...mine for dogecoin...what "practical" use is the time invested ? ...just my opinion...)

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I think the idea was to introduce you to the world of crypto-currencies. Which is actually quite interesting, on several different levels. Dogecoin was just a fun one to pick. They pretty much all function some way.

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Neil Tsubota - There are a lot of "practical" uses for your free CPU cycles if you want to try something similarly technical.  Try something like Folding@Home or the SETI project.

 

Folding@Home is a distributed computing project hosted by Stanford that uses your spare CPU cycles to fold proteins and potentially discover cures for diseases like Alzheimers.  You can even join "teams" that are similar to the mining "pools" and compete with/against your fellow folders.  Personally, I'm a member of the PC Perspective team.

 

The SETI project is the search for extraterrestrial life.  You can help them analyze signals from space to determine if there is intelligent life somewhere on another planet.  I'm not as familiar with this project.

 

Maybe one of these more "noble" projects could be featured in a tip sometime.

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