Post
Topic
Board Altcoin Discussion
Re: The time of Dogecoin is nigh
by
rebel24
on 10/10/2014, 08:06:06 UTC
Quote

Dogecoin has a strong community that's for sure Smiley

Ok so merge-mining is a plus point...  If I am correct this means that

You believe: People want Dogecoin, and mining LTC is an added bonus.
Maybe the world believes: Dogecoin is a bonus system for mining LTC so while it's around I will mine LTC through Dogecoin until it is worth shit.

If the second applies Dogecoin will forever be bound to the LTC and breaking loose will be a problem.


Dogecoin is not bound to litecoin, it is only bound to the scrypt algorithm and offers opportunity to any major coin mining the scrypt algorithm. A better way of looking at it is- every smart pool that mines for BTC, also mines for namecoin. Why? They have nothing to lose and gain a little extra.
The same applies for mining Dogecoin while mining for litecoin.

One important note that (that favors Dogecoin) is that, if Dogecoin ever supercedes litecoin, litecoins hashrate can fall and it can die out. This can never happen to Dogecoin as long as there are scrypt miners (as anyone mining script can also try to solve Dogecoin's block and thereby also be mining Doge, increasing its hashrate and securing its network)