A meme coin called baby doge worth this risk? - page 2.

harizen

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Quote from: MidNite36 on September 23, 2022, 08:09:15 AM

I can't mine ETH or any other coins right now but I do find a way that might look good but bad to many, I can mine a meme coin called Baby Doge, I can get 609,000,000 of this token per day but that's because the max supply of the project is enormous, what do you think about Baby Doge, some time back there are a lot of noise about this project, any believer here?

The fact that you have mentioned "some time back there was a lot of noise about this project", and currently seems there's no buzz right now, you should already know what to do. You also mentioned that it might good look but bad to others.

If I will give my own view, definitely no. Not worth my time.

If it's worth your time, only you can answer that. What's the result of your DYOR about that project? From there, decide.

coinerer

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Quote from: MidNite36 on September 23, 2022, 08:09:15 AM

I can't mine ETH or any other coins right now but I do find a way that might look good but bad to many, I can mine a meme coin called Baby Doge, I can get 609,000,000 of this token per day but that's because the max supply of the project is enormous, what do you think about Baby Doge, some time back there are a lot of noise about this project, any believer here?

I don’t think it can bring any profit for you. did you bought baby doge ane stake that token for mining or you mine freely? and where you mine this token? if you mine freely 609,000,000 everyday then it is not bad coz its worth of $0.73. you can get $21 each month from here. but if you need to deposit any asset for mining baby doge then i will tell it will not bring anything good for you

Yamifoud

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Quote from: TastyChillySauce00 on September 24, 2022, 05:36:35 AM

Quote from: Jaered on September 23, 2022, 05:01:57 PM

I guess the mining software is a certain beauty named Unmineable, right? If it is, then you are good. By the way, Baby Doge had a certain pump earlier this year, hope you caught that particular pump. I don't usually hodl meme coins for obvious reasons. Maybe you can try it

My first time to heard this token can be mined lol. i guess if OP was joking about mining this token caused by the supply was actually fixed like shiba inu and it can't be mined. I can't even believe with what he said above even if this already confirmed by baby doge's admin if that was not able to be mined caused by it was POS or fixed supply of token. I guess if op was joking about mining it. That's true.

I was surprised as well. I'm not really sure if OP is really engaged in mining but never mind it coz I see that OP just wanted to mine shitcoins because it gives him a huge amount of useless tokens. Because when hearing baby Doge, I was already thinking about Dogecoin and this another meme coin or shitcoin Baby Doge, I'd see no different from the mother coin (Dogecoin). I'm not sure if OP have done with the research but I think, he's not doing this to make himself profitable but a way to trick people.

ultrloa

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Quote from: MidNite36 on September 23, 2022, 08:09:15 AM

I can't mine ETH or any other coins right now but I do find a way that might look good but bad to many, I can mine a meme coin called Baby Doge, I can get 609,000,000 of this token per day but that's because the max supply of the project is enormous, what do you think about Baby Doge, some time back there are a lot of noise about this project, any believer here?

If you can mine it using your hardware then try this one because who knows you can get a lot of profit if the devs seriously create big hype on that token. But if before you acquire it you need to spend another money from your pocket then its not worth to try since as you said the supply is enormous so provably you cannot get huge profit on it and might this is just another scam created by dev which ride the fame of doge coin.

TastyChillySauce00

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Quote from: Jaered on September 23, 2022, 05:01:57 PM

I guess the mining software is a certain beauty named Unmineable, right? If it is, then you are good. By the way, Baby Doge had a certain pump earlier this year, hope you caught that particular pump. I don't usually hodl meme coins for obvious reasons. Maybe you can try it

My first time to heard this token can be mined lol. i guess if OP was joking about mining this token caused by the supply was actually fixed like shiba inu and it can't be mined. I can't even believe with what he said above even if this already confirmed by baby doge's admin if that was not able to be mined caused by it was POS or fixed supply of token. I guess if op was joking about mining it. That's true.

tjtonmoy

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meme coins are trash. They are kind of a scam. All those things you hear about these projects are all paid promotions.
They will spend some money to make the project grow and then they will do a scam called pyramid scam.
Pump the token, let people buy to pump it more. then sell all you have. that's how they do it.
so i don't think meme coins have any value

traderethereum

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I don't know if mining Baby Doge as meme coins is a good decision or if you should look for other coins because it depends on your hardware.
There may still be coins you can mine instead of Mining Baby Doge but if you really want to continue, you can do it anyway.
Apart from that, I also don't know if Baby Doge has a chance to increase in the future or if it will disappear from the market after the meme coin trend ends because that will depend on the market itself.
Maybe you can keep trying to mine it for a month while seeing the potential of the meme coin and if it's not profitable, you're better off looking for another coin.

Crypt0Gore

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Baby Doge might be relinquished in this bear market, we haven't seen anything yet, I believe that this present bear market is still the tip of the iceberg, a menace is coming that will make many people lose their cool, the fear and greed index will be at extreme fear and many will quit, many projects will die too, mine better coins and avoid wasting your time.

danherbias07

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You are asking if there's a chance it could be more valuable in the future. The answer is straight no. It's not even a dust coin, it's pure poop.
Don't look for projects that were named after the hype of Doge or maybe anything about dogs. You will just be wasting time, effort, and electricity.
The noise back then was gone and investors realized that it won't be an asset worth keeping.
I'd try to search for others but stay away from the hyped one, but if you are forced to do so and there's still value, be sure to sell quick.

bounceback

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BabyDoge is a shitcoin imitating the original meme coin Dogecoin and they launched BabyDoge just to take advantage of the hype momentum from Dogecoin and note now that the BabyDoge coin meme is so pathetic to survive in the bear market that mining with it is not the right choice because the rewards you get are certainly not worth the expense that you have to spend to pay for the electricity consumed by your mining machine.

bittick

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I don't think investing in meme coins right now is a good idea if coins like matic, eth, and bnb is already such a good investments nowadays considering meme coins right now seems kinda lacking in term of trend, it's nowhere near the meme coins like before where it could literally increase its value rather easily right now most meme coins are just stuck, no shill coming from elon which could means that the meme coin right now is pretty much dead.

Shasha80

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Another meme token with a doge name on it? Not worth it at all.
There’s a lot of meme token before with the same name and look at them now, they at the worst situation and many turned into a scam project. If you don’t want to lose money better to stag away from those kind of meme tokens.

From the selection of project names by taking advantage of Dogecoin's popularity, it can be seen that Baby Doge wants to get investors attention.
Even though naming the project as if it wants to be seen as having something to do with Dogecoin, when in reality it is not like that. This has shown
dishonesty and misled some people. So projects like Baby Doge won't last long. I'm sure it will end up being a scam in the end. My advice is to avoid
taking risks mining Baby Doge, rather than spending our time and money on a Baby Doge which is likely to end up only making us regret it. Why don't
we invest and mine potential projects, because there are many other projects that are better than Baby Doge. All meme coins have no clear use,
so forcing investment or mining meme coins in my opinion is not worth doing. Moreover, as you said, a lot of meme coins that use the name Doge end up
being a scam, so why do we do something high risk like that.

wheelz1200

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Quote from: MidNite36 on September 23, 2022, 08:09:15 AM

I can't mine ETH or any other coins right now but I do find a way that might look good but bad to many, I can mine a meme coin called Baby Doge, I can get 609,000,000 of this token per day but that's because the max supply of the project is enormous, what do you think about Baby Doge, some time back there are a lot of noise about this project, any believer here?

Mining coins versus buying coins is majorly different. As far as .inning this coin just look at the profitability of it. I guess it will be a little different if you want to hold it but for the most part miners sell off the coins they mine. So if it's profitable and liquid yeah mine it, if not then don't. It's pretty simple.

Jaered

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I guess the mining software is a certain beauty named Unmineable, right? If it is, then you are good. By the way, Baby Doge had a certain pump earlier this year, hope you caught that particular pump. I don't usually hodl meme coins for obvious reasons. Maybe you can try it

Mahanton

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Quote from: MidNite36 on September 23, 2022, 08:09:15 AM

I can't mine ETH or any other coins right now but I do find a way that might look good but bad to many, I can mine a meme coin called Baby Doge, I can get 609,000,000 of this token per day but that's because the max supply of the project is enormous, what do you think about Baby Doge, some time back there are a lot of noise about this project, any believer here?

As long it could give out make some profits then it wouldnt be bad to have those kind of considerations on mining them.Its your miner then it would be totally depending on your decision whether you would proceed out
or not.IF you do find it beneficial or profitable then why not? We are all here for profit which is a casual thing to have which it would be understandable that we would really be seeking on something which could
give out those kind of chances.Meme coins or mining them arent really that requiring too big hashpower.Its up to you if you could bare up with the risk with those
resources on just mining babydoge.

Russlenat

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Based on reviews about the said coin, the project isn't reliable and not worth our trust. It's just going with the hype of Dogecoin and taking advantage of it hoping that they can gain the same popularity that Doge has. Any coin being related to meme coins as for me isn't reliable and they're something that we should get rid of. We all know that not all meme coins especially the new ones could survive the current market situation that we have.

Meme coins will always be shitcoins in the end, and there have no changes from the start. Although there are some meme coins that made exceptional profits at the start, but obviously they fail to sustain it for long. The reason why investing or mining meme coins are not advisable as it could only result more into losses than yielding profits. If possible, always DYOR first before creating decisions. That way, you will never fall mining such meme coins with no bright future.

Jating

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Quote from: MidNite36 on September 23, 2022, 08:09:15 AM

I can't mine ETH or any other coins right now but I do find a way that might look good but bad to many, I can mine a meme coin called Baby Doge, I can get 609,000,000 of this token per day but that's because the max supply of the project is enormous, what do you think about Baby Doge, some time back there are a lot of noise about this project, any believer here?

It's really up to you mate, I think you already know what are the risk of getting meme coins.

1. as a meme coin, Baby Doge, might and might not go to the moon in the next bull run
2. could be used by some for pure pump and dump scheme.

So who knows, it might be worth a try or it will literally go to 0, it's your choice as it's difficult to give a financial advise here.

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Quote from: Kelvinid on September 23, 2022, 08:17:25 AM

Then, have you even think what you can do this Baby Doge? Does it give you profit every day?
Don't say that it gives you profit because if that really happens, in that number, that was a huge amount of money. But guess what, it was just a number, I also receive millions of tokens for a certain project but never have the chance to sell them and make money from it. It is actually a waste of time mining shitcoins. You'd rather open your eyes and see the reality. I'm not accusing this project is a scam but my mind telling me to stay away from this project.

Do not let yourself a victim of another shitcoin that will only be hyped in the beginning and end up losing its value in the market. Just like dogecoin, a lot made profits in the start but eventually as the time goes, dogecoin loses its hype and so its value, and most likely those who made profits in the start are already experiencing losses by now. I suggest you avoid this project as much as possible and just learn to invest in other established altcoins instead.

Jackl87

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Quote from: MidNite36 on September 23, 2022, 08:09:15 AM

I can't mine ETH or any other coins right now but I do find a way that might look good but bad to many, I can mine a meme coin called Baby Doge, I can get 609,000,000 of this token per day but that's because the max supply of the project is enormous, what do you think about Baby Doge, some time back there are a lot of noise about this project, any believer here?

Well if you don't have any other option to mine, then why should you not try to mine this coin? I am not sure though if Baby Doge is really a proof of Work coin because according to coinmarketcap it uses a proof of stake consensus mechanism. If a coin is mineable there should be a profitability calculator somewhere on the internet and there you can check if you make profit with that coin. If you already have the hardware and you make more profit from mining then the electricity will cost you, then i think you can do nothing wrong.
I don't think though, that BabyDoge has a future. It's a useless shit-coin after all.
I would probably just use Nicehash i think. That way you are always using the most profitable algorithm for your hardware.

livingfree

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Whether it's a meme coin or not, is it worth for the consumption of your electricity and with the profit that you're making? If you're about to pay electricity, do you think that you can hold on to that token until you sell it for profit?

Miners nowadays are still looking for a coin where they're profitable. It's hard to look at it for the moment but I think after a couple of months, there will be a few discoveries where your hash power could really make a decent per day.

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