A meme coin called baby doge worth this risk? - page 3.

serjent05

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Not a believer of meme coin here but if you think that it is worth mining baby doge then go for it. As far as I know, this meme coin is over a year old and had its ATH way back in January of 2022, and now is just around 10x of its original price. Considering that it is a bear market, I can see potential growth when the bull market comes.

Quote from: tvplus006 on September 23, 2022, 02:45:33 PM

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

At the current price, your daily income is $0.71, but I do not know what mining costs you incur at the same time. But anyway, this is a very small income, and if it is not critical for you, you need to hold the coins until the next pump, at which you need to sell them. And then switch your equipment to mining another coin.

It is indeed too minimal but I think OP is thinking of possible hype in the future. I a shitcoin world, anything can be multiples 100x to 1000x when a certain whale group decided to choose that shitcoin to pump. A token in $0.000000001124 price can easily kill several zeros when a hype come by. I don't like meme coins but that is how the meme market behavior I observed in years of watching the altcoin market.

tvplus006

legendary

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To the Moon

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

At the current price, your daily income is $0.71, but I do not know what mining costs you incur at the same time. But anyway, this is a very small income, and if it is not critical for you, you need to hold the coins until the next pump, at which you need to sell them. And then switch your equipment to mining another coin.

Outhue

sr. member

Activity: 686

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If meme coins are the only option left for a miner which I don't think so then Shiba inu is the best answer, I am sure that this project will live through the bad times of crypto space.

bitcampaign

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i hate to see his wild promotions on twitter about getting listed on binance it's like a public lie many twitters do in the name of babydoge, i'm still wondering what's the draw of such a huge supply that it looks like garbage piled up in my opinion, if i were you maybe I will buy Dogecoin then pay in installments to put it in my bag instead of buying other meme tokens

ethereumhunter

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Can you mine Shiba Inu with your hardware? If you can, maybe mining Shiba Inu can give you profit. I do not know how good Baby Doge but I prefer to mine Shiba Inu Grin

Baby Doge is like the other meme tokens wanting to increase popularity in the meme tokens trends. And like the other meme tokens, that project wants to attract many investors to invest in their project.

Or you can try to mine RVN or ETC Grin

Some friends said they moved to mine ETC when they could not mine ETH.

posi

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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?

Why can't you mine other coins, a lot of people switched to mining ETC, RVN, ETHW... after the end of the merge. If you want to own babydoge token, you can spend some money to buy it for fun and wait for your luck. There is no point in mining shitcoins that have no usecase and can disappear at any moment. There will be a lot to lose to you if babydoge dies, with the unpredictable meme its death will never warn you to prepare. Meme is the riskiest coin on the market, it's not worth the investment let alone mine it.

Rizzrack

copper member

Activity: 783

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

I can mine a meme coin called Baby Doge, I can get 609,000,000 of this token per day

That means $0.7 per day. I would assume the used electric power is more expensive.
It's ATH was 4X today's price and may never revisit it unless "someone" tweets about it.

Bought $100 of a meme shitcoin last year Chihua Token. Now the bag is worth $1 Cheesy

and can't really say I'm surprised.

Will definitely be a learning experience but regarding profits I don't think so.

Would be better off to DCA some BTC but hey, you do you dude ! Wink

Beparanf

hero member

Activity: 2954

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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 better to invest your mining power on something that has determined value for a long time rather than on a mere meme coin that you don’t know if the price will still have value or worthless in the future. There are still some tokens that can be mine alternatively to ETH with good marketcap like RVN and ETC which is a great alternative for PoW mining. This token has been running for a long time that you can guarantee that your mining power consumption will always be paid properly by good profit.

Johnyz

full member

Activity: 2086

Merit: 193

Meme tokens are not the good option right now, the market is down and many meme tokens won't survive this bear.
Yes you can mine that token but it doesn't mean you should mine it, better to look for a more profitable coins/tokens where you can maximize your resources and waste no time. Any name related to DOGE is just a useless meme token, I don't see any good reason for me to try it.

yazher

hero member

Activity: 2268

Merit: 588

You own the pen

You can try it for yourself but you may as well consider reading their roadmaps and joining their social media group to see how really active they are and you decide if you will gonna continue what you're doing because if they aren't really that active, you only wasting your time here and maybe wasting some resources too because mining altcoins nowadays costs too much electricity. You really need to think twice because you may as well broke your computers because of the overheating and other causes.

Kelvinid

sr. member

Activity: 2828

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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.

MidNite36

member

Activity: 208

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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?

Topic: A meme coin called baby doge worth this risk? - page 3. (Read 432 times)