Prohashing takes 1% of dogecoins off the market

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Steve Sokolowski
Posts: 4585
Joined: Wed Aug 27, 2014 3:27 pm
Location: State College, PA

Prohashing takes 1% of dogecoins off the market

Post by Steve Sokolowski » Thu Sep 02, 2021 1:54 pm

Prohashing has been mining dogecoins for years, and recently, the coin has become one of the pool's most profitable to mine. Previously, Prohashing exchanged all dogecoins (and other coins) for bitcoins and dollars, which were then used to pay customers and vendors.

With Robinhood gaining 64% of its cryptocurrency business in dogecoins, far more than any other coin, we changed the pool's behavior yesterday to stop selling dogecoins. Now, the only times dogecoins will be sold are when we have have poor dogecoin luck and need money to pay customers who are owed other coins. Having found 14 blocks yesterday, this change has the effect of taking 1% of the dogecoin network's mined blocks off the market.

It's strange to think that a coin that was created as a joke has such a bright future!
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Banished_Privateer
Posts: 78
Joined: Wed Feb 10, 2021 6:49 am

Re: Prohashing takes 1% of dogecoins off the market

Post by Banished_Privateer » Thu Sep 02, 2021 3:03 pm

I've been happily mining Dogecoin on Prohashing even since February :) I mean... mining ETH and getting paid in Doge ;)
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-MaVerick-
Posts: 137
Joined: Wed May 12, 2021 3:12 pm
Location: Germany

Re: Prohashing takes 1% of dogecoins off the market

Post by -MaVerick- » Thu Sep 02, 2021 4:10 pm

Banished_Privateer wrote: Thu Sep 02, 2021 3:03 pm I've been happily mining Dogecoin on Prohashing even since February :) I mean... mining ETH and getting paid in Doge ;)
Can't go wrong with Doge :D But watch out how you put things when talking on Dogecoin Reddit. Some hardcore purist Miner there will jump on that and tell you how wrong you are with everything. Had some...interesting conversation there when using the wrong wording. I still love it there, Dogecoin got a nice community.

Speaking of Reddit, Prohashing doesn't have a Subreddit there, does it?
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Mastermind007
Posts: 109
Joined: Wed Aug 25, 2021 2:02 pm

Re: Prohashing takes 1% of dogecoins off the market

Post by Mastermind007 » Thu Sep 02, 2021 4:21 pm

Doge is great. I mined it for a long time. It was the underdog, no pun intended, ok well maybe a little pun. I think the more people made fun of it the more folks like us backed it.
Sumoblei
Posts: 64
Joined: Sat May 29, 2021 8:34 am

Re: Prohashing takes 1% of dogecoins off the market

Post by Sumoblei » Thu Sep 02, 2021 5:39 pm

I just want my doge out of RH's pocket asap :(
Sumoblei
Posts: 64
Joined: Sat May 29, 2021 8:34 am

Re: Prohashing takes 1% of dogecoins off the market

Post by Sumoblei » Thu Sep 02, 2021 10:17 pm

Steve Sokolowski wrote: Thu Sep 02, 2021 1:54 pm Prohashing has been mining dogecoins for years, and recently, the coin has become one of the pool's most profitable to mine. Previously, Prohashing exchanged all dogecoins (and other coins) for bitcoins and dollars, which were then used to pay customers and vendors.

With Robinhood gaining 64% of its cryptocurrency business in dogecoins, far more than any other coin, we changed the pool's behavior yesterday to stop selling dogecoins. Now, the only times dogecoins will be sold are when we have have poor dogecoin luck and need money to pay customers who are owed other coins. Having found 14 blocks yesterday, this change has the effect of taking 1% of the dogecoin network's mined blocks off the market.

It's strange to think that a coin that was created as a joke has such a bright future!
Are you saying our pool found 14 blocks?
jreysack
Posts: 40
Joined: Sun Jul 04, 2021 5:08 pm

Re: Prohashing takes 1% of dogecoins off the market

Post by jreysack » Fri Sep 03, 2021 9:34 pm

Sumoblei wrote: Thu Sep 02, 2021 5:39 pm I just want my doge out of RH's pocket asap :(
sell them and buy it on coinbase or binance/u.s. site.
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