Community Owned ASICS | DogeCoin News

A couple of people now have proposed an idea where the Dogecoin community would crowd fund a couple of ASIC mining rigs. Mining Dogecoin is becoming less and less profitable as the block rewards diminish and the value stagnates — this means we will probably see a reduced network hash rate which makes us less secure. Through the use of community sponsored ASICs, the community could take matters into its own hands and secure the network. This essentially removes some of the power from the miners and gives it to the community. Additionally, the mined coins would be used to …