The ongoing arms race in the development of Application-Specific Integrated Circuits (ASICs) has not just led to mining at an increasing scale.
Investments can be held for any period of time, ranging from just seconds to decades. The length of this period is referred to as time horizon.
The latest addition to Dogeconomist is the category “Personal Finance” and will include anything that revolves around individual financial management. Obtaining monetary resources is the starting point.
Proof of Work mining, such as implemented for Bitcoin, Litecoin and Dogecoin, is an extremely competitive process by nature.
With Dogecoin‘s hashrate dropping fast, the community is looking at ASIC miners to secure the coin’s future.