Economies of scale are an important concept in Proof of Work (PoW) mining.
As of today, Dogeconomist will be rebranding to Digiconomist.
California legalizes Bitcoin and other virtual currencies, while Scrypt coins such as Litecoin and Dogecoin are taking heavy hits as new ASIC miners arrive.
With the start of the third quarter in 2014, new Scrypt ASIC miners will start being delivered soon.
Two years ago the price of a single Bitcoin was at $7, today it is at about $625. A two year investment in Bitcoin would therefore have yielded a staggering compound return of 20.5 percent per month.