![]() Was almost certainly the main driver in Dogecoin's rapid rise to crypto stardom. The name Dogecoin echoed throughout dark corners of the internet. ![]() In online crypto circles, Dogecoin became popular very quickly. Both got about $5,000 of Dogecoin.Īnd that's all the Dogecoin either man would ever own. Markus split what he'd mined 50-50 with Palmer and that was that. But given the the nature of mining (which gets increasingly difficult as the currency is mined) Billy's computer was no longer powerful enough to mine Dogecoin after about five minutes. PC, with two graphics cards, so he was officially the first person to mine Dogecoin. "We thought it was this big joke that would die off," laughs Palmer.Īnd according to Markus, Palmer wasn't even sure how to mine a cryptocurrency. Because they weren't serious about launching a cryptocurrency. Almost everyone serious about launching a cryptocurrency does this.īut Markus and Palmer didn't premine any Dogecoin. Premining: the act of gathering cryptocurrency before launching your coin into the public domain. He changed the font (to comic sans of course) and changed every mention of the word 'mine' to 'dig' (because dogs don't mine, they dig.).Īnd then, during his lunch break, Markus set Dogecoin live. (Dogecoin is already close to being mined out, while bitcoin's final coin will be mined in 2140.) ![]() For example, Markus created 100 billion dogecoins (as opposed to bitcoin's 21 million) and made them easier to mine. Markus freely admits to finding large chunks of bitcoin's source code completely incomprehensible, but knew enough to change a few core elements for Dogecoin. It's almost trivial to create a new cryptocurrency."Ĭtrl+F 'Bitcoin,' replace with 'Dogecoin.' "Dogecoin," says Markus, "from 'that seems like it's funny' to actually doing it, took about three hours. When Palmer didn't immediately respond to Markus' offer to help build Dogecoin, he started working on it anyway. Alain Pitton/NurPhoto via Getty Images Ctrl+F bitcoin
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