If they aren't mining enough to cover electricity costs then they either live somewhere with really expensive electricity or have no clue what they are doing. I cover my electricity bill in 4 days of the month. The rest is profit.
We are trying our best to show that cryptocurrencies such as Dogecoin can actually do quite alot of good in the world. If you have "a newer protocol" that will be "more broadly accepted" and help more people, we are all ears.
Also..."Idiots to say the least"
Pretty strange tangent on a posting which has nothing to do with miners. Most Dogecoin miners autosell to Bitcoin to make money. They assuredly weren't donaters.
They are really trying to push dogecoin. Radeon cards for GPU mining are sold out low stock. Prices have gone up.
Coworkers of mine invested $40k into GPU mining setups. At the current rate they aren't evening mining enough to cover electricity costs.
Let alone paying off their initial investment which was a high interest loan.
Idiots to say the least...
Sorry to say I don't think dogecoin is going to skyrocket.
The future isn't dogecoin, nor bitcoin ever. I think I a newer protocol will raise from the ashes of bitcoin that's more broadly accepted.