How can I use Joomla's Cache with my components view?

Question

As is typically the case with a CMS, the most hits occur while it is still "new". I'd like to cache the page output the first time it is rendered for a given period as to reduce the heavy workload that is required to generate it.

I've been working from the JCache documentation, and have the basic mechanics worked out as shown here:

$cache = JFactory::getCache('MyCache', '');
$cache->setCaching(true);
$cache->setLifeTime(86400);  //24 hours
$cache_id = 'MyCache_page_123';
$cached_page= $cache->get($cache_id);
if (!empty($cached_page)) {
    $the_page_output = $cached_page;
}else{
    $the_page_output = ...<div>the generated view HTML</div>....
    $cache->store($the_page_output, $cache_id);
}
// echo or return "$the_page_output"

I'm stuck trying to determine where I should create the cache, then the "sweet spot" to use that cache before all the work begins again.

Answer 1

So far Google-searches make me presume that joomla caches your component automatically if you add display(true,...) to your controller's display method as in following example.
The example also includes some measurement code to check if it's working (JProfiler part).

public function display($cachable = false, $urlparams = array()) {
    $profiler = new JProfiler();//debug

    //Joomla cache only takes format, option, view, layout, tpl, language en id als default cache_id ($urlparams)
    $input  = new Jinput;
    $urlparams['comp_page_specific_id']=$input->getUInt('comp_specific_id');
    $urlparams['comp_page_specific_else']=$input->getUInt('comp_page_specific_else');

    parent::display(true, $urlparams);
    JFactory::getApplication()->enqueueMessage($profiler->mark( ' seconds with caching<br>Only works after someone has visited this page at least once.<br>Can be reset in backend.' ));//debug
}

• You have to manually set the $urlparams which define which component views need a different cache (urlparams = cache_id so to speak). And Joomla already takes care of common parameters such as format, option, view, layout, tpl, language en id.

• Also be aware that no updates will be done in your component. If you have a hit counter in your model, the number of hits will stay constant when a cached view is shown.

*Extra info: In joomla library's controller, it's the following line that calls the view cache and at the same time sets the cache if it wasn't yet:
$cache->get($view, 'display'); //689: legacy controller

(EDIT 2015-01-14: Added urlparams)
(EDIT 2015-01-15: Added code extra info)