Dogecoin (Doge) is a kind of tokens based, and has attracted many media attention in recent years. Due to so much attention and the sharp increase in value, many people are interested in investing in dogecoins. One way to make money is to mine DOGE. Just like other cryptocurrencies, mining plays an important role in helping network functions. In this article, I will discuss how to mine the dogecoin mining.

What is dogecoin mining?

Dogecoin is a distant Bitcoin branch, with several main differences in its source code. However, its mining process is similar to Bitcoin mining. Like Bitcoin, dogecoins are a decentralized cryptocurrency. The digital classification account is maintained by decentralized node network, not maintained by a single party. Therefore, no central entities can distribute cryptocurrencies to all parts of the world. Therefore, the distribution of tokens is designed in a decentralized manner.

Dogecoin is not a pre -mining. In this case, the entire Dogecoin stack will be created at one time before the network starts. Dogecoin is issued and published by the protocol -similar to Bitcoin. The receiver of the newly issued dogecoin is so -called miners. These important network participants are those who develop dogecoin blockchain and get DOGE rewards. The word mining is an analogy borrowed from the process of extracting precious metals from underground, because they also need to mine at the cost of labor and energy.

Dogecoin miners also generate costs and energy, but this is not the result of mining the ground to find precious metals. The energy for mining dogecoins will be used for special computer machines to provide motivation for processors in global competitions to solve mathematical problems. No matter which miner successfully resolved this problem first, and in the competition, he can add a new block to the blockchain and get the dogecoin reward in the so -called block reward. This mechanism has a generous rewarding miners to provide computing capabilities for the dogecoin network, thereby protecting the network to deal with the point -to -point transaction.

How does dogecoin mining work?

The mining process of dogecoins is very similar to the mining process of Bitcoin or other workload certificates (POW) blockchain. Miners tried to solve a calculation problem by using their computer's extension capabilities in the competition to add a new transaction block to the chain.

Miners' rewards for each solution to the block are 10,000 DOGE. Unlike Bitcoin mining, dogecoins do not use rewards in their current mining mechanism. However, halving is indeed applied to the early days of token operation. Before January 2015, the rewards of miners were halved very frequently -half of 100,000 blocks fell by half, and about half of about once every 69 days.

The last reward halved occurred in January 2015. The governance rules of tokens will not be halved after that date.

How to mine dogecoins?

There are three main types of mining methods for dogecoins:

1. Single -person mining

2. Add the mining pool

3. Use cloud mining provider

Each of these options has its own advantages, although due to the intensification of competition on the chain, there is no very strong mining mining of mining equipment.

1. Single -person mining

To make a dogecoin mining alone, you need to add the dogecoin network as a separate node and use your mining equipment to solve the transaction block. If you try to add a new block to the chain, you will get a 10,000 Doge mining reward without having to share it with anyone else. This is the main advantage of mining alone.

The main disadvantage of alternating dogecoins alone is that the rewards are not frequent and inconsistent. Independent miners and mining pool competition, mining pools are the entity that combines a large number of miners to solve the new blocks on the Internet. The comprehensive hash ability enjoyed by the mining pool makes independent miners at a disadvantage.

As an independent miner, if you do not have a powerful machine, you may never get block rewards. Even if you use powerful mining equipment, you may need to wait for several weeks or months to get block rewards.

2. Dogecoin mining pool

The dogecoin mining pool is a convenient and flexible alternative to mining. They bring together resources from multiple miners to increase the opportunity to solve the transaction block. When a member in the pool manages a block, the 10,000 Doge reward will be assigned to all pool participants.

Each member will receive a proportion of the proportional proportion of hash computing power contributed. Therefore, just like the situation of mining alone, it is worth it to have a strong rig as possible when joining the mining pool. The mining pool retains a small part of the reward, usually between 0.5% and 4%, and is used to provide their services.

For miners who do not have a powerful mining machine, the mining pool may be the only reality choice for rewards. Naturally, mining machines without strong hash capabilities may earn little in any mining pool. However, you will have at least some funds continue to flow in. In contrast, a separate mining without a high -end rig may cause any returns at all.

For miners with powerful machines, mining pool mining may be a good choice to earn rewards in a more stable way. Sometimes these miners can still succeed through separate mining. However, the mining pool represents a way to get a reward at a higher frequency, even in smaller bites.

Suppose a miner with a high -standard mining machine gets a complete block reward of 10,000 DOGE once a month. By joining the mining pool, they can continue to earn this amount at the same time at the same time.

In other words, joining the mining pool may not increase the overall profitability of your mining activities for a long time, but it will definitely make you more stable income.

Generally, the larger the pool you join, the more frequent your rewards.

3. Dogecoin cloud mining

The third choice of mining dogecoins is to use cloud mining providers. In the cloud mining mode, you only need to pay the service provider of your computing power and computing service provider for "rent" by month or year or year.

Cloud providers will mine cryptocurrencies for you and provide you with a mining profit share commensurate with the hash computing power you rent.

Cloud mining does not require you to have any mining equipment. Compared with a separate mining or mining pool mining, this is a great advantage. In essence, you only need to pay a fee, and you can expect to get positive returns from the cloud provider.

Of course, your income may fluctuate, depending on the difficulty of network activities and mining on the dogecoin chain. Although the cost you paid to the cloud mining provider is usually fixed, your return is usually variable.

The main disadvantage of dogecoin cloud mining is the lack of reliable service providers. Many cloud mining providers do not support dogecoin mining, but are more willing to focus on Bitcoin or Ethereum mining.

Dogecoin mining hardware

Regarding the hardware required for dogecoin mining, you have three main options in theory:

1. Use a computer's processor or central processor (CPU)

2. Use a computer's graphics card or graphics processing unit (GPU)

3. Use a special integrated circuit (ASIC) machine to use a computer designed for excavating cryptocurrencies

The most basic way to use CPU to mine dogecoins -mining dogecoins is to use the computer's CPU. However, by 2022, mining dogecoins with CPUs may be a difficult job even if it is a powerful CPU, and the chance of success is small. Although the mining of dogecoins is far lower than that of other leading POW currencies, competition between miners on the chain has increased in the past few years.

Theoretically, you can still use your CPU to mine dogecoins. However, most miners want to know how to make dogecoins profitably. Unfortunately, no CPU can be competent.

dogecoin mining through GPU -using machines equipped with powerful GPUs, your chances of success are much higher. However, fierce competition between miners has made GPU mining profits difficult. For example, one of the most powerful mining GPUs in the market, AMD Radeon VII will only make you balanced on revenue and expenditure -that is, according to the current estimation of dogecoin mining profitability, you can earn zero profits every day.

dogecoins are excavated through ASIC -using ASIC machines provide you with the best opportunity to profit from dogecoin mining. ASIC machines are a powerful computing system for the excavation of cryptocurrencies. Over the years, they have been very popular in Bitcoin mining.

Unfortunately, if you have a Bitcoin ASIC rig, you will not be able to use it for dogecoins. This is because Bitcoin and dogecoins use different hash algorithms. Bitcoin uses the SHA-256 algorithm, while dogecoins (similar to Litecoin) are based on the SCRYPT hash algorithm.

ASIC machines used for Litecoin mining are compatible with dogecoins. In fact, as you may have noticed, dogecoins are usually mined in combination with Wright coins.

Dogecoin mining software

After setting mining hardware, you need to download and use specific software to mine dogecoins. There are many software packages suitable for dogecoin mining. However, not all software packages support all three types of hardware -CPU, GPU and ASIC.

If you still insist on using CPU to mine out the increasingly outdated idea of dogecoins, then CPU Miner is one of the most commonly used software packages for this purpose. Another popular software EasyMiner supports CPU -based and GPU -based dogecoins.

Other popular dogecoin mining software packages are CGMiner, Multiminer and Cudo Miner. Until recently, CGMiner also supports GPU and ASIC mining. The latest version has now canceled its support for GPUs and is only applicable to ASIC machines. Multiminer is suitable for GPU and ASIC mining, while Cudo Miner supports all three hardware types -CPU, GPU and ASIC.

Dogecoin wallet

In addition to the necessary hardware and software, you also need a dogecoin wallet to receive and store your rewards.

If you prefer to use software wallets, Dogecoin provides its original wallet -Multidoge and Dogecoin Core. Other popular choices include Metamask, Trust Wallet, and Atomic Wallet. For those who like cold wallet safety, Trezor and Ledger, two leading hardware wallet manufacturers, support dogecoins.

Is it easier for dogecoins to mine?

Since 2014, dogecoins can be combined with other SCRYPT -based blockchains. Therefore, its hash has been strongly dependent on Litecoin miners for many years. With the enthusiasm of dogecoins in early 2021, this situation changed, when the cryptocurrency became one of the most profitable way of mining. It is not surprising that this has attracted many new miners who want to profit from this opportunity. Therefore, the computing power of dogecoins has increased significantly, even more than Litecoin.

Today, the hash rate of dogecoins is about half of Ethereum. This has caused CPU mining to become very inefficient. Mining with GPU is still possible and favorable. If the hash rate of dogecoins in the future has increased further, this may also change. ASIC mining machines will squeeze GPU mining machines out of the market because they provide a larger amount of hash rate at cheaper prices.

In short, we can summarize: Yes, even if there is a CPU, dogecoins are easy to mine. But in order to make a dogecoin profitable, the miner needs GPU, or the better is ASIC.

How to mine dogecoins

The following are the basic steps you need to follow:

Step 1: Buy mining hardware

Get mining hardware or check whether your CPU/GPU is suitable for mining. In order to mine the dogecoins, you need to be designed for ASIC miners designed for SCRYPT -based algorithms. These can be purchased from the official manufacturer or dealer. It is not uncommon to encounter bottlenecks.

Step 2: Install mining software/update driver

Download and install the corresponding software (CPU, GPU or ASIC) required for ASIC or CPU/GPU miners, and update your GPU driver when necessary.

Step 3: Join the mining pool

Add the appropriate mining pool by creating an account. Here you can check the top 5 dogecoin mining pool lists.

Step 4: Connect your device to the pool

After having a mining pool account, you must use this account to connect your mining machine to one of the servers of the mining pool. YouTube provides many tutorial videos to introduce how to use ASIC machines and GPU/CPUs to perform this operation for each mining pool. Examples of GPU and ASIC.

Step 5: Set the dogecoin wallet

In order to collect any income from block rewards, you need to register your payment address in your mining pool account. If you don't have a dogecoin wallet, then it's time to set your personal wallet. dogecoins provide official wallets, but many other wallets also provide dogecoins storage.

Step 6: Start mining

After all settings are completed, your mining pool account setting will monitor your hash rate, income and expenditure. Most mining pools will provide you with a dashboard or even an application to track your mining activities. Once you mine some dogecoins and receive your block reward, you can fulfill them into your personal wallet through your mining pool account.

FAQs:

Is the dogecoin worth mining?

In view of the huge profitability, Dogecoin mining began to make profits in 2021. The profitability calculator shows that since September 2021, the profit of the mining of the token has become higher and higher. It is recommended to use ASIC.

How long does it take to mine dogecoins?

It depends on mining equipment and mining pool computing power. However, a block provides 10,000 doge and it takes one minute to mine out one. Therefore, even in the mining pool, you can use 1 Doge in less than a minute.

Can I mine dogecoins?

dogecoins are a job proof of cryptocurrencies, which means you need a rig to mining. The best device for mining dogecoins is ASIC. You can make a profit by mining or cloud mining. Please refer to the list of miners we recommend.

Is it profitable for mining dogecoins?

Yes, according to most mining calculators, this coin is favorable. You can use Whattomine and other mining calculators to determine the profit of using different miners to mine dogecoins. Since September 2021, the mining of the token has been favorable.

How long does it take to mine 1,000 dogecoins?

A single dogecoin block rewarding 10,000 Doge, which can be mined in just one minute. Therefore, the mining time of 1,000 dogecoins is less than one minute. If you use ASIC mining, this is the case. The number of DOGEs excavated in each specific time depends on the hash rate of your machine or the hash rate rented on a cloud mining website.

The above is about how to mine dogecoin. One of the advantages of dogecoin is that it is easier to mine. But you should not expect dogecoin mining will generate huge profits. Even if the profit is small, the dogecoin mining is worth it, because many miners use dogecoins as an investment. Their idea is that they now collect coins and hope to profit when prices rising.