August 5, 2021

Beginner’s Guide to Dogecoin (DOGE) Mining

10 min read

Dogecoin has never been out of favor or unimportant– however we think it wouldn’t be a stretch to state that the coin has actually been on everybody’s mind recently, even more so than usual. Some individuals utilized the hype to sell off their DOGE, some lastly chosen to buy it up, and if you’re reading this, you’re most likely thinking about mining it.

In this text, you will find out how you can mine DOGE, what hardware and software you will require, for how long mining Dogecoin takes, whether it’s still successful, and more.

If you want to find out more about crypto mining in general, you can read our comprehensive guide on it here. Now, let’s get to the main topic of this short article– DOGE mining!

What Is Dogecoin Mining?

doge miner
Source: Crypto Line News To mine DOGE indicates to confirm transactions on the Dogecoin blockchain– and be rewarded for it with the coin itself. Don’t be tricked by the picture above– it does not include going down to the mines and, regrettably, it won’t turn you into a charming shiba inu. Even so, you can still have fun and make some money when mining DOGE.

One note prior to we go on– don’t forget to get a protected Dogecoin-compatible crypto wallet before you begin mining DOGE. We suggest utilizing hardware wallets, like Trezor or Ledger.

Read likewise: Dogecoin Price Prediction for 2021 and Beyond

Mining Comparison

Let’s compare Dogecoin to Bitcoin, the most popular cryptocurrency, and Litecoin, another popular crypto that utilizes the very same algorithm as DOGE.

Dogecoin has much faster block verification time than Bitcoin and Litecoin. Dogecoin likewise has a greater reward per block, however a much lower coin cost than the other two coins. LTC and DOGE both utilize the Scrypt algorithm, which is quicker and needs a lot less power than SHA-256, the algorithm utilized by Bitcoin. As an outcome, mining Dogecoin (and Litecoin) is a lot less resource-intensive than Bitcoin. Additionally, Elon Musk has recently mentioned that he’s been working together with DOGE developers to make mining the cryptocurrency a lot more efficient and sustainable.

Finally, mining Dogecoin and Litecoin is a lot– and we imply a lot — easier than mining Bitcoin, so you are most likely to get block benefits when mining these 2 cryptocurrencies.

DOGE LTC BTC
Algorithm Scrypt Scrypt SHA-256
Block Time 1 min 2.5 mins 10 mins
Reward per block 10 000 25 12.5
Rate* $0.2724 $134.65 $34,554.25
Difficulty 2798252.1991 6802626.0955 3511060552899.72
* on 25/06/21, when this article was composed

Is Mining Dogecoin Profitable?

The success of Dogecoin mining mainly depends on how you mine it. Usually speaking, it’s a better idea to mine DOGE in a pool rather than solo.

Among the elements that impact how profitable mining a cryptocurrency is its supply. Dogecoin utilized to have a minimal supply of 100 billion coins, however all of those initial coins have currently been mined by mid-2015. From that year onwards, 5 billion Dogecoins have been taken into blood circulation every 12 months. As an outcome, considering that the supply is rather limited, yet the coin remains in terrific demand, it can be rewarding to mine it.

To determine the profitability of mining a cryptocurrency, one has to consider the expenses – – the cost of equipment, electricity costs, and so on. You can utilize one of the numerous Dogecoin mining calculators offered online for free to learn the possible earnings you can get daily.

dogecoin calculator
Source: Coinwarz Can You Still Mine Dogecoin? Well … Technically, yes, you can, but a much better concern to ask would be “should I mine Dogecoin?”. If you simply wish to get some DOGE, it’s much better to buy it. In fact, purchasing would most likely be the much better option if you’re after profit, too. That stated, Dogecoin mining can still pay if done correctly. Continue reading to learn how you can mine Dogecoin and earn money along the method.

How to Mine Dogecoin

Dogecoin was constructed on the Scrypt algorithm, just like Litecoin and a few hundred more cryptocurrencies. Due to the fact that of this, DOGE can only be mined using Scrypt ASICs.

As Dogecoin utilizes the Scrypt algorithm, it is fairly energy-efficient to mine. Due to the fact that of this, you don’t have to own an equivalent of a nuclear collider to be able to mine it– you can do it on your own personal computer. DOGE has actually constantly been about bringing the neighborhood together, so it makes good sense that mining it needs to be as available as possible.

The problem of Dogecoin mining ramps up with time. Since DOGE is a Scrypt cryptocurrency, some miners likewise my own Litecoin (LTC), Viacoin (VIA), and other coins that use the same algorithm to turn in more revenues. If that doesn’t seem like something you wish to attempt, there’s another simple method to generate income mining Dogecoin: mining swimming pools.

Read likewise: DOGE Mining Pools

Dogecoin Mining: Solo vs Pool

As we have actually mentioned previously, it’s easier to make a profit when you mine Dogecoin in a swimming pool vs solo. But what does it indicate to mine crypto solo?

When you my own Dogecoin solo, it indicates you offer all the required hashing power yourself– and you are likewise the only benefactor when validating blocks. Naturally, this is a lot more lengthy and power-demanding than pooled mining, and, as a result, less rewarding. Unless you have a big mining operation going, or want to arrange one, we would encourage against solo Dogecoin mining. Obviously, if you don’t mine Dogecoin for profit, you can still try solo mining– but expect to lose money rather than make it.

Pooled mining is the reverse of solo mining– instead of taking on all the costs yourself, you share them with other miners. Obviously, you’ll have to share the rewards, too, but if you’re just trying to find a fast or steady long-term revenue, pooled mining is the way to go. Mining swimming pools allow numerous people to combine their hashing power, with block benefits being shared proportionally to everyone’s contribution once a block is finished.

What You Need to Start Mining Dogecoin

You do not need much to start mining Dogecoin:

  • A safe DOGE crypto wallet
  • A computer with either macOS, Windows, or Linux running system
  • An Internet connection

With the fundamentals covered, you can start thinking of getting the rest of the devices you’ll require to actually start Dogecoin mining.

Dogecoin Mining Hardware

There are 3 types of hardware you can mine Dogecoin with.

  1. GPU

GPUs, or graphic cards, are widely known for being used in mining. They are utilized to play computer game, too, so often supply can run low, bumping the prices up. Nevertheless, since DOGE does not need that much computing power, you don’t need to get one of the expensive most current designs– a simple and fairly inexpensive Nvidia GeForce GTX 1060 will do.

  1. CPU

If you have an excellent PC and do not want to spend extra money, you can constantly utilize your currently existing CPU to mine Dogecoin. Nevertheless, we would encourage against that, since although DOGE isn’t resource-intensive like Bitcoin, it can still cause your CPU to overheat, causing damage.

  1. ASIC

As we have actually discussed formerly, you will require a Scrypt-compatible ASIC to mine Dogecoin. This way of mining is very effective, however ASIC miners are costly, loud, need a great deal of resources, and can get really hot, so handling them can be hard. If you want to get a good Dogecoin ASIC miner without breaking the bank, we can advise using Innosilicon A2 Terminator.

Dogecoin Mining Software

So, you have chosen the hardware you are going to utilize to mine Dogecoin. No matter what you’ve set your sights on, ASICs, GPUs, or CPUs, to in fact mine DOGE, you will also require proper software.

Here is the software application you can utilize with each kind of mining hardware:

  1. GPU

GPUs allow you to use one of the best mining software application for newbies– EasyMiner. It supports both NVIDIA and AMD GPUs (along with Dogecoin ASIC miners), and has a very beginner-friendly user interface.

  1. CPU

With CPUs, you can use complimentary software application like cpuminer.

  1. ASIC

Most Dogecoin ASIC miners include built-in software these days, but you can also utilize EasyMiner as we have actually pointed out above.

Dogecoin Cloud Mining

Cloud mining is arguably the most convenient method to mine DOGE. It permits you to do your Dogecoin mining online. You don’t have to buy or perhaps care for any mining equipment– you simply lease it from someone else without ever actually seeing that devices. Essentially, you just pay a large data center to get a cut of the benefits from one of their mining rigs.

While cloud mining is simple and economical, it can be rather risky. Typically, you sign an agreement to rent the devices– it can last anywhere from 1 month to 1 year. And if the cost of Dogecoin falls right after you sign the agreement, you will still have to pay your rent– and it’s possible that you will make a loss rather of a revenue.

The length of time Does It Take to Mine 1 Dogecoin?

Dogecoin has a reasonably brief block time– the time it takes to create the next block in the chain. It is equal to 1 minute.

How Many Dogecoin Can You Mine in a Day?

It’s difficult to tell. The number of Dogecoin you can mine daily will depend upon your mining hashrate, which depends upon your computing power and Internet connection.

Can I Mine Dogecoin on My Phone?

Dogecoin mining on your phone is possible however pointless. The mining hashrate will be so low that it will be essentially impossible to get anything. That said, if you want to attempt it anyhow, there are some methods to do it.

How to Mine Dogecoin on Android

As we have stated, it is essentially difficult to mine Dogecoin on your phone. Although there are some mobile mining programs out there, we would recommend versus using them– they can overheat your phone and cause damage to it. What you can do instead is play a fun remote control video game like Dogeminer.

How to Mine Dogecoin on iPhone

Whatever that we’ve said above applies to iPhones, too. One more thing: do not trust apps that declare they will provide you totally free Dogecoin. The only thing they can give you for free is infections and scams.

Can I Mine Dogecoin on My PC?

You can mine Dogecoin using Mac, Windows, or Linux. Let’s take a look at how you can mine DOGE on the very first 2.

How to Mine Dogecoin on Mac

You will need an extremely powerful GPU to mine Dogecoin on your Mac. Nevertheless, even if you do get one, you are extremely not likely to make a profit. In addition, your Mac likely will not feel too excellent after you utilize it for mining DOGE– they get too hot easily, which causes damage to your device. The best way to mine Dogecoin on Mac would be using it to sign a cloud mining contract.

How to Mine Dogecoin on Windows

Dogecoin mining on Windows is the most ideal method to mine this cryptocurrency. Simply get a stable Internet connection, a DOGE wallet, proper software and hardware, and you’re all set.

Conclusion

Mining DOGE isn’t hard, but it is (fairly) resource-intensive and requires some preparation. That said, most people do not mine Dogecoin for earnings or to get the coin– they do it for the fantastic community. Dogecoin has actually constantly had to do with having a good time, either by yourself or together with others. However, it is still profitable when mined properly– just ensure to comprehend what you’re getting associated with before you buy a $5k GPU.

If you aren’t after earnings however just wish to get some Dogecoins, you can buy DOGE on our fiat-to-crypto marketplace rather!