What Mining Algorithm Does Dogecoin Use

Dogecoin has never been unpopular or irrelevant, simply we recall it wouldn’t be a stretch to say that the money has been on everyone’south mind lately, fifty-fifty more so than usual. Some people used the hype to sell off their DOGE, some finally decided to buy it up, and if you lot’re reading this, you’re probably because mining it.

After reading this text, you volition know how to mine DOGE, what hardware and software yous volition need, how long mining Dogecoin takes, whether it’due south notwithstanding profitable, and more than.

If y’all want to learn more than about crypto mining in full general, you tin read our comprehensive guide on it hither. Now, let’due south get to the main topic of this commodity — DOGE mining!

What Is Dogecoin Mining?

Mining DOGE means confirming transactions on the Dogecoin blockchain and getting rewards for it with the coin itself. Don’t be fooled by the picture higher up — information technology does not involve going downward to the mines, and, unfortunately, it won’t plow you into a cute shiba inu. Yet, you lot tin can still have fun and make some money when mining DOGE.

Dogecoin mining is the process of verifying and adding transactions to the public ledger (known as the blockchain) for the Dogecoin cryptocurrency. Miners receive rewards in the form of newly created Dogecoins for each block they successfully mine. Mining is an important part of whatever cryptocurrency’s ecosystem as it helps to keep the network secure and decentralized.

Are you lot interested in Dogecoin, and would yous like to know how its price volition acquit in the future? Read our Dogecoin Price Prediction for 2022 and Beyond.

Is Dogecoin Profitable to Mine?

The profitability of Dogecoin mining largely depends on how yous mine information technology. Mostly speaking, it’south a ameliorate idea to mine DOGE in a pool rather than solo.

A cryptocurrency’s supply is among the factors affecting the profitability of its mining. Dogecoin used to have a limited supply of 100 billion coins, only all of those original coins had already been mined by mid-2015. From that year onwards, 5 billion Dogecoins have been put into circulation every 12 months. Equally a effect, since the supply is somewhat limited, notwithstanding the money is in keen demand, it can exist assisting to mine it.

To calculate the profitability of mining a cryptocurrency, ane has to consider the costs: the price of equipment, electricity costs, and so on. You tin employ one of many Dogecoin mining calculators bachelor online for free to find out the potential profit y’all can become per solar day.

How to Mine Dogecoin

Dogecoin was congenital on the Scrypt algorithm, only like Litecoin and a few hundred more cryptocurrencies.

As Dogecoin uses the Scrypt algorithm, it is relatively energy-efficient to mine. Because of this, you lot don’t have to own an equivalent of a nuclear collider to be able to mine it — yous tin technically exercise information technology in the comfort of your own room. DOGE has always been about bringing the community together, so it makes sense that mining information technology should be as accessible every bit possible.

The difficulty of Dogecoin mining ramps upward with fourth dimension. Since DOGE is a Scrypt cryptocurrency, some miners also mine Litecoin (LTC), Viacoin (VIA), and other coins that use the aforementioned algorithm to turn in more profits. If that doesn’t sound similar something you would similar to try, in that location’s some other easy way to make coin mining Dogecoin: mining pools.

Dogecoin Mining Equipment

You don’t need much to kickoff mining Dogecoin:

• a secure DOGE crypto wallet (we recommend using hardware wallets, like Trezor or Ledger);
• a computer with either macOS, Windows, or Linux operating system;
• an Internet connexion.

The other things yous will need to mine Dogecoin will depend on the type of mining you intend to do. If you plan on doing some traditional crypto mining, you will definitely demand some hardware and software.

Dogecoin Mining Hardware

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

1. GPU

GPUs, or graphic cards, are well-known for beingness used in mining. They are besides used for playing video games, so their supply can sometimes run low, bumping the prices up. However, since DOGE doesn’t crave that much calculating power, y’all don’t take to get one of the latest expensive models — a simple and relatively cheap Nvidia GeForce GTX 1060 will practice.

2. CPU

If you have a good PC and don’t desire to spend actress money, you tin always apply your already existing CPU to mine Dogecoin. Withal, nosotros would suggest against that: although DOGE isn’t resource-intensive like Bitcoin, information technology can still cause your CPU to overheat, damaging it.

3. ASIC

Every bit we have mentioned previously, yous volition need a Scrypt-compatible ASIC to mine Dogecoin. This way of mining is very effective, but ASIC miners are expensive, loud, need a lot of resources, and tin get very hot, and then managing them can be tough. If you desire to get a good Dogecoin ASIC miner without breaking the bank, we can recommend using Innosilicon A2 Terminator.

Top Dogecoin ASIC Miner Hardware

Hither are some of the best Dogecoin ASIC miners.

	Hash Rate, MH/s	Ability Consumption	Cost
Antminer L7	9,500.00	3,425W	$17,000
Antminer L3+	504.00	800W	$2,249
BW L21 Scrypt Miner	550.00	950W	$ii,500
Goldshell Mini Doge PRO	205.00	220W	$one,090

Every bit you can see, the hash rate is directly proportional to the ASIC miner’s price and ability consumption — the college the hash rate, the college the cost you will have to pay. When choosing Dogecoin mining hardware, try to balance these three parameters out in accord with your available resources. You can use one of many available Dogecoin mining calculators (similar this ane) to detect out how much turn a profit you will be able to make with your chosen mining rig.

Top Dogecoin (DOGE) Mining Software

Then, you have chosen the hardware for mining Dogecoin. No matter what you lot’ve set your sights on, ASICs, GPUs, or CPUs, to actually mine DOGE, you will also need proper software.

Here’due south an overview of some of the all-time Dogecoin mining software solutions. Almost all of them are completely free.

CGminer

This is one of the nigh popular mining software programs. Information technology is easy to use, supports multiple GPUs and ASICs, and tin display detailed mining statistics.

BFGMiner

A modular ASIC/FPGA miner written in C that features dynamic clocking, monitoring, and remote interface capabilities. It offers advanced mining software, supports multiple GPUs and ASICs, and is integrated into multiple pop mining pools.

MultiMiner

An all-in-one GUI that allows you lot to mine multiple cryptocurrencies, including Dogecoin. It is integrated into many pop mining pools and is incredibly easy to apply.

EasyMiner

A free, beginner-friendly graphical frontend for mining Bitcoin, Litecoin, Dogecoin, and many other cryptocurrencies. EasyMiner supports the Stratum and sha256 mining protocols and has two setups: Classic and Moneymaker modes. You tin learn more almost them and this software here.

Crawly Miner — $39 per yr

A Windows application for managing and monitoring the mining of Bitcoin, Litecoin, and other cryptocurrencies. It is easy to employ, has remote management capabilities, and displays advanced statistics.

GUIMiner-scrypt

A GUI-based miner for Windows that supports the mining of multiple cryptocurrencies, including Dogecoin. It is easy to utilize, supports multiple GPUs and ASICs, and integrates with pop mining pools.

Mining Pool Hub — 0.95% fee

A mining pool that allows you to mine multiple cryptocurrencies, including Dogecoin. It offers automatic switching between currencies.

Dogecoin Mining Pools

A mining pool is a group of miners who work together to mine Dogecoins. By joining a mining pool, you lot tin earn Dogecoins much faster than you could on your own, so it’southward a great alternative to mining DOGE solo.

Hither are some of the all-time Dogecoin mining pools:

• DogeChain
• WeMineDogecoins
• Prohashing
• DogeMiningPool
• MinePools
• Muchpool

Cloud Mining

Cloud mining is arguably the easiest way to mine DOGE equally information technology allows yous to do your Dogecoin mining online. You don’t have to buy or even look after any mining equipment — you but rent it from somebody else without ever actually seeing that equipment. Basically, you merely pay a large data eye to become a cutting of the rewards from ane of their mining rigs.

While Dogecoin cloud mining is easy and cost-constructive, information technology can be quite risky. Usually, you lot sign a contract to rent the equipment, which can last anywhere from one month to i year. And if the price of Dogecoin falls soon later you sign the contract, y’all will still have to pay your rent — and you may brand a loss instead of a profit.

Dogecoin Mining Risks

Other than preparing the necessary equipment, it is crucial to understand all the possible risks earlier you lot start mining Dogecoin.

First of all, in that location is a risk of fiscal loss due to the volatile nature of cryptocurrencies. The value of Dogecoin can go upwards or down very quickly, and if you’re not careful with your money, you could lose a lot.

Another take a chance to consider is the possibility of hardware failure. If your mining rig isn’t properly maintained, it could overheat and break down. This would lead not only to financial loss but also to impairment to your equipment.

Finally, at that place’due south a take a chance of hacking and theft. Since cryptocurrencies are digital avails, they are susceptible to hackers who may try to steal your coins. Additionally, if you store your coins on an exchange or online wallet, in that location is always the take chances of theft from those platforms.

While there are certainly risks involved in mining Dogecoin, in that location are also a number of ways to mitigate those risks. Offset of all, brand sure you sympathise the market and know what you’re doing before investing any money. Secondly, don’t store your coins on an exchange or online wallet; instead, shop them in a common cold storage wallet for added security. And finally, be sure to keep your mining rig well maintained to avoid any plush repairs.

Final Thoughts

Mining DOGE isn’t hard but is (relatively) resources-intensive and requires some preparation. That said, most people don’t mine Dogecoin for profit or to get the money — they do information technology for the amazing community. Dogecoin has e’er been near having fun, either on your own or together with others. Notwithstanding, it is still assisting when mined correctly — merely make certain to empathise what you’re getting involved in before buying a $5K GPU.

If you aren’t later on profit but just desire to go some Dogecoins, you tin purchase DOGE on our fiat-to-crypto marketplace instead!

FAQ

How long does information technology have to mine i Dogecoin?

Dogecoin has a relatively curt block time — the time it takes to create the side by side block in the chain. For DOGE, it is equal to one minute.

How much does information technology cost to mine 1 Dogecoin?

It costs around $0.01 to mine 1 Dogecoin.

Is mining Dogecoin profitable?

Dogecoin likely won’t bring y’all much profit if you’re mining DOGE solo and don’t own a huge mining subcontract. Additionally, the profitability of Dogecoin mining volition largely depend on DOGE’due south toll action, which can be incredibly volatile and unpredictable at times. That’due south why we would propose you against using contract-based cloud mining.

What is a Dogecoin mining pool?

A Dogecoin mining puddle is a grouping of miners who work together to mine Dogecoins.

How practice I start a Dogecoin mining pool?

Setting upwards your own mining pool requires a huge initial investment: you will need to rent a big warehouse and buy a lot of hardware. If you are not set up to spend (potentially) hundreds of thousands of dollars and many hours a day maintaining it, nosotros recommend against it.

Is Dogecoin worth mining?

The answer is… it depends. If you just want to make some quick profit, then you lot volition probably be improve off buying and selling or trading DOGE. Purchasing it is also a amend option if you just want to own some DOGE. Mining Dogecoin is more often than not suited for those who are genuinely interested in this coin, its future, and the community.

Tin I mine Dogecoin on my iPhone?

Dogecoin mining on your phone is possible but pointless. The mining hash rate will be so low that information technology volition be virtually impossible to get annihilation. Furthermore, the mining app will most probable crusade your phone to overheat, damaging information technology.

What is the best Dogecoin mining puddle?

There are a lot of expert Dogecoin mining pools out in that location. Litecoinpool.org, although natively meant for mining LTC, allows merged mining for DOGE and has great rates. Nonetheless, all your earnings will be in Litecoin.

What is the best Dogecoin mining software?

The all-time Dogecoin mining software is the one that’s most profitable for you. This will depend on a number of factors, similar the price of electricity and the hash charge per unit of your mining rig.

---

Disclaimer:
Please note that the contents of this commodity are not financial or investing advice. The information provided in this article is the author’s opinion simply and should not be considered as offering trading or investing recommendations. We do not make whatsoever warranties almost the completeness, reliability and accuracy of this data. The cryptocurrency market place suffers from loftier volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should inquiry multiple viewpoints and exist familiar with all local regulations before committing to an investment.