Dogecoin Mining
Did you know that Dogecoin (DOGE) was intended as a joke? The creators made DOGE as a mechanism to enable users to tip each other for fun social media content. Despite the fact that DOGE set off on a whimsical foot, it’s become one of the most popular cryptocurrencies out there.
When it comes to mining DOGE, the fastest and most profitable way to do so is using ASIC-driven hardware. You also need to be a member of a DOGE mining pool. In short, you need three basic things to start mining Dogecoins:
- A mining rig – preferably ASIC hardware
- Your choice of Dogecoin mining pool
- The right software configuration
Mining Dogecoin can be profitable. Transactions on the Dogecoin blockchain happen quickly, and mining pools tend to make payouts every 24 hours. It’s efficient, profitable, and supported by many markets for easy DOGE conversion to income.
How to Mine Dogecoin
DOGE uses the Scrypt algorithm. ASIC devices like the Antminer L3++ are most effective. Joining a mining pool increases success chances and earnings.
In a mining pool, you contribute your rig's power to a collective hash rate, improving block solving speed and consistency in payouts.
What’s Required for Mining DOGE
- Uncapped internet connection (minimum 0.5GB/day)
- A Dogecoin-compatible wallet
- An ASIC miner (e.g., Antminer L3++)
- Electricity estimates and a suitable power grid
Rigs consume power and generate heat. Ensure proper ventilation and cooling. Low-latency internet helps your rig communicate faster with the blockchain.
Best Mining Rig to Buy
The Antminer L3++ offers a great balance between power consumption, hash rate, and price. Compared to the BW L21, which is pricier with a lower hash rate, the L3++ is a better investment for most miners.
Configuring ASIC Hardware & Software
- Connect your ASIC rig to internet and power.
- Choose a Dogecoin mining pool (e.g., Aikapool, BlockMasters, Multipool).
- Find your rig’s IP via your router or the rig’s IP reporter tool.
- Access the rig’s web interface using its IP address (default login: root/root).
- Input your mining pool configuration:
- URL: stratum+tcp://aikapool.com:3433
- Worker: MyDOGEWalletAddress
- Password: -p c=DOGEPASS,mc=DOGEPASS
- Click Save + Apply
Mining DOGE in the Cloud
Cloud mining lets a third party do the technical work for a fee. Check costs vs. returns before committing. Some vendors offer free trials (e.g., Global Mirror Markets).
Calculating Dogecoin Profits
Use a calculator to input hash rate, power consumption, local electricity price, and pool fee. Cloud mining users should ensure earnings surpass fees. Results vary based on network difficulty, DOGE price, and block rewards.
Common Questions About Dogecoin
- How long to mine 1 DOGE? Less than an hour with a BW L21 at 550 MH/s.
- Maximum mined in a day? Use a profit calculator for estimates.
- Should I mine DOGE? Yes, if your income exceeds costs.
- Is supply capped? No – DOGE has unlimited supply.
- Is mining legal? Legal in many countries, but restricted in places like Morocco, Algeria, Bolivia, and Nepal.
More About Dogecoin
Dogecoin was created by Billy Markus and Jackson Palmer. Inspired by Luckycoin (and by extension Litecoin), DOGE uses the Scrypt algorithm. Its mascot is the Shiba Inu, and it launched in December 2013.
The DOGE Hashing Algorithm
Dogecoin shares Scrypt with Litecoin, but its block time is 1 minute compared to 2.5 for LTC and 10 for BTC. You can mine DOGE and LTC simultaneously to hedge returns.
DOGE Forks
DOGE is expected to fork for the first time. A project called Dogethereum (DOGX), running on Ethereum's blockchain, aims to add smart contracts and improve speed. This could affect DOGE's future value and role.