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#HOW TO MINE DOGECOIN INSTALL#

For beginner miners using a GPU, EasyMiner may be a good choice. If you installed a CPU, then you may want to look at CPUminer. Depending on the type of hardware you installed, there are several options for mining software. Select your preferred mining software.Some might find ASIC miners unnecessary for DOGE, but they are built for the task and will give users an edge over their competition. This is the hardware used for mining Bitcoin. You can also use an ASIC miner, which is built specifically for mining cryptocurrencies. You can use a GPU, which is a graphics card that is better optimised and more powerful than a personal laptop and might be more suited for DOGE mining.

Although you can still mine DOGE on a personal laptop, mining is an intense process for your computer, so it might be best to pick something more specific.

#HOW TO MINE DOGECOIN INSTALL#

Buy and install your Dogecoin mining hardware.

Research your electricity costs, hardware device options and pick the best method for you. There is solo mining, which is for individuals that have enough equipment to mine alone pool mining, where users pool resources and risks to then split profits and cloud mining, which we will explain below. Unlike Bitcoin, which creates blocks on average every 10 minutes, Dogecoin mining adds blocks every minute and rewards 10,000 DOGE tokens for the miner that successfully added the new block. Litecoin also uses the same algorithm, which means users can simultaneously mine both cryptocurrencies. Scrypt is less energy-intensive than the Bitcoin algorithm, which allows DOGE to be mined by personal laptops and slightly upgraded hardware devices.

Bitcoin also uses this type of mining, which is called proof of work.ĭogecoin uses a mining algorithm called Scrypt, which is a different algorithm than the one used by Bitcoin. Miners are an integral part of blockchains in that they determine which transactions get included along with maintaining the security of the network. Once that puzzle is solved, the miner adds a block to the chain and is rewarded for the energy expended in the process. These are simply hardware devices (or computers) that compete to solve a mathematical puzzle. The process of adding blocks to the chain is called mining and is done by miners. Each transaction is registered inside a block of information, which is then linked to the next block. What is Dogecoin mining? The basics explainedĭogecoin, like all cryptocurrencies, operates on top of a blockchain, which is the way transactions are recorded. Given it is a slightly easier cryptocurrency to mine than some of its pairs, users are focusing on mining as a way of getting their hands on more DOGE. With the recent surge in Dogecoin's popularity, many people are looking for alternative ways to accumulate the token other than by just buying or selling it. Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific