November 23, 2022
Dogecoin is considerably faster and easier to mine than Bitcoin. It also has a lower mining difficulty — as measured by the hash power required to solve a new block — than Ethereum, Litecoin, Bitcoin Cash or just about any other mineable cryptocurrency in the top 100 by market cap. In short, knowing how to mine Dogecoin might be the safest route to profitability for a crypto miner in 2022.
Few cryptos have attracted more controversy, hype and humor than Dogecoin (DOGE). Yet, against the backdrop of jokes, memes and skepticism, Dogecoin has not so quietly risen to the top ten cryptocurrencies by market cap. Importantly for crypto miners or those considering this trade, Dogecoin is among the most profitable coins to mine.
Best Dogecoin Mining Hardware
Listed below are some of the best Dogecoin mining rig hardware:
|Models||Hash Rate||Power Consuptiom|
|Bitmain Antminer L7||9.5GH/s||3425W|
|Innosilicon A6 LTC Master||1.23GH/s||2100W|
|Bitmain Antminer L3+||504MH/s||800W|
|Goldshell Mini DOGE||185MH/s||235W|
How much dogecoin can you mine in a day?
This is entirely based on the mining hardware that you use. With a Dogecoin mining hashrate of 9.5 GH/s, a block reward of 10000 DOGE, and a Dogecoin difficulty of 7,019,157.38 you can mine 272.26543290 Dogecoin per day.
Bitmain Antminer L7 With a hash rate of 9.5 GH/s, this is the best machine there is to mine Dogecoin profitably although it can mine a total of 34 coins running on the Scrypt algorithm (including Emerald, Florincoin, Litecoin, and Verge).
Is Dogecoin Mining Profitable?
Mining profitability estimates are always going to fluctuate wildly. Ultimately, the market price of DOGE, mining difficulty and the specifications of your rig will be the key determinants.
As of mid-2022, Dogecoin mining can still be profitable if you use a powerful ASIC machine. Joining a large mining pool is also advisable if you want to improve the consistency and stability of your rewards. The profitability of Dogecoin mining is further improved by the merged mining model, in which your machine’s hash power is used both for Dogecoin and Litecoin mining.
|Contact Person :||Mr. Charles Lin|
|Tel :||+86 18126351869|