Dogecoin Cloud Mining And Dogecoin Mining-How To Do Them Properly – The Crypto Basic

This article explains What is Dogecoin, its uses, its block reward, Dogecoin Mining hardware and software, Dogecoin Mining Pool,  Dogecoin mining with CPU, GPU, ASIC, android app and Dogecoin cloud mining, is mining dogecoin profitable? all are discussed in complete detail with faqs in the end.
If there were to be only one crypto coin then people only knew about Bitcoin.
The world of cryptocurrencies is full of coins, some of them are well known and most of them just come to steal people’s money.
Among those that are well known is a dogecoin.
Read also: What is Bitcoin and How Does it Work.
Billy Markus and Jackson Palmer thought to create a coin known today as dogecoin, which people in first thought as a joke but soon they realized, it’s not just a joke it’s a cryptocurrency they can trust on.



Dogecoin was launched on December 6, 2013, first considered as a joke cryptocurrency but soon reached a market cap of 60million dollars in 2014. Dogecoin has a likeness with “Shiba Inu dog” a Japan-based dog breed firm as its logo resembles them.
Read Also: How to Buy Bitcoin Cryptocurrency.
Dogecoin was founded by Billy Markus and Jackson Palmer, dogecoin first becomes the joke of crypto communities but soon everyone realized that dogecoin is not a joke, it’s a cryptocurrency here to stay.
Dogecoin fans have their own Shibe language and call themselves as Shibes.
The shibe language consists of funny broken English terms like “thankful to ya”, “have to works a lot” and more, dogecoin is among those coins that have a big loyal community and it’s growing every day.
In past doge was used for charitable donations and as sponsorships for sports.
Dogecoin is also used for tipping, when a person creates or shares good content in a community than just like, upvoting his content you credit the writer by giving him dogecoin.
Read Key Points when selecting cryptocurrency exchanges.
Dogecoin is very famous in crypto trading. Many crypto exchanges like Binance exchange, kucoin, okex, and other offer DOGE/BTC. DOGE/ETH, DOGE/USDT, and many more dogecoin trading pairs.
Tangible and non-tangible items can be exchanged for Doge in communities like Twitter and Reddit.
Dogecoin has also been used in pornography, poker industries, and selling a house.
Mining dogecoin was a lot easy in the beginning because dogecoin mining software was designed in such a way that it does not support application-specific integrated circuit (ASIC).
But the manufacturer of ASIC found a way to mine dogecoin. These application-specific integrated circuits made mining very difficult for persons using CPU and GPU.
Read Binance Exchange Review, a mini-encyclopedia on Binance.
As there is continuous development taking place in the cryptocurrency mining industry the concept of merged mining made mining even more difficult for the single person using the CPU and GPU for mining dogecoin with his very limited resources.
Those using the merged mining process can mine dogecoin as well as other cryptocurrencies at the same time, so the dogecoin community is very concerned that only a few giant powerful miners will be able to take control of dogecoin mining.
Read Top 17 Best Crypto Trading Bot.
The other drawback is that due to lack of consistent updates and a decrease in the dogecoin block reward there is less dogecoin for miners as a reward. The miners will only be profitable if the price of dogecoin goes up and the block rewards are also increased.
Dogecoin uses a simple variant function with a target time of one minute per block and the difficulty levels are adjusted after every block.
After the 600,000th block, a fixed reward of 10,000 Dogecoin is paid per block.
For more details visit:
https://github.com/dogecoin/dogecoin#how-to-get-doge–to-the-moon.
Dogecoin mining relies on the Scrypt hashing algorithm so the profitable way to mine dogecoin is using the ASIC. You also must join any mining pool when you are mining dogecoin because it is the leading way to increase profits.
Remember for dogecoin cloud mining you don’t need to buy any type of equipment.
Also, Read Cryptohopper Trading Bot Review.
To start the mining process of dogecoin, you will need these basic requirements.
You can start basic mining with you Windows, Mac OS, or Linux system but more sophisticated mining will require ASIC and GPU.
dogecoin mining hardware
The software required for mining dogecoin will vary according to the hardware you are using for mining. The software to mine dogecoin on CPU will no doubt be different from the software to mine the coin on GPU or ASIC.
Miners that only mine by themselves are sole miners, any reward earned by solo mining belong to that particular miner.
Nowadays mining doge with only CPU or GPU is not worthy as mining has become more complex and advance, but you can earn some profits using ASIC hardware, or you can join a mining pool to increase your mining power.
Read 3Commas Crypto Trading Bot Review.
Mining pools are pools where a group of miners is gathered and such pool gives you the ability to combine your mining power with the other members of the pool and this helps you to increase your hashing power and members get a bigger chance to win the block rewards.
Any block rewards earned in a mining pool are then shared proportionally among the pool members.
In dogecoin mining, you must consider mining other Scrypt coins as well and then sell them for Dogecoin. Some factors need to be considered before joining any mining pool.
Some good dogecoin mining pools are
After mining dogecoin you need a Dogecoin Wallet to send your coin into it, you can use any top exchange wallet for dogecoins like Binance exchange or any other trustable wallet like trust wallet.
You also need an Internet connection that is always available.
You should have an estimate of the cost of electricity that will be consumed in the mining process.
As the technology of mining is advancing, mining dogecoin with your Pc is now the old option, but yet if you are interested in it, here are the steps you need to follow.
Read also: What is cryptocurrency staking.
In CPU mining you need to mine the dogecoin with your computer microprocessor, this is not effective nowadays as there are many better options available than this. For mining dogecoin with CPU, you can use cpuminer.
The other way of mining dogecoin from PC is by graphic card mining commonly known as GPU mining.
You need cgminer if you want to mine with you AMD or Radeon graphic card, but the new version of cgminer now does not support script mining which is the core of Dogecoin mining, for Nvidia graphics card or NVidia GeForce, you need to use CudaMiner.
See the complete guide of how to get started with Cudaminer and Cgminer.
Point to remember: Both method of mining dogecoin with CPU and GPU are almost obsolete and not profitable.
To mine dogecoin with you ASIC mining rig you need to have 24/7 internet with a minimum capacity of 0.7 GB per day, a trusted wallet where you can send your dogecoin after mining, a proper and cheap supply of electricity as mining rig use a lot of power so cheap electricity is a must for setting up your mining rig.
Dogecoin Mining with ASIC
As the rig is working all day and night so you also need to consider the cooling options as well, the cooling option is very much necessary in the process of setting up the mining hardware.
The mining of dogecoin is based on the mechanism of Script algorithm, you need to have an ASIC mining rig that supports such mining mechanism, working with any other rig not able to work on Script algorithm will simply not mine dogecoin for you.
The better option for dogecoin mining hardware can be BW L21 and Bitmain Antminer L3++, these ASIC mining rigs have low consumption of electricity and better hash power rate. However, it’s up to you to find the best ASIC mining rig based on your purchasing budget and the cost of electricity you can afford.
Read Also: Best 12 Profitable Staking coins List and Exchanges
These days ASIC comes with pre-installed software’s so you do not need to worry about downloading software’s and properly configuring them to run your mining rig as this required lot of technical knowledge and effort, these modern mining rigs require some basic settings and are ready for mining.
 There was good news in early days that Dogeminer had an android app but the bad news these days is that Google has banned all the mining apps.
You cannot mine your dogecoin with the android app, also the mining technology has advanced so much and the mining difficulty and energy requirement of the dogecoin has increased to that amount that the hardware of the mobile now cannot support any kind of mining.
dogecoin mining software
 What is cloud mining? Well cloud mining is the place where you do not have to buy any mining equipment, pay electricity bills, or do any other technical stuff but yet you can participate in the mining process by purchasing mining contracts and thus renting mining hardware for you from the larger mining firms.
Such firms run the mining rigs for you and charge you in the shape of mining contracts or from your mining profits and also charge you the cost of electricity.
Before joining any such pool you must read in detail there fee structure, different types of charges like the cost of electricity, and their term and conditions.
IQMining, NiceHash, Genesis Mining, and Eobot can be a good option to start dogecoin cloud mining.
After all that discussion you could easily figure out that dogecoin mining with CPU and  GPU are no more profitable, to get profits from mining you need to buy the mining rig and set them up.
The overall profitability of dogecoin depends on the cost of your electricity, hash power of the mining rig you are using, and no doubt the price of the dogecoin.
For dogecoin mining profitability you can also use the dogecoin cloud mining option but you must fully analyze the contract fees, amount of electricity fee they will charge, and other options before carrying.
You should confirm that the income you will generate from the dogecoin cloud mining service provider is more and giving you the profits after deducting all the costs.
Before mining, you must first calculate what kind of earning you are going to generate from mining.
Your calculation will depend upon the electricity consumed by your mining rig, the cost of electricity in your region, hash power rate, and the fees charged by the mining pool.
There are many calculators available in the market for calculating the mining profitability like
It depends upon what hash rate you are getting and your mining hardware, the better the mining rig the better the hash rate will be and the quicker you will be able to mine one dogecoin, normally Dogecoin mining block time is somewhere around one minute as compared to bitcoin that has block time around 10 minutes.
The answer to this question is simply NO, the circulating supply of dogecoin at the current moment is 123,695,858,115 according to coinmarketcap which is insane and the worst-case scenario for dogecoin to reach 1 Dollar is that it has no fixed supply.
You can mine as many dogecoins you can and the circulating supply will keep on increasing because more and more coin will be added to it after mining making it impossible for dogecoin to reach one Dollar.
The answer is no, the hardware required to mine dogecoin is far more than the capacity of mobile phone to mine it plus Google has also banned all the mining apps making it almost impossible to mine the coin on the phone.
Unfortunately, dogecoin has no fixed amount of coins or total supply meaning you can mine as many coins you want and add it to the circulating supply.
The current circulating supply of dogecoin is 123,695,858,115 according to coinmarketcap and this will keep on increasing with time as there is no fixed supply. That is the big hurdle in increasing the price of the coin.
Dogecoin is based on a scrypt algorithm, the scrypt algorithm is based on the method that uses a lot of selection time and requires big memory volume.
The scrypt algorithm also makes mining difficult and complicated on the application-specific integrated circuit (ASIC).
The maximum number of dogecoin you can mine in one day depends upon the hash rate you are getting, dogecoin mining difficulty, and your mining hardware; however, with average settings, you can mine more than hundred dogecoins per day.
Mining Dogecoin is safe like mining other cryptocurrencies but its legality depends on which country or state you are living. Some countries where electricity is cheap like Argentina’s government do allow mining but some other countries do not allow you to mine any cryptocurrency.
The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.
I got so much informaton on dogecoin mining. Thanks for writing such details.
Mining is over. No need for mining, Staking is far better than mining.
I am making some Dogecoins daily but I want to mine more of them.
I have tried dogecoin mining, it is better than mining BTC or other big coins.
Why would someone mine Dogecoin?
Wow! 400 increase in Dogecoin this week! Mark Cuban brought up the surge when he was on the news recently. Do you guys think it will ever be worth as much as Bitcoin? Did you guys buy any Dogecoin?
Dogecoin was doing great, high up on top 10 crypto, but don’t think it will ever threat BTC.




Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.
© TheCryptoBasic 2022-All Rights Reserved

source