The creators of Dogecoin (DOGE) initially warned that the project does not set serious goals and the first block, mined in 2013, is nothing more than a joke. However, the joke turned out to be very successful, and the cryptocurrency is convenient and DOGE suddenly became one of the most popular cryptocurrencies on the market. It is now in the TOP 10 digital assets by market capitalization.
In 2014, Dogecoin merged with Litecoin and now their mining is closely related. Mining pools have different reward systems, and the most famous of them is proportional. The popularity of DOGE is growing, its future now looks bright and attractive enough.
DOGE Mining Features
For mining Dogecoin and Litecoin, the Scrypt algorithm is used, which makes them different from Bitcoin. Dogecoin mining can now be seen as a side process of Litecoin mining. That is, these processes can be successfully combined without losing the hash rate.
Before joining the Dogecoin mining pool, you need to know the hashing power of the pool, its security and the principle of distributing rewards among the participants. This is a minimum of information that will help you choose the best option. Pools that mine several different coins look more attractive: they can adjust profitability by switching to more valuable coins. By the way, Dogeminer provides information about free mining resources.
Best Pools for Doge Mining in 2021
We offer a small list of pools with a very good reputation:
Actually, this is historically the first mining pool in which the efforts of 100 participants are united. In addition to Dogecoin, you can mine 14 more scrypt coins, moreover, 10 other algorithms are available here. After registration is over, you will have access to all the resource’s features. You will also be provided with daily updates of the Feature Availability List. Unregistered users have limited access to the functionality of the resource.
One of the oldest multi-fork co-mining platforms. The functionality provides for the automatic determination of the most profitable coin.
The Multipool Dogecoin port supports combined DOGE and LTC mining. In total, Multipool can mine almost 30 cryptocurrencies with different algorithms.
This mining multi-pool has been around since 2013. It is easy to use, stable and transparent. In addition to DOGE, Prohashing can mine BTC, LTC, XMR, DASH, ZEC and several other cryptocurrencies.
Miners can use an algorithm to automatically switch to the most profitable coin situationally. In addition, pool members can choose the cryptocurrency in which they want to receive a reward, provided that it is available in the list of coins for payment.
This pool is ideal for beginners. It is easy to use and very safe. DOGE and LTC are mined here, according to available sources – 3 blocks per week. There is a proportional reward distribution system in accordance with the hashing power of each participant. Coins are added to the wallet automatically and it is very convenient. You can accumulate them, place bets, make Safemoon swap, transfer, etc.
This pool is considered one of the best in terms of scalability and security. Moreover, it may be the first in the LTC system, where miners are protected using an encrypted TLS connection.
Solo mining on your own hardware lost its meaning a few years ago. Moreover, even within the community, you will have to create a farm of several high-performance processors.
Before joining your chosen community, assess the capabilities of your equipment. To do this, there are special online calculators where you need to enter data about equipment, mining algorithm, electricity consumption and its cost. The program will automatically fill in the missing parameters and calculate the approximate amount of profit for the specified period.
*This is not financial advice and does not represent the opinion of the owners of this website*