Jan 17, 2019 07:08 UTC
Jan 21, 2019 at 06:55 UTC
Dogecoin Mining in 2019: A Complete Guide
Well, we have previously discussed Is Dogecoin mining profitable? But, we didn’t give a thought to Dogecoin Mining and how to mine Dogecoin.
Let’s take a lucky guess that you are a community person. If that’s true, then Dogecoin mining may be the perfect start for you.
The journey started with Bitcoin in 2009, and now there are thousands of cryptocurrencies out there in the market.
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What is Dogecoin Mining?
If you think Dogecoin mining as a process of being rewarded with new Dogecoin for checking transactions on its blockchain, you’re wrong.
Mining Dogecoin quite resembles with a lottery, where you have to do some work.
The work here involves transaction confirmation and verification.
However, Dogecoin mining differs from other cryptocurrencies in several aspects. They are;
Dogecoin Mining: Solo vs Pool
When it comes to mine Dogecoin, there are generally two main approaches, Solo mining or Pool mining.
On there other hand, there is Pool mining, which is certainly a wise choice for the novice minor, particularly when you can’t afford losing money.
Pool mining mainly involves higher returns since it is a collaborative effort between all the members in the pool.
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Things You Need in Dogecoin Mining
Before you can start mining, you will need a few things to make the Dogecoin rain happen.
- Hardware – Basic machines are perfect to experiment with when starting mining, but scaling will need some more serious hardware like GPUs and ASICs.
- Software – The mining software may vary, depending on OS and hardware. For instance, CPU Mining, GPU Mining and ASIC Mining.
- Dogecoin Wallet – After all, you will need a place (wallet) to send your mined DOGE.
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When you begin mining Dogecoin, you end up owning Dogecoin. This implies you are included in one of the best communities inside the cryptosphere, and that may possibly be reason enough to do it.
By mining Dogecoin, you essentially bolster all the great philanthropic work that rotates around Dogecoin.
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