Start Mining Dogecoin Today - Simple, Fun & Rewarding

What is Dogecoin Mining?

Did you know that Dogecoin (DOGE) was intended as a joke? The creators made DOGE as a mechanism to enable users to tip each other for fun social media content. Despite the fact that DOGE set off on a whimsical foot, it's become one of the most popular cryptocurrencies out there.

When it comes to mining DOGE, the fastest and most profitable way to do so is using ASIC-driven hardware, a rig that uses application specific integrated circuits or ASICs. You also need to be a member of a DOGE mining pool. In short, you need three basic things in order to start mining Dogecoins:

A mining rig, you are better off choosing ASIC hardware Your choice of Dogecoin mining pool - we will list some below The right software configuration Mining Dogecoin can be profitable There are a couple of reasons why mining Dogecoin instead of another coin is a good idea. First, transactions on the Dogecoin blockchain happen quickly so it means that DOGE mining pools tend to make payouts every 24 hours.

Over and above quick payouts, you can also rely on consistent revenue from Dogecoin. As a result, mining Dogecoin is efficient and profitable - and a good prospect. There are also plenty of markets where you can sell your Dogecoin which means that it is worth considering Dogecoin mining to generate a daily income for yourself.

How to mine Dogecoin

DOGE is based on the Scrypt hashing algorithm and for that reason the best way to mine it is using something like the Antminer L3++ as this device makes use of ASICs. Furthermore, you should seriously consider joining a mining pool when mining DOGE coins because it is simply the best way to maximise profits.

What does it mean to join a mining pool?

It's simple really: you add your mining power to a group of other people's mining capabilities so that collectively you can achieve a higher hash rate - which means that it becomes quicker to solve the problems that lead to a crypto block award. In contrast, mining a single block on your own can take months or even years which means you will wait a very long time for any kind of reward, and you will have costs to cover in the meantime.

What's required for mining DOGE

There's a couple of things you need in place to mine Dogecoins. Your internet connection is the first, and we'll suggest that you have uncapped usage on your connection, but make sure you have at least 0.5GB per day available. Next, you need a wallet to store your DOGE, you will also use this wallet to cash out your Dogecoins. DOGE has a free wallet which you can try, but many wallets support DOGE. So, the four things you need are:

An ASIC miner as your mining rig

Internet that's 24/7, always-on An estimate of how much power you will consume with your rig A trustworthy crypto wallet which can receive your Dogecoins Other important things you should think about Mining Dogecoins effectively and risk-free involve a couple of other complexities. Keep in mind that your mining rig will use a lot of power, so make sure your home or facility's electrical power grid can support the power consumption of your mining rigs, particularly if you have several units.

Because your rigs will work around the clock you should also account for heat build-up because these hardware units can generate a lot of heat. You need to cool your rigs so that you can make sure they keep on working 24/7 and to make sure mining performance stays at its maximum. Overheated machines can also be noisy.

The planning guide to follow will explain what you need to do to deal with the potential power, heat and noise issues generated by ASIC mining rigs. One other thing: the lower your latency is on your internet connection, the better your mining rigs will perform - you'll be able to notify the blockchain of a solved block faster, so a competing miner won't accidentally beat you to claiming a solved block.

The best mining rig to buy

Recently, ASIC mining hardware was released which is able to mine coins using the Scrypt algorithm, that includes Dogecoin. Amongst your current options we think Bitmain Antminer L3++ is really your best option because it offers a good balance between electricity consumption and hashing power - and of course, price. In comparison the BW L21 has a low hash rate and also uses less power but the price is far higher for this ASIC rig.

Configuring your ASIC hardware and software

Because you are mining DOGE with an ASIC rig you don't need to worry about tricky software downloads and configuration anymore. ASICs come with pre-configured software pre-installed which means you are ready to get going by doing some basic configuration. Here are the steps:

Connect your ASIC rig to the internet and supply electricity

Connect your ASIC to your power supply of choice. It's easy to do this but do make sure you plug in every connector, you also need to plug your power supply into your power grid, of course. Don't forget to plug the LAN cable in too.