Dogecoin Mining

Dogecoin is the new cryptocurrency which was launched in December, 2013. Similar to Bitcoin, Dogecoin is a distributed electronic currency.

Every cryptocurrency must be mined initially. The process involves the solving of blocks for rewards expressed in the particular currency. For this, specialized computer hardware and applications are used. Some of this you may already have, although you may need to buy some gear. Don't spend too much, though.

This publication describes the mining process, how it is implemented with Dogecoin, what equipment is required, and some operational considerations to note.

Solo, pool and multipool mining are covered. Equipment described includes CPU and GPU choices appropriate for Dogecoin. You get a sense of the inner workings of the processes. You see how certain organizations are set up to help you mine.

Ultimately, your decision to mine Dogecoin will show that you support this exciting new digital currency. Literally from nothing, Dogecoin has exploded into one of the most thrilling new developments in computer technology. Based on Bitcoin, Dogecoin has the power to rival that digital currency.

Five years ago, Bitcoin was launched. Dogecoin was launched in December 2013. Now the mining of Bitcoin is basically out of reach for those of limited means. Most everyone is still capable of mining some, or a lot, of Dogecoin. These are becoming more valuable both as a directly usable currency and as a commodity that can be exchanged for Bitcoin or US dollars.

The mining of Dogecoin is very comparable to gold mining. Specialized gear and techniques extract both from their surroundings. Miners bring the newly created commodities to a willing market. The difference is just that gold is physical, and expensive, while Dogecoin is virtual and inexpensive, (for now). Like gold mining, however, the production of Dogecoin is creating wealth for those involved. The time is now for Dogecoin mining because in a few years, the situation is sure to be quite different.