The data center computers mine the Dogecoin and send it along to your wallet. With cloud mining, you rent computing power from a data center. If you aren’t interested in using your own computer to mine Dogecoin, you could always choose cloud mining. That allows you to start collecting small regular dogecoin rewards, and it feels more productive. It’s a tradeoff because with pool mining you’ll get regular small rewards, while a solo miner will get a large reward but it might take weeks or even months.īeginning miners are usually best off joining a mining pool. Pool miners join their resources and share the block rewards generated, whereas solo miners get to keep all of the block reward for themselves.
The first step in mining Dogecoin is deciding which way you’ll use to mine. There are three ways to mine Dogecoin, so you can choose which is best for you. In fact, it is possible to merge mine Litecoin and Dogecoin, giving you two coins for your computing power. It’s a proof-of-work coin and uses the same algorithm as Litecoin, which is Scrypt. It is frequently used to tip others online and as a charitable donation.īesides getting Dogecoin as a tip online, you can also mine it using your computer. It remains popular today thanks to that fun attitude, and we think partially due to the Shiba Inu mascot of the coin. Dogecoin was created as a bit of a lark back in 2013, but it caught on as a fun and friendly cryptocurrency.
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