Content Attributes
Have you ever heard about DOGE? It is the favorite cryptocurrency of Elon Musk, and for now, one of the most popular meme coins. What is a meme coin? In the case of DOGE, the coin was launched without offering any value or any use case in the real world. It was launched as a joke at the hype the cryptocurrencies started getting and was featuring a Shiba dog, a meme that was extremely popular at the time of the DOGE launch.
However, the reality turned out to be different than expected. Within a very short time, DOGE grew in value, and after Elon Musk has expressed their support for the project. DOGE has taken its place among the top 10 cryptocurrencies based on market capitalization.
That’s why now, many people consider mining DOGE to benefit from this rather mysterious coin.
The Basics of DOGE Mining
The project runs on the proof-of-work consensus, just like Bitcoin, Litecoin, and all the similar coins. Therefore, DOGE can be mined with ASIC miners. However, DOGE miners are not the same that are used to mine Bitcoin.
So, let us have a look at how to find the best Dogecoin miner and how to proceed with the mining activities to make them beneficial.
DOGE runs on the Scrypt algorithm, just like Litecoin does. Therefore, you can mine Litecoin, and DOGE will be mined additionally as a by-product. Mining DOGE alone might not bring you the expected result.
Instead of solo mining, it is better to join a Litecoin pool of miners. Then, you can count on more income than you would earn alone.
Choose the pool carefully. There are many of them, and they all have their pros and cons. While some drawbacks can be ignored, others cannot. So, here is the list of things to pay attention to if you want to benefit maximally from working in a pool.
- The pool level of safety. It shall be impeccable because, on it, the safety of your equipment and coins depends.
- The pool fee shall be as low as you can find, without compromising other relevant features, of course.
- Pay attention to how the rewards are distributed among the members of the pool. Usually, they shall be distributed based on the contribution.
- The servers of the pool shall be located in as many places as it is possible. It ensures the stability of the pool work.
- The hashing power of the pool is crucial for its success. The higher the hashing power is, the more chances the pool has to mine the coins. It is like choosing the fastest blockchain transactions per second. The faster you can perform a transaction, the better it is.
What Are the Best DOGE Mining Pools?
We have selected the best pools for you to select from based on the criteria mentioned above. Here they are.
Prohashing
This is one of the most demanded DOGE mining pools. The awards are distributed based on the computational power you contribute. The fee is almost 5% which is pretty high but it is leveraged by other pool benefits such as top safety level, ease of use, and similar.
AikaPool
This pool is good even for complete newbies because it is very easy to use indeed. You can be paid in DOGE, BTC, and LTC coins for your mining efforts. Along with Scrypt, the pool supports SHA-256 and X11 consensus algorithms.
1CoinPool
It is a pool of average size. Therefore, if you are looking for high volumes and super high hashing power values, it is, probably, not the best option for you. But it is convenient to use and pays awards directly to your wallet. This is one of the main reasons the pool is popular among beginners.
GHash
It is one of the oldest mining pools out there. Along with the mentioned DOGE, it enables the mining of a significant selection of coins, including Ethereum.