Dogecoin DOGE Minning Hardware
Hello, after lot of research on DOGECOIN and having purchased some coins and some small cloud mining contracts, I have reached the conclusion that cloud mining is scam and not worth the investment. So, I have decided to engage in mining myself.
Please, check the following facts and correct me where wrong: -DOGECOIN was supposed to have a max number of 100 Billion coins, but this has changed, to an additional 5 Billion per year, forever. -Difficulty of mining, appears to be stable and considering the expected annual supply of new coins is fixed, it would never increase or even if it does, would drop when new year starts? (what other factors can increase / influence difficulty???) -As DOGE is based on SCRYPT, having the right hardware / ASIC, would be able to yield a fixed / reliable result of coins every day, in contrast to most clouds, expect from being a scam most times, don't support scrypt but sha256, so even if they 'mine' doge, its actually btc converted, right??? -I have 'unlimited' FREE power (excess supply from solar panels that cannot be absorbed / paid by the grid / electricity network) Considering all these things, what would be the best mining hardware / ASIC, that is scalable to combine more than one units and easily make a mining rig, capable of producing 1 million coins daily and what would be the cost for it???
How Much ZCoin XZC Can I Mine A Day. What is Dogecoin mining? Your computer will begin mining Dogecoins for a test worker I've set up at the mining pool Doge Scryptpool. If your hardware can.
Many Thanks for all advice!!! Doge mining is dead for profits. Yet there are ways to earn Dogecoins that are easier than mining, folding! It isn't going to compare to a few grand in ASICs, but you can use your PC or those old mining GPUs, with a lot less wear and tear than regular mining.
Folding @ Home is very simple, supports CPU and GPU, is ran and maintained by Standford University to help scientist find cures for Alzheimer's, cancers, and many diseases. If you are not gaming, you wouldn't notice it was there, but if you are gaming there is a handy pause button. Did I mention is was super easy to setup and get going? We collected lots of donations for the Dogecoin Folding @ Home team and now we've just began raining Dogecoins on the team! Get paid Dogecoins to dig for cures!
To participate, just fold for the Dogefolders team #226715 and use your Dogecoin wallet address as your Folding @ Home user name. Payments are made once per week and are distributed based on your portion of the team's folding points. For more information see (It has been a long time coming and our sub is pretty slow now, but with payments started, hopefully will pick back up.) • • • •. Having free power, is it still dead??? You can still directly mine doge, but you are directly competing against litecoin miners.
If you want dogecoin, mine at a litecoin pool and exchange litecoin for dogecoin. If you look at you see exactly when we switched to AuxPOW and doge mining died. The switchover to AuxPOW also killed p2p mining. I personally still think it was a bad idea, but I doubt, that it will be reverted again. Also having free power is one thing, but you need to buy asics to mine or sacrifice part of the expected lifetime of your GPU. Mining hardware is still expensive and. Buddy, I don't think you're listening.
You should not mine the coin directly as YOU ARE GOING TO LOOSE MONEY, it is a scrypt based coin so your not gonna want a Sha256 miner. If you want to mine dogecoin go to any litecoin pool, like liteguardian or whatever workers better for you, and it will mine both litecoin and dogecoin for you. Buy Bytecoin BCN Mining Contract. The LTC hashing power doubles as DOGE hashing power thus MAXIMIZING your profits. No one is answering your questions because they gave you accurate answers already and you didn't like them. When they say mining DOGE is dead, it means simply that there is so much hashing power already in the network, and the coins are being divide up by them that the only way it's profitable is to mine LTC with it. Now go out there, buy a scrypt miner and MAKE SOME MONEY!
OK, I have just read about AuxPOW, now it makes sense. Don't shoot, I'm new! Anyway, what is still unclear to me, is this: If all people are now 'mining' DOGE via LTC and shapeshifting address, doesn't this mean they actually just mine LTC and they exchange it for DOGEs???
If this is the case, it means the DOGE mining is dead and nobody mines it, just enthusiasts of the coin buy it in exchange for LTC. So, does this mean the coin itself is dead or going to die soon??? Also, who mines the 5.2 new billion coins each year if all are just exchanging LTC for DOGE???
Estimated Expected Cryptocurrency Earnings The estimated expected cryptocurrency earnings are based on a statistical calculation using the values entered and do not account for difficulty and exchange rate fluctuations, stale/reject/orphan rates, and a pool's efficiency. If you are mining using a pool, the estimated expected cryptocurrency earnings can vary greatly depending on the pool's efficiency, stale/reject/orphan rate, and fees. If you are mining solo, the estimated expected cryptocurrency earnings can vary greatly depending on your luck and stale/reject/orphan rate.
Time Frame DOGE Coins BTC (DOGE/BTC at 0.00000053) USD (BTC at $8,947.50) Power Cost (in USD) Pool Fees (in USD) Profit (in USD) Hourly 0.94925898 0.00000050 $0.00 $0.10 $0.00 ($0.10) Daily 7 0.00001207 $0.11 $2.40 $0.00 ($2.29) Weekly 12 0.00008452 $0.76 $16.80 $0.00 ($16.04) Monthly 62 0.00036224 $3.24 $72.00 $0.00 ($68.76) Annually 837 0.00440722 $39.43 $876.00 $0.00 ($836.57).