Dogecoin (DOGE), as conceived by the creator, was to become a new Internet meme and people's cryptocurrency. And it was a success. Low entry threshold, fast transaction speed, meager commission - Dogecoin looks like a promising cryptocurrency. Add a responsive community of Dogecoin owners and developers, plus a couple of stories with fundraising for charity - and DogeCoin becomes the people's cryptocurrency.
RusCoins.info will tell you how Dogecoin came into being, what is the capitalization and cost of DogeCoin, how to mine Dogecoin and choose a mining program, and will also help you choose a pool for Dogecoin mining. Finally, let’s summarize what to expect from Dogecoin.
History of Dogecoin
The coin was first introduced in December 2013. Originally created for fun, the cryptocurrency got its name from the “Doge” meme depicting a Shiba Inu dog. Jokes aside, in January 2022, in just a week, Dogecoin’s capitalization increased from one billion dollars to two.
Billy Marcus, the creator of Dogecoin, had a number of goals in mind. First, create a people's cryptocurrency. Secondly, move away from Bitcoin, which in 2013 was associated with the darknet, drugs and weapons. Dogecoin is known for its friendly community. In 2014, the community helped raise funds for the Jamaican bobsled team and also funded NASCAR driver Josh Wise, whose car sports the same Doggy from the meme during competitions.
Dogecoin is a controversial cryptocurrency, and the controversy starts with what it is called. As with the Doge meme, there are many names for the coin: Dogecoin, Dogecoin, Dogecoin, Dogecoin, Dogecoin and even Dazhcoin. The question of the name remains open. The original version is Dogecoin and the abbreviation DOGE.
Where to withdraw and store Dogecoin
If you do not have a Dogecoin wallet to withdraw earned coins from faucets, I can recommend the following services:
- FaucetPay is the most famous and widespread wallet for microtransactions. It is just ideal for working with faucets, as it allows you to receive the most minimal amounts. Works directly with many faucets and allows you to withdraw from them with a reduced minimum wage and commission. To top up your balance, register in the system, go to the “Deposit” section and copy your DOGE wallet number.
- Binance is the largest cryptocurrency exchange that works with a huge number of currencies, including DOGE. To top up your balance on this exchange, go to “Browse Wallet” - “Deposit” - “Deposit Cryptocurrency” - select DOGE coin - copy your personal account number.
You can top up your wallet with any amount from 0.00000001 DOGE. After this, the funds can be exchanged for rubles, dollars, euros or any other cryptocurrency using the internal exchange.
- Payeer is a popular payment system that recently added the ability to store DOGE in your account. The minimum deposit amount is 5 coins. You can conveniently trade and exchange crypto directly within the system using the exchange and automatic exchanger.
I personally use the Binance exchange, the FaucetPay microwallet and the Payeer system, so I can confidently recommend them for working with cryptocurrency (and not only Dogecoin).
Brief overview of Dogecoin, capitalization and coin value
At the beginning of December 2022, the coin ranks 20th in terms of volume. DOGE's capitalization is $250 million.
Cost of one DOGE = $0.002132. In other words, 1 dollar = 472 DOGE. And this is an important psychological point: people are more willing to buy several thousand coins for $10, rather than 0.001 part of Bitcoin for $100.
Initially, it was assumed that 100 billion tokens would be issued, but given the popularity of the coin and the speed of mining, by 2014 98 billion tokens had already been collected. And then the developers decided to launch an artificial inflation mode. Now every year 5% is added to the coin.
Every year, 5 billion Dogecoins become available for mining. 117,293,119,422 DOGE have already been issued.
Mining in the browser, how to start (registration)
First of all, read the entire article in its entirety to understand how everything works and whether it is possible to make money from it. For novice miners, the option of mining on a processor is suitable, but only in a different way (my personal opinion). Mining on your home computer XMR or kryptex.
To start making money by mining from your browser, let's switch to one of the services that offer us this opportunity. One of these is browsermine.com
In the upper right corner, click registration. Next, fill in the fields: email and password, registration is complete. Let's go to your personal account.
First of all, you need to move the slider in the same upper right corner to the processor load level. Move to the right, full power, move to the left, set a lower mining speed.
Now, let's set everything up and only then will we talk about making money. Go to the “Profile” tab. In this tab, we need to indicate only the addresses of our wallets: YandexMoney, Qiwi, WebMoney, Payeer, and so on.
How to mine Dogecoin
Unlike mining other coins, you can mine Dogecoin on any computer, even not a very powerful one. Mining a Dogecoin block takes on average 3-5 minutes. DOGE coins are also obtained through faucets for completing simple tasks.
One of the advantages is a small number of coins for withdrawal. The downside is that to exchange DOGE you need a number of coins that is a multiple of 1,000. This is due to the low price of this coin in the market.
DOGE mining options:
- mine Dogecoin on a processor;
- mine Dogecoin on a video card;
- mining using cranes.
Let's look at each of the options.
Dogecoin mining program - choosing the best
Before you start mining, create a wallet on dogecoin.com. Go to the website and download the program to create a wallet. After installation, open Dogecoin Core and wait for synchronization with the network (up to 5 minutes of waiting). Then we proceed directly to mining.
Mining Dogecoin on a video card
To mine Dogecoin on a video card, you will need to install a miner program:
- CGMiner - for ATI Radeon video cards;
- Cudaminer - for Nvidia video cards.
Both programs can be downloaded from the bitcointalk forum.
Then select the mining pool. Read on to learn how to choose a pool for Dogecoin mining. Register in the pool and proceed to setting up the miner.
To set up the Dogecoin miner, create a bat file in the folder with the miner (enter run.bat as the name).
Open the created file using notepad and write one of the lines:
- For Radeon: сgminer —scrypt -o stratum+tcp://stratum.aikapool.com:7915-u User.2 –p 2
- For Nvidia: cudaminer.exe -o stratum+tcp://stratum.aikapool.com:7915-u user.2 -p 2
Where
- —scrypt — the algorithm itself;
- -o stratum+tcp://stratum.aikapool.com:79154449 — pool address. Indicated along with the port on the pool website;
- -u User.2 - user and worker name in the pool. They are written together through a dot, where User is the user, 2 is the worker.
- -p 2 — worker password.
After launching the bat file, mining should begin.
Mining Dogecoin on a computer
Another option for mining DOGE is to mine on a CPU. Mining DOGE on PC is easy. This does not require installation of third-party programs.
Dogecoins4free
The first Dogecoin mining site. Register and go to the “Mining” - “Manage Mining” - “Enable Mining” tab. Select “Start Mining” and set the indicators: number of cores (“THREADS”), speed (“Speed”). Optimal settings for a miner: 2-4 cores, speed 10%-50%. Do not overload the processor to avoid overheating. The mining history is updated every 5 minutes. To withdraw coins, go to the “Account” tab and select “Withdrawal”.
In addition to mining, Dogecoins4free has faucets.
Coinpot
To mine Dogecoin on Coinpot, first register on coinpot.co and then on moondoge.co.in. Use the same email and wallet addresses, choose Dogecoin and “Mine Dogecoin” cryptocurrencies. Next, select the power and number of cores from the drop-down list and click “Start mining”.
If mining on your PC has not started, disable AdBlock or antivirus.
FaucetHub
FaucetHub is similar to Coinpot, but with slightly more currencies. To mine, you need to go through standard registration.
Go to the “FAUCETS” tab, select the “Dogecoin” cryptocurrency, click on “Mining”. Select a pool from the list and click on “Visit”.
Next, enter your Dogecoin email address and start mining. You configure the cores and processor load in the same way.
Plus FaucedHub - there are other cryptocurrencies and faucets.
IMPORTANT!
- When mining a coin, disable ad blockers and antivirus;
- Do not close tabs that are mining;
- Do not set the load to more than 50% or make sure that the processor does not heat up to 80 degrees.
What is mining and its types
Even though Dogecoin is losing value, many people are planning to make money on this token through mining. Mining is earning cryptocurrencies using the power of equipment, be it a personal PC or a special mining farm.
There are three types of mining: pool mining, solo mining and cloud mining. The last method is completely different from the others: you choose a plan and pay money to the other party. The one with mining equipment will do the mining for you. Cloud mining companies mine coins using their own mining rigs, and every day they send customers rewards corresponding to the money they spent.
The more you pay, the more energy companies use for mining. The rewards are yours, but cloud mining platforms charge maintenance fees to keep the equipment in good condition.
Most people mine cryptocurrency through mining pools, but some miners prefer to work alone (solo mining). Mining alone means that all the profits will go to you, but in this case it is much more difficult to get your hands on cryptocurrency.
If a miner joins a pool, he combines the processing power of his PC with the computer performance of other members of the pool. In this case, the chance of receiving a reward is much higher, but there are also disadvantages.
- You will have to pay a commission to join the pool.
- You will only receive part of the reward as it will be divided among other people.
Best Dogecoin Mining Pools
The distinctive features of Dogecoin are the huge number of issued coins and the low price of one coin. Mining Dogecoin is easy, but not very profitable. Therefore, there are practically no pools specializing in Dogecoin mining left.
Doge.hashfaster.com
HashFaster is the largest Dogecoin mining pool, with more than 15 algorithms available. The site is in English, Russian is not available. The pool charges 1% remuneration. Automatic payments every 2 hours.
Review by OvA_08 about HashFaster:
The largest mining pool for Doge. The pool is honest, payments are regular. I see no point in looking for others.
AikaPool
One of the most intuitive multipools in which Dogecoin mining is also available. The advantages are the average pool size and instructions for setting up the miner. The pool charges 1% remuneration.
Review by Alex7906 about Aikapool:
One of the few pools where you can still mine Doge. I'm pleased with the statistics and the clear interface. I haven't checked the output yet.
Hidden browser mining
The technology for mining cryptocurrencies through a browser appeared relatively recently. Developers of browser platforms are already struggling with this, because browser mining scripts have been installed on many resources and, without notifying visitors, their computers are used to make money.
Have you heard anything about hard drive mining or POC Mining? Crypto mining is possible not only on processors and video cards.
This is not legal, there are real examples of how the owners of some sites were punished. However, some still use it. Some even invite visitors to switch between mining and displaying ads.
Modern antiviruses with up-to-date databases can easily detect when such algorithms are launched and block them.
The owners of browser mining sites are honest. They offer users to take advantage of cryptocurrency mining. To do this, they first need to create a personal account, nothing else is required.
Payment terms, profitability and other factors are different everywhere, so you need to choose the best services.
Faucets for earning DOGE
Another way to earn DOGE is through faucets. Faucets are sites where a certain amount of DOGE is given for completing simple tasks. The largest number of DOGE faucets can be found on FaucetHub.
There is no point in taking cryptocurrency faucets seriously, especially DOGE faucets, due to the low cost per coin. One DOGE costs $0.002979. For entering a captcha and viewing an endless variety of advertisements, the Zenfaucet faucet gives out 0.14 DOGE or $0.00041706. In other words, you need to enter the captcha 10,000 times to get $4. Not the best way to spend your free time.
Is it profitable to make money from browser mining?
Don’t even expect to get a good profit from such mining. It brings in an order of magnitude less than mining cryptocurrencies using classical methods.
This is why only beginners use browser mining. They simply don’t want to bother or don’t know how to set up altcoin mining.
Powerful computers will be able to bring maximum profit , which will be enough to pay for the Internet for a month. This is still the best case scenario, so there is no point in even presenting approximate figures.
Try to turn on mining in parallel with other work on the Internet. Also use the affiliate programs of the services presented above.
What to do with Dogecoin: invest or pass by
The creator of Ethereum, Vitaly Buterin, either jokingly or seriously, called Dogecoin a promising cryptocurrency in one of his interviews.
Currently, DOGE mining is not profitable due to the low cost of the coin. The editors of Ruskoins.info predict an increase in the DOGE rate only in two cases: with a general increase in the value of cryptocurrencies, and if Dogecoin joins the Ethereum smart contract. Poka is a cryptocurrency used to withdraw other cryptocurrencies due to its low cost, fees and transaction speed. Asian investors are interested in it, which also adds to its interest. What to do with Dogecoin? You can pass by, but it’s better to buy a couple of thousand Dogecoin coins, catch the bottom of the rate, hide them in the hope of waiting until 1 DOGE costs at least a cent. Great article 12
Real Browser Bitcoin Mining
The most popular Bitcoin faucet called offers mining in the browser. A separate project was created for this, but the same account is used.
After logging in, a simple form appears, in which you can select the load and indicate the number of cores involved for mining:
The top table shows the speed and amount of BTC earned. Set the settings at your discretion; if you do not plan to use the computer, you can select all cores and set the slider to 100%. The system will be loaded, but the profitability will be as high as possible.
Remember that with browser mining, profitability also depends on the power of the equipment used.
When using a PC, it is optimal to set it to 30%-50% (depending on what you are doing). The browser tab cannot be closed, and the collected BTC are transferred to the main balance of the Freebitcoin account.
Is Dogecoin mining profitable?
The profitability of dogecoin mining is influenced by a number of factors.
1. Computing power of the equipment. Everything is simple here: due to the high hashrate, higher profitability is achieved. Therefore, it will not be possible to mine dogecoin on a processor with great profit.
2. Total costs. This includes the cost of equipment (or its rental), electricity payments, commissions to pools and cloud services, etc.
3. Current Dogecoin exchange rate. As mentioned above, DOGE has risen in price by 2 orders of magnitude over the year. Therefore, the profitability of its production has increased significantly.
You can more accurately calculate the profitability of a farm using the calculators described above. They will also help determine the profitability of dogecoin mining on a processor.
Mining or buying?
The list of mining pools is extensive - there are already more than one and a half thousand of them in the world. The vast majority of users work through Bitcoin pools. The level of difficulty in mining this cryptocurrency is so high that you cannot make a profit alone, even with a super-powerful computer. Therefore, more and more new pools are being formed.
There are other cryptocurrencies, younger than Bitcoin, that are faster and easier to mine. But they have no real value on the network, and you can earn them only with the hope that their rate will increase in the future, and this is more like speculative mining.
It is worth noting that in 2022, mining of the most popular cryptocurrencies became industrial and for 95% of ordinary users (whose investments do not exceed $100,000), the most profitable format for investing in cryptocurrency is its direct purchase on the exchange. It is on the stock exchange, not in the exchanger because exchanges charge much lower commissions, provide maximum liquidity, and most importantly are safe to use.
The reliability of a cryptocurrency exchange is primarily determined by the trading volume and the number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. The site has the largest cash turnover and supports transfers in rubles from Visa/MasterCard and payment systems QIWI, Advcash, Payeer .
For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the TOP 5 exchanges that support deposits and withdrawals of funds in rubles, hryvnias, dollars and euros:
| # | Exchange: | Website: | Grade: |
| 1 | Binance (Editor's Choice) | https://binance.com | 9.7 |
| 2 | Huobi | https://huobi.com | 7.4 |
| 3 | Exmo | https://exmo.me | 6.9 |
| 4 | OKEx | https://okex.com | 6.5 |
| 5 | Bybit | https://bybit.com | 6.3 |
Especially for beginners, we have prepared a detailed guide: How to buy Bitcoin on a crypto exchange for rubles?
How relevant is Dogecoin mining?
Initially, Dogecoin was seen as a poorly suited currency for generating high profits. The coin was more focused on use within the community for various incentive, educational and even charitable purposes. However, the situation has changed somewhat after the sharp growth of the cryptocurrency market in 2020-2021.
The dramatic jump in the value of dogecoin in the first half of 2021 came as a completely unexpected surprise to many. Within a few months, DOGE quotes increased 200 times. Subsequently, the price fell slightly, but still the growth over the year is impressive - from $0.0028 to $0.24–0.30 per coin. Therefore, the question of how to mine Dogecoin on a processor or video card immediately acquired additional relevance.
Today there are more than 131 billion coins in circulation, the current value of DOGE is approximately $0.25 or 0.000005 BTC. Total capitalization is over $32 billion. The price increase over the year was 8,558.65%. All this attracts more and more people to mining dogecoins. Although, in terms of mining profitability, DOGE is still significantly inferior to the market leaders - Bitcoin and Ethereum. On the website bitinfocharts.com, the dogecoin hashrate is about 300 Thash per day.
Mining profitability calculators
Special network services - calculators - will help you calculate the level of profitability of mining. There are several most popular resources that allow, based on a number of digital indicators, to determine the profitability of mining the selected currency on a specific equipment configuration. Different services have their own nuances, but in general the following parameters are used:
• computing power of the equipment, or hashrate;
• Energy consumption;
• cost of electricity;
• pool service fee;
• cost of equipment;
• cost of a cloud contract - when renting remote capacities.
After entering all the data, you can get the approximate mining profitability. Different services have different additional capabilities or features. In some, you can enter a specific computer (or farm) configuration and get automatic hashrate values, others allow you to select the optimal currency. Let's list some popular calculators in which you can manually install the DOGE coin and calculate mining profitability.
1. Cryptocalc. Here you need to indicate the hashrate, consumption, cost of electricity and pool commission. The calculator will automatically show profitability for several periods - from a day to a year.
2. Minerstat. Another fairly simple and convenient Russian-language service that calculates profitability in almost the same way as the previous one.
3. Whattomine. A service without a Russian interface, but with wider capabilities. For example, here you can enter the cost of equipment and calculate its payback period.
ASIC
The most effective way to mine cryptocurrency. The main disadvantage is that until recently there were no integrated circuits for the Scrypt algorithm, so the choice is extremely limited.
The best option is Antminer L3+, released by the Chinese company Bitmain. On the official website it costs about $1,500, but not everyone can purchase the equipment, all this due to the shortage of high-quality integrated circuits. To buy an ASIC several times cheaper, look for L3+ on ebay and various free message boards.
The final decision remains with the user. It all depends on financial capabilities and assigned tasks.
WhatsMiner M3OS:
Pros:
— It is more powerful than Bitmain Antminer S19. — It can work in weather conditions below 0. — It is cheaper than Antminer S19.
Minuses:
— It consumes more electricity than Antminer S19. - It may be difficult to find. - It's very noisy.
Pros:
— It has the hardware of a regular computer, so it is easy to use. - It may be cheaper than an ASIC miner. — Details can be obtained on the gamer’s computer.
Minuses:
— It consumes a lot of electricity. - GPU shortage can be very costly. — It is not as efficient as an ASIC miner.
We've covered the best hardware to start cryptocurrency mining, now let's look at the best mining practices that miners prefer. When mining cryptocurrency, applications are just as important as hardware. Additionally, additional features and ease of use improve the overall mining experience. Mining Best Practices 2022 for Cryptocurrency Mining
EasyMiner:
— Has a successful global speech system. — Supports Bitcoin and Litecoin. — Works without additional configuration. - You can use an ASIC miner.
Cudo Miner:
- It can automatically exchange coins. — The main focus is on safety. - Supports all types of mining hardware, such as CPU, GPU and ASIC. — Has various controls and settings. - It can provide detailed return reports and status information.
CgMiner:
— This is an advanced tool for mining cryptocurrency. — Cross-platform mining possible. - It is command line based. - It uses virtually no computing power from your mining hardware.
