How do I mine Dogecoin?
JesseWith thousands of cryptocurrencies to choose from, the crypto world can be quite overwhelming.
For some of you, you might choose to get involved with crypto through mining Dogecoin (DOGE). Why? Maybe it’s that cute and fluffy Shiba Inu face that you see everywhere. Or you might have heard that Dogecoin, surprisingly - considering it was created as a joke - has generally held its value over time.
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How to Mine Dogecoin
Now for the fun part - how to mine Dogecoin!
Initial Requirements
Before getting started, you want to make sure that you have all the necessary requirements.
1. A good, uncapped Internet connection
One of the things you’ll need is a solid, unlimited Internet connection. You don’t want your Internet to be slow or cut in and out when mining. If you’re not connected to the Internet, you’re not mining.
For slow connections, even if you’re connected, you don’t want to be communicating slowly with the network because that would decrease your chances of receiving block rewards if you and another miner with faster Internet send your results at the same time.
2. Electrical capacity
Since mining is energy-intensive, you want to make sure that your electrical system can handle your Dogecoin mining needs. See the energy requirements of the things you’ll use like cooling and mining equipment.
3. Heat management (e.g. cooling system, fans)
Another thing you need is good heat management. Mining equipment can run hot, and you still want to make sure you have the proper cooling in place to make sure your equipment and mining space, such as your garage, don’t overheat.
4. An ASIC (or other mining equipment)
While ASICs can be pricey, they are pretty much a must have if you actually want to turn a decent profit and not just mine for fun. Your best bet is probably the Bitmain Antminer L3++, which has a good combination of high hashrate, moderate power consumption, and relatively affordable price.
5. A Dogecoin wallet
If you’re still determined to mine DOGE, another thing you’ll need is a Dogecoin wallet to send your mining profits, too.
The official DOGE wallet is a good choice if you only use DOGE and want something that supports major desktop platforms (Windows, macOS, and Linux) as well as Android.