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What is Dogecoin? How to mine Dogecoin?

Dogecoin is an open source peer-to-peer digital currency, favored by Shiba Inus worldwide.

What is Dogecoin?

Dogecoin is a decentralised cryptocurrency based on the doge meme. While it was initially launched as a joke, the idea of the coin caught on quickly, as the community loved the idea of a cryptocurrency coin that didn’t take itself too seriously. 

How to mine Dogecoin?

You can’t mine Dogecoin directly. To protect the network from 51 percent attacks, the developers decided to enable ‘merge mining’ which allowed the Dogecoin network to receive hashrate from other proof-of-work blockchains running on the same scrypt-algorithm. Merge mining allows miners to contribute computing power to two chains at once and thereby compete for both rewards, without having to split the provided hashrate among the two networks.

 If you want to earn Dogecoin by mining, you would need to mine a different coin and then the reward can be converted into Dogecoin.In the world of crypto mining, having more computing power gives the miner an edge. The more power you have, the more hashes you can solve and that increases your chances of being the first miner to solve the block and receive the reward.


BTC
Shut Down
Issue amount 21000000
24 hours volume 998.36K
24 hours turnover $ 25.98B
Market Direction Short
Panic Index 79 (Extremely greedy)
Swap Rate 4.88%
Market Value Proportion 47.78%
market value $ 5,976.39 x 100 million
24 hour increase 0.50%
Computing power 578.43 EH/s
daily output 0.00000154 BTC / T
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
LTC
Shut Down
Issue amount 84000000
24 hours volume 9.53M
24 hours turnover $ 711.36M
Market Direction Short
Swap Rate 12.90%
Market Value Proportion 0.38%
market value $ 31.24 x 100 million
24 hour increase 0.28%
Computing power 964.42 TH/s
daily output 0.00000427 LTC / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
BCH
Shut Down
Issue amount 21000000
24 hours volume 2.62M
24 hours turnover $ 308.54M
Market Direction Short
Swap Rate 13.63%
Market Value Proportion 0.21%
market value $ 30.69 x 100 million
24 hour increase -2.55%
Computing power 2.72 EH/s
daily output 0.00033036 BCH / T
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
FIL
Shut Down
Issue amount 2000000000
24 hours volume 95.60M
24 hours turnover $ 506.27M
Market Direction Short
Swap Rate 17.90%
Market Value Proportion 0.14%
market value $ 80.21 x 100 million
24 hour increase -3.58%
Computing power 22.63EiB
daily output 0.00503958 FIL / TiB
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
XCH
Shut Down
Issue amount 31005582
24 hours volume 480.22K
24 hours turnover $ 14.80M
Market Direction Short
Swap Rate 17.32%
Market Value Proportion 0.01%
market value $ 6.00 x 100 million
24 hour increase -1.38%
Computing power 14912.60839843 PiB
daily output 0.00022488 XCH / TiB
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
ETC
Shut Down
Issue amount 210700000
24 hours volume 31.82M
24 hours turnover $ 799.17M
Market Direction Short
Swap Rate 23.14%
Market Value Proportion 0.33%
market value $ 29.60 x 100 million
24 hour increase 7.92%
Computing power 153.62 TH/s
daily output 0.00010289 ETC / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
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