How to Mining Dogecoin on PC for Beginners
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How to mine Dogecoin? You must first know what crypto asset mining is in general. Dogecoin and all of these crypto assets operate on a network called Blockchain, which works by adding new blocks to a decentralized ledger.
Mining is arguably one of the important things for the development, maintenance and rotation of cryptocurrencies. Simply put, crypto mining work is a sophisticated hardware work system that must solve complicated mathematical calculation problems.
So, a computer (PC) or laptop that manages to solve the problem will get a new block. From there, the process repeats again and the miner will receive a new mint coin reward, for completing a block.
So far, there are two ways to mine crypto, namely Proof of Work (PoW) and Proof of Stake (PoS). If this PoW is all the types of hardware needed for mining, such as GPUs, ASICs, and FPGAs. Meanwhile, PoS tends to be an alternative to PoW, which works with a consensus mechanism where crypto validators share the task of validating transactions.
Bitcoin, as many believe, is the main and oldest crypto asset by market capitalization and uses a hashing algorithm called SHA-256. The hashing algorithm is just a function to generate long code, but still uses certain techniques. Each hashing algorithm uniquely creates a random code. Bitcoin mining is more difficult than dogecoin mining
The difference with Dogecoin, this meme asset uses a hashing algorithm called Scrypt. This algorithm is not as complicated as Bitcoin's SHA-256. This makes Dogecoin mining much faster and energy efficient than BTC.
Indeed, there are still many crypto assets that have limited supply. Bitcoin, for example, has 21 million in supply whereas Dogecoin does not. This means, its mining and circulation capacity increases continuously. This provides the larger block time between the two, where a new Dogecoin block is discovered every minute, whereas a Bitcoin block, every 10 minutes.
Here, we'll give you a tutorial on how to mine Dogecoin, including how to run a mining node and software. We've listed the top mining software and methods you can use to mine crypto.
How to Mine Dogecoin on PC
1. Download unMinable- Essential For Dogecoin Mining
Recently, our team found dogecoin mining software that you can use to mine coins using GPU and CPU. This Dogecoin mining software makes your process really easy, so all you have to do is set up a little, and then let the system work. If you've reached the minimum payout, you can sit around and receive payments to your digital wallet.
Just make a note, if you install mining software sometimes it will be detected as a virus. But don't panic yet, because there are lots of software that detect viruses even though they aren't. So that it's comfortable to run, you can add your mining software to the list of exceptions to the antivirus and firewall. Or, you can first turn off the antivirus and firewall until your mining software installation is complete.
In the browser, you can first open Settings. After that, click "Privacy & Security", enter the "Security" option. Under "Safe Browsing", you can click on the "Unprotected" option.
For Windows only, open Windows Settings, then navigate to “Windows Security”. If so, you can click "Virus & Threat Protection". Then click “Manage Settings” and turn off “Real time protection”. Don't forget, make sure you activate everything again when you have finished the installation process.
2. Create a Digital Wallet
When it comes to wallets, you can use wallet codes that are listed on exchanges such as Tokocrypto, Indodax, Binance. So now we are in preparation for mining. Make sure the code is from Dogecoin coin.
First, first select mining hardware. The interface is quite simple, because you can choose GPU or CPU. If you are interested in the most prizes, you can use the GPU. Don't rush, as you have to meet certain minimum requirements for mining.
If you need to select a specific location for the miner store executable, you can hit update. Then, you can customize your assets, wallet and referral code. If so, you press the start button.
After pressing the button, now you are on a screen where there is a choice of the current mined balance, what is the minimum payment and what is your hashrate. This hashrate can also be carried over to their website, to determine how long it will take for payments to be received.
We can continue to refresh this information, by pressing the refresh icon next to Balance. For example, the payment for DOGE is 30 DOGE. That means I have to mine 30 DOGE, before unMineable can transfer payments to our wallet.
Once you get at least 30 DOGE, unMineable will send your Dogecoin directly to your Atomic Wallet. That's all! Your Dogecoin mining journey begins. Now, you can track how much DOGE you generate per day.
At the bottom, there is a description of the GPU hashrate based on the unMineable calculator for DOGE mining. For example, we will generate around 4.8 DOGE per day, then running this miner 24 hours a day, we can generate 146 DOGE in a month. Not too bad right?
There are some additional settings, which you can access by clicking on the gear icon at the bottom. One of the settings is low, high, and custom mining intensity settings. From the experience of some users, they use computers while mining. Mining Low could be a better choice.
If you want to leave your computer running overnight or remotely, High Mining will give you quite a bit of hashing power. As for custom, you can add some additional parameters for more advanced miners.
Dogecoin Mining Risks
Keep in mind, mining Dogecoin also has risks, you know. Before you dive into Dogecoin mining, there are a few things you should know. The first factor that you should consider, this crypto asset is very volatile. For example, you mine 300 DOGE in a week and earn US$ 60. The following week, your valuable DOGE may suddenly drop to US$ 1 following market conditions.
The second factor, increased wear and tear on the hardware. Mining, as you all know, requires a laptop or computer to be continuously running for hours on end, which can affect the internal life of the system.
The third factor, electricity. Laptops packed with powerful GPUs usually don't have the best battery life. This means you have to keep the charger plugged in all day long. Consider your electricity bill too, considering that this mining affects your profitability (unless you are altruistically willing to contribute resources to the Dogecoin blockchain, even if you are operating at a loss to help verify transactions and maintain their integrity).
The fourth factor, energy consumption. Dogecoin, according to data from TRG Datacenters, costs the environment less than Bitcoin and Ethereum. DOGE uses 0.12 kWH of energy per transaction, while BTC and ETH use 707 kWh and 62.56 kWh per transaction, respectively. However, mining isn't exactly eco-friendly, so you might have to keep that in mind.
The fourth factor, GPU shortage and Nvidia's crackdown. If you decide to build a mining rig and secure multiple GPUs, you should know that there is a shortage of graphics cards due to the skyrocketing popularity of crypto mining.
Companies like Nvidia are also annoyed, because all the crypto nerds are buying up lots of GPUs, which frustrates their main consumer base (gamers). Because of that, to secure their products, Nvidia applies crypto restrictions on some graphics cards (eg RTX 3060 Ti, 3070 and 3080). This drastically reduces their mining performance.
DOGE mining, depends on your GPU/CPU. Mining coins can take a while, you also have to be patient. Use this as a way to make a little extra investment in the crypto market. You probably won't make much money, but if you want to start with some crypto in your pocket, why not?
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