The total profitability of DOGE mining exceeded that of LTC by 200%.
The income from mining a “meme token” of 1 GH/s per day is about 25, which is ten times more than in early April this year also is associated with the recent increase in the cost of one DOGE. Across the identical duration of time, LTC mining by 1 GH/s has grown from 5 to 8, showing much more modest results than its “canine counterpart” in the market.
At the same time, those two blockchains operate due to the same PoW consensus using Scrypt. Accordingly, an ASIC created for mining LTC can easily cope with mining DOGE coins with a similar hashrate. In case the pool to which the miner is connected supports combined Litecoin and Dogecoin mining. The hashrate in pools today averages 350 TH/s. Market statistics only confirm the fact that the complete computing power of DOGE is keeping pace by LTC. This is facilitated by large pools as F2Pool, Litecoinpool.org, Antpool, and Viabtc.
The recent doggy boom markedly revitalized those interested in mining LTC tokens as they became even more active in acquiring ASICs for LTC. WeChat users in China also have noted an increased demand for used miners of LTC coins. One of these was AntMiner L3 presented back in the summer of 2017.
At the time of this writing, DOGE is ranked 4th on CoinMarketCap with a cost of one token of $0.60 on Binance and a capitalization of $78.2B. At the same time, Litecoin is still “content” with a price of $341 with a cap of $22.9M.
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