Dogecoin (DOGE) is a cryptocurrency based on Litecoin and named after the Internet meme Doge. This cryptocurrency gained worldwide fame thanks to the attention of Elon Musk and of course his tweets.
Today, it is the most popular and used cryptocurrency in the world. Note, unlike other cryptocurrencies, Dogecoin has a fairly fast mining period. Dogecoin block creation takes about a minute on average.
People around the world use DOGE in different ways, some to make money on buying and selling, others use the power of their computers to mine tokens.
What is cryptocurrency mining?
Mining is a solution to complex mathematical calculations for conducting transactions, miners use computers to process transactions and add blocks to the network. As a reward for the work done on the blockchain network, tokens are provided to miners. For example, for processing Dogecoin transactions, miners receive DOGE emoji coins as a reward.
CPU or GPU for Dogecoin mining
- CPU: You can mine Dogecoin using your computer, for this you need to use a central processing unit (CPU), which is able to receive and execute commands. For this type of mining, you can get software for free and use the computing power of your computer for mining.
- GPU: Mining using a graphics processing unit (GPU). The graphics processor, due to its high functionality, can be used for machine learning, games, as well as for mining cryptocurrencies. This processor allows you to process a large amount of data of varying complexity
GPUs are more suitable for mining Dogecoin, as they can handle a large volume of operations and are less likely to overheat while mining tokens.
Those who prefer GPUs for mining Dogecoin will be helped by software from Hive OS , which has a clear and accessible interface.
Mining money Dogecoin
Mining pool - you can even say that this is a community that has centralized computing power for mining cryptocurrency on the blockchain network. In the pool, the computing power is distributed over the network, respectively, and the reward is also divided equally, in accordance with the amount of work done, in the probability of finding a block. The Dogecoin mining pool can make your job easier and give you the opportunity to earn more money.
Hive OS is a one-stop solution for control, monitoring, administration of your mining farms and mining pool.
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