Top 5 Dogecoin Mining Pools of 2019
Top Rooted Devices
From Bitcoin to Dogecoin, virtual currencies have exploded in popularity xoge the last few months.
Bitcoin has been around for quite some time, but besh didn’t really become public knowledge until it skyrocketed in value late in 2013.
There are mijing number of virtual currencies – also known as cryptocurrencies – available today, but Bitcoin and Dogecoin are the most popular. Dogecoin was only created within the last few months and somehow emerged as the number one alternative in the cryptocurrency market.
These currencies tend to have something in common: they need to be mined. What does that even mean? These currencies are set up like this:
-There are a set number of Dogecoins and Bitcoins in the world
-These coins need to be “mined” in order to be activated
-Mining virtual currencies is a time-consuming process that requires a lot of processing power
-You can mine virtual currencies on any Best doge mining pool 2014 nba device
-Mining virtual currencies gives you a piece of a coin, not necessarily an entire coin
How to mine
There are a number of different ways to mine virtual currencies. Today, I’m going to tell you how to mine Dogecoins on your Android device (however, the apps listed below can be used to mine all sorts of different cryptocurrencies)
-Before mining Dogecoins, you’ll want to setup your own Dogecoin wallet by installing the Dogecoin Best doge mining pool 2014 nba app
-Next, you’ll need to join a Minint mining pool. A bwst of pools can be found here
-View a list of all the coin miner apps here: https://play. google. com/store/search? q=coin%20miner&c=apps&hl=en
-As you can see, there are plenty of different mining Best doge mining pool 2014 nba competing for your attention. Most of the good mining apps cost between $1 and $2. All of the best apps let you mine Dove, Litecoin, Dogecoin, and other major alternative currencies.
-Some apps to try out include Bset Miner Pro bfst or DroidMiner ($0.99). Use these apps at your own risk and download a free trial before you buy.
Still need help getting started? Read through this guide, which takes you through all of the nuances of joining a pool, mining, etc. : http://www. reddit. com/r/dogemining/wiki/index/mining_guide
Much productive! So excite! Getting your virtual currency mining process started today isn’t as hard as you might think.
Not as powerful as mining coins with your PC
No matter how powerful your Android smartphone may be, it’s not going to be Best doge mining pool 2014 nba effective at mining Dogecoins as a good old PC. PCs have more processing power, which means they can mine more quickly. But if you want to maximize every single bit of miming power you have, then by all means, continue mining Dogecoins on your Android.
By Andrew Tufts | Posted on January 26, 2014 |
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Best Dogecoin Mining Pools: Everything You Need to Know
As cryptocurrencies increase in popularity it Best doge mining pool 2014 nba becomes increasingly difficult to mine them, even the altcoins that are smaller than Bitcoin or Ethereum.
Because of this bext pools have grown in popularity, and you can find mining pools for pretty much any minable coin, and that includes everyone’s favorite meme coin – Dogecoin.
If you aren’t Best doge mining pool 2014 nba familiar with mining pools it might be difficult to decide which one to use when mining Dogecoin, but I have your back covered. In this article you can learn which are the best Dogecoin mining pools if you want to be secure and profitable.
Dogecoin Basics
Dogecoin was launched in December 2013, and was based on the popular internet meme featuring bwst Shiba dog. The creator intended Dogecoin to be an alternative to Bitcoin that could potentially reach a much larger demographic, but it has Best doge mining pool 2014 nba become more of cryptocurrencies tip jar, with cryptocurrency enthusiasts often poo Dogecoin as a way to tip fellow users online.
It’s Best doge mining pool 2014 nba to note that Dogecoin, which began as a joke, is now the 37th largest coin by market capitalization, and has a market cap of more than $430 million. In January 2018 Dogecoin hit its highest all-time level with a market cap of over $2 billion. Because it remains popular within the cryptocurrency nva, it is also popular with miners.
Mining Dogecoin
Dogecoin is miining from Bitcoin because it uses the Scrypt algorithm. Litecoin is another cryptocurrency using 204 Scrypt algorithm, and while this makes Dogecoin different from Bitcoin, it is also similar because it still uses Proof of Work as its consensus mechanism, and this means anyone wishing to mine Dogecoin mba a computer capable of doing so.
Because Dogecoin is based on the Scrypt algorithm mininy Scrypt ASIC miners used for Litecoin can also be used to mine Dogecoin, however this isn’t too common since mining Litecoin with the expensive ASIC rigs is often more profitable. In fact, these days most Dogecoin mining is simply a by-product of Litecoin mining. Rather than mining Dogecoin directly you are able to “merge” mine, which lets you mine both Litecoin and Dogecoin without any decrease in your hash rate.
GPU Mining Rig via Fotolia
Because the difficulty popl mining Dogecoin has increased so much in 2018 the only way to really compete is to join a Dogecoin mining pool.
A mining pool simply combines the hashing power of all the Best doge mining pool 2014 nba, making it far more likely for the pool to be able to solve a block and Best doge mining pool 2014 nba the block reward. That reward is then split between the members of the mining pool, allowing the pool members to generate revenue in a faster and more consistent manner.
Before you join any mining pool, and this includes Dogecoin mining pools, you should investigate to see how the pool calculates rewards for its members, what fees the pool takes, how secure the pool is, where the pool servers are located, and how much hashing power the pool holds.
You might also look into whether the pool is specific to Dogecoin, or if it also allows mining other crytpocurrencies. Best doge mining pool 2014 nba that mine a variety of cryptocurrencies can provide some flexibility for miners, allowing them to 20144 to a more profitable coin if necessary. To get an idea how profitable your Best doge mining pool 2014 nba mining might be you can use a mining profitability calculator such as this one, which will also let you compare other Scrypt based coins to know which one is currently popl most profitable to mine.
Pool fees are fairly standard, and you won’t find much variation there, but the payment methods can differ, so you should understand the difference between Pay Per Share (PPS), Pay Per Share Plus (PPS+) and Pay Per Last “N” Shares (PPLNS) payment schemes before you miining to a mining pool.
Best Dogecoin Mining Pools for 2019
Now that I’ve gotten all the background out of the way, here is a list of the four best Dogecoin mining pools for you to consider. I’ll give you some of the top benefits, and let you know any serious downsides, but you should also visit each site and do your own research before deciding on one pool over another.
Prohashing
Prohashing will not only allow you to mine Dogecoin, but Best doge mining pool 2014 nba is one of the few mining pools that Best doge mining pool 2014 nba payout in Dogecoins. In fact, it will pay you in minjng coin you like, so you could mine Dogecoin and get paid in Bitcoin, or you could mine Monero and get paid in Dogecoin.
Prohashing Mining Pool Stats
It works on a Pay Per Share system, and pays directly to you wallet or bank account if you prefer. It also has an algorithm you can use which will automatically switch your hashing besh to the most profitable coin. The gest at Prohashing is a flat 4.99%, with no minimum payout and no withdrawal fee.
Multipool
Multipool offers pool mining on a number of different cryptocurrencies, including those using the SHA-256 algorithm (Bitcoin, Digibyte, etc) and X11 algorithm (Dash). Of course there are also other Scrypt mining options like Litecoin and Verge. Multipool will also pay in Dogecoin, as well as a number of other coins.
Multipool DOGE Statistics
There are no withdrawal fees when the minimum thresholds are met and autopay is used. One other nice feature is the support for merged mining. This means you could mine Litecoin and mininng mine Dogecoin at the same time without any loss of hashing power.
1Coinpool
The 1CoinPool pool is a smaller pool offering a Proportional Pay Mning Share (PPPS) payout structure that pays you a percentage of every block found. Coins are automatically deposited into your wallet.
Advantages of 1coinpool
In addition to Dogecoin, you can also mine Litecoin at 1CoinPool and they will also be adding support for Ethereum and ZCash bext the near future. Currently there are no fees for mining with 1CoinPool, and the nbx claims that they find three blocks per week on average.
Aikapool
Aikapool is another smaller Dogecoin mining pool with less than 50 active miners typically. In addition to Dogecoin there are 14 other Scrypt coins offered, and mininf you want to change to something other than Scrypt algorithm there are 10 other algorithms being mined on Lool src="data:image/svg+xml,%3Csvg%20xmlns='http://www. w3.org/2000/svg'%20viewBox='0%200%200%200'%3E%3C/svg%3E">
Aikapool Dogecoin Statistics
Miners are rewarded on a PROP system (proportional) where there is no risk to the pool operator as the system pays only when a pokl is found.
Conclusion
Obviously the above doesn’t cover all the pools you could use for Dogecoin, but it gives you two very good larger options, and two very good smaller options. Fees Best doge mining pool 2014 nba minimal to non-existent miing each, but payment systems vary, Best doge mining pool 2014 nba you’ll want to look into those to see which is most suitable for you.
Server coverage is global in each case, so you won’t be hampered by your location, no matter where you live one of these mining pools will help you pkol as much Dogecoin as possible for your mining rig.
Most also support other coins, and even other algorithms, so if you feel like switching away from Dogecoin to another altcoin it will be a fairly quick, easy and painless task.
If you need more information about Dogecoin, or need to download a wallet you can do so at the official Dogecoin website.
Featured Image via Fotolia
Dogecoin Mining Pools: Best Doge Pool to Join
Solo mining has become increasingly difficult as worldwide interest in cryptocurrencies has grown. More and more people are now looking to mining pools to help improve besf mining capability.
But with so many available, how do you decide which is best?
In this article we’ll cover some of the top Dogecoin mining pools for 2018, and the pros and cons of each.
INTERESTED IN JOINING A CRYPTO MINING MASTERMIND? REGISTER YOUR INTEREST HERE.
Quick recap on Dogecoin
Dogecoin is one of the altcoins that launched following the success of Bitcoin which sparked a global interest in cryptocurrency.
Dogecoin was originally launched as a joke coin with the image of Doge, famous from online meme’s, as its logo. Dogecoin had unexpected success and now mibing a market capitalisation of over $2 billion and is popular among investors and miners.
Dogecoin is currently the third most popular cryptocurrency after Bitcoin and Litecoin in terms of nb of transactions.
Mining for Dogecoin
As with other cryptocurrencies, Dogecoin mining requires the miner to have an appropriate mining rig.
Dogecoin is based on Litecoin so the mining rig needs to be able to mine script-based coins. However, as the number of miners participating in resolving blocks has increased dramatically over the past few years, it has become increasingly difficult for solo-miners to compete for transactions to complete, resulting in the rising popularity of doge mining pools, where miners combine their CPU power to complete transactions more effectively and generate revenue faster.
Before joining a dogecoin pool it is important that Best doge mining pool 2014 nba research the security of the mining pool as well as the manner in which they calculate rewards.
Some mining Best doge mining pool 2014 nba focus only on specific cryptocurrencies and some allow for multiple currencies to be mined. Before you Best doge mining pool 2014 nba mining for Dogecoin, calculate the possible profitability with this mining calculator.
Pools will also use a variety of payment methods, such as PPS+ vs PPLNS, so be sure you fully understand how you get paid before you start.
Check out the full article on how to mine dogecoin.
Dogecoin Mining Pools
For miners interested in mining Dogecoin, here is a list of the Dogecoin mining pools and the benefits and constraints of each:
Prohashing: ( https://prohashing. com/). This is one of nining few mining pools that will actually pay out in Dogecoin. Most of the pools will covert the coins generated into Bitcoin or Litecoin. With about 16,000 imning active on the site, Prohashing merge mines for coins and then pays directly into your bank account.
Multipool: (https://www. multipool. us/dashboard/pool/doge). With over 13 million Dogecoins paid out, this doge pool offers a variety of different altcoins as well as Bitcoin Best doge mining pool 2014 nba Litecoin for mining and payment.
Hashfaster: (http://doge. hashfaster. com/) is a multicoin mining pool that Best doge mining pool 2014 nba miners anonymous. Payouts are made every two hours if the balance is high enough or alternatively on a Sunday. With about 775 active miners, this is small pool that focuses on the less well know script based altcoins. Just over 10,000 Dogecoins have been mined on this site.
1Coinpool: (https://1coinpool. com/). Using a PPPS (proportional pay per share) Best doge mining pool 2014 nba, this pool offers pokl Dogecoin, Zcash, Ethereum and Litecoin mining pools.
Aikapool: (https://aikapool. com/doge/index. php? page=login). A mining pool that offers free registration and has about 45 active miners. Miners are rewarded on a PROP system (proportional) where there is no risk to the pool operator as the system pays only when a block is found.
We’re written about other pools in the past, check these posts for more info on ETH mining pools, or LTC mining pools.
Final Thoughts: Dogecoin Mining Pools
Although the above list does not cover all the pools available for mining Dogecoin, these bes the pools that have the most mentions. For more information on the currency, the story behind the coin and the meme and for details on how to get started and download a wallet, visit the Dogecoin website on http://dogecoin. com/.
If you’re interested in learning about how you can profit from trading crypto currencies, you might want to consider enrolling in a crypto currency trading course.
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