Hash Rate Distribution (last 21 hours)
The best Bitcoin mining pools
One of the reasons for the popularity of Bitcoin and other cryptocurrencies is that people can get money by mining them. However, the rapid growth in the number of people engaged in mining has led to the fact that solo mining, even Dogecoin mining pool distribution definition powerful video cards and special ASIC processors, has gradually become less and less effective. As a result, pools have appeared.
What is mining pool
A pool is a platform with specialized software on which miners combine the computing power of their equipment for more efficient mining of a particular cryptocurrency. Mining pools have different reward systems. The most popular pools in 2020 are Poolin, F2Pool, BTC. com, AntPool, ViaBTC.
Why do people need pools? The Bitcoin mining difficulty is so high these days that it is impossible to mine cryptocurrency solo. That’s why miners decided to combine their power and share their reward between the members.
How to join a pool and start to mine
- Register on the pool that you wantDownload a special software for the pool on its website. It will help to manage mining processes. Set up your mining hardware and configure your equipment. It can include server IP, mining url, your account username, mining worker name and password. Dogecoin mining pool distribution definition pool has a thorough guide for every coin. Add a payout address to receive coins on your wallet. Awesome, you are ready to mine.
Decentralized vs centralized mining pools
There are two types of mining pools – decentralized and centralized. Today, most of the pools are centralized meaning that the servers are controlled by a single company. Each member shares its hashrate to a pool which combines them to solve a mining problem more effectively and receive a reward. If the pool manages to close a block the reward will be shared between all the members.
Descentalized pools are more rare these days. The main advantage of such services is that they follow the main principle of blockchain. Each miner represents a separate node which participates in mining. The most popular decentralized pools are Eligiusm, P2Pool and BitPenny.
How is the reward distributed?
Back in the days there were dozens of reward payout methods in pools. Double Geometric Method, Equalized Shared Maximum, Pay Per Share, Pay On Target, Proportional etc. Currently, there are only four methods left which are widely used by pools.
PPS (Pay Dogecoin mining pool distribution definition Share)
PPS is a payment method that involves a fixed payment for each share provided by the user. It is one of the most common models in miner reward distribution pools. The pool determines the cost of each share independently from the calculation of the network complexity, network reward, block time and the pool’s own power.
This method is stable and means that you will always receive a payment no matter if the pool fails to mine a block. However, be ready for high fees of 5-7% as the service tries to mitigate risks.
PPLNS (Pay Per Last N Shares)
PPLNS is a payment for the last N shares. Unlike PPS, this system doesn’t provide a fixed reward amount for each share. And if the pool Dogecoin mining pool distribution definition to mine a block, the members don’t receive any reward. In this case fees are almost zero because the pool only pays miners what they have mined.
PPLNS reward is calculated proportionally to the amount of shares the miner has done. For all the shares you’ve sent a special coefficient is applied which varies from 0 to 1 Dogecoin mining pool distribution definition an increase in the sent shares. For example, a Dogecoin mining pool distribution definition with PPLNS payment indicates that 1000 shares are taken for calculation. Therefore, your estimated power for receiving a reward will gradually increase from 0 to your maximum hashrate. Only after receiving the first 1000 shares from you, the pool will give the reward for the share in full. The number of shares used to calculate PPLNS is different for all pools and depends heavily on cryptocurrency.
PPS+ (Pay Per Share + Pay Per Last N Shares)
It is a combination of these two methods. The reward is settled according to PPS method and miners are paid a part of the transaction fees based on PPLNS system (but only if the pool finds a block)
FPPS (Full Pay Per Dogecoin mining pool distribution definition is similar to PPS +, but the commission included in the block is also paid according to the PPS principle, not PPLNS
How to choose a pool
Hashrate – the higher hashrate the more power the service accumulates. It has the larger chance to mine a block and get a reward, but at the same time your share in the total hashrate will be much less. So, you will receive less coins that you could in other pools with lower hashrate. Reward distribution method – today services use two types of Dogecoin mining pool distribution definition Pay Per Last N Share and Pay Per Share. Fees – the pools have two types of fees: for mining itself and funds withdrawal. Fees are usually quite small – around 1% and not higher than 5% of the reward. Thought, some of the services practice hidden fees so you should be careful before joining them. Reputation – before joining a pool you’d better learn feedback from other users in reddit or bitcointalk forum. There’s no ideal service and of course there will be both negative and positive reviews.
Best Bitcoin mining pools
The cryptocurrency mining market is already divided by the Dogecoin mining pool distribution definition mining “coalitions”. It is quite logical, considering a simple rule: the more miners use the pool – the larger hashrate and effectiveness of mining. We can start it with a chart of the largest mining pools today:
Pooling
Hashrate: 22.41 Eh/s
Reward payout method: FPPS, PPLNS, PPS
Fees: 2%-4%
A relatively young pool appeared in 2017, which became the largest pool Dogecoin mining pool distribution definition in 3 years. It is a multi-currency pool where you can mine BTC, BCH, BSV, DASH, ZEC, RVN etc. The pool uses three types of reward payout: FPPS, PPLNS, PPS depending on the coin. Mining fees vary from 2% to 4% depending on the coin too. The payout of yesterday earnings is made every day at UTC 2:00-4:00.
F2Pool
Hashrate: 21.10 Eh/s
Reward payout method: PPS, FPPS
Fees: 2.5%
F2Pool is one of the oldest mining pools founded in 2013 and still manages to hold its leading positions. Currently, the service supports more than 40 cryptocurrencies including BTC, ZEC, LTC and others. Dogecoin mining pool distribution definition makes this platform special? F2Pool is a decentralized platform – it increases trust for advanced crypto enthusiasts. The platform's reputation has never been besmeared. And it has Android and iOS Dogecoin mining pool distribution definition to manage your account on a go.
BTC. com
Hashrate: 11.65 Eh/s
Reward payout methods: PPS, FPPS
Fees: 1.5%
It is Dogecoin mining pool distribution definition mining pool launched by ASIC producer company Bitmain in 2016. Despite the name the Dogecoin mining pool distribution definition isn’t limited only to a digital gold. The pool supports BCH, LTC, GRIN, ETH, ETC, DCR, BEAM, CKB and UBTC. BTC. com Dogecoin mining pool distribution definition the miners a reward with PPS or FPPS methods.
The service lets users change coins they mine just with a few clicks using a one-button switch feature. You can change one currency to another of the same algorithm without changing a configuatiration of the miner. For instance, you mine BTC and want to change to BCH because the earnining are higher now. So you don’t need to change the mining address and configure your equipment, just press one button in the special menu.
AntPool
Hashrate: 10.76 Eh/s
Reward payout methods: PPS, PPLNS, Solo
Fees: 0%
Another creation of Bitmain, which was initially used as a testing ground for their new ASIC equipment and later expanded to a pool leader. Today the service can attract users with a nice interface and features like a mining calculator and cloud mining in solo mode.
Customers can withdraw a reward daily with minimal commision. THe only condition for the withdrawal is the presence of a new block. They use three payment systems: PPS, PPLNS and Solo when a reward goes to one miner in solo mode.
Antpool doesn’t charge fees but keeps about 1 or 2 Bitcoin from a transaction fee reward to Dogecoin mining pool distribution definition and doesn't share it with miners.
ViaBTC
Hashrate: 4.48 Eh/s
Reward payout methods: PPS+, PPLNS, Solo
Fees: 1%-4%
ViaBTC is a cloud mining pool for popular cryptocurrencies. The main feature of the pool is transaction acceleration service which increases priority of BTC transactions. By the way, this service is paid and free, but it depends on the urgency of processing. The service uses three methods of reward distribution:
- Pay Per Share + (PPS+) – payment on receipt of a share. Miners receive rewards only when they provide a share of evidence of work. The pool has this option by Dogecoin mining pool distribution definition. The commission is 4% per block and 2% per transaction;Pay Per Last N Shares (PPLNS) – the reward is awarded for a certain number of shares sent by the miner in case the Dogecoin mining pool distribution definition is found by the pool. Commission - 2%;Solo – the miner counts on himself, and the reward for the found block goes only to him. The commission is 1%.
Huobi Pool
Hashrate: 5.38 Eh/s
Reward payout method: FPPS
Fees: 0.8%
Huobi Pool is a large and fast developing multi-currency pool based on Huobi Global exchange. The pool was launched in April 2018 and the Dogecoin mining pool distribution definition cryptocurrency supported by the platform Dogecoin mining pool distribution definition Bitcoin. The platform offers two services: PoW Mine Pool and EOS Super Community. The first one is oriented on mining and the second is a platform for DPoS voting in the EOS network.
The service uses FPPS for Bitcoin and Ethereum and PPS for other currencies as a reward distribution method. Currently the transaction fee is about 0.8%
Slush Pool
Hashrate: 4.64 Eh/s
Reward payout method: Score
Fees: 2%
It is the very first mining pool for Bitcoin, and was a pioneer in this mining model. The pool offers only BTC and ZEC mining and has its own payment method called Score. It is based on a scoring hashrate – moving average of the actual hash rate with ramp-up/ramp-down period when you start or stop mining. As for fees the service takes 2% flat fee.
OKExPool
Hashrate: 2.69 Eh/s
Reward payout method: FPPS, PPS+, PPS
Fees: 2%-4%
As you already understood it is a pool by one of the biggest exchange platforms OKEx. The service works with 10 cryptocurrencies from Bitcoin to Decred. You can easily swap coins you mine of the same hash function with one click. For example you can start mining BTC instead of BSV or BCH without changing equipment settings.
The pool supports FPPS for Bitcoin, Bitcoin Cash and Bitcoin SV and PPS+ or PPS for other currencies. The fees vary from 2% to 4% and also depend on the mined coin.
What is a Pool?
Jordan Tuwiner Last updated March 12, 2020
Now that you have Bitcoin mining Dogecoin mining pool distribution definition, your next step is to join a Bitcoin mining pool.
What is a Mining Pool?
Mining pools are groups of cooperating miners who Dogecoin mining pool distribution definition to share block rewards in proportion to their contributed mining hash power.
While mining pools are desirable to the average miner as they smooth out rewards and make them more predictable, they unfortunately concentrate power to the mining pool’s owner.
Miners can, however, choose to redirect their hashing power to a different mining pool at anytime.
Pool Concentration in China
Before we get into the best mining pools to join, it’s important to note imning most mining pools are in China. Many only have Chinese websites and support. Mining centralization in China is one of Bitcoin’s biggest issues at the moment.
There are about 20 major mining pools. Broken down by the percent of hash power controlled by a pool, and the location of that pool’s company, we estimate that Chinese pools control ~81% of the network hash rate:
Bitcoin Wallets
Before joining Dogecoin mining pool distribution definition mining pool:
You’ll need a bitcoin wallet. Why?
This is because all Bitcoin mining pools will ask you for a Bitcoin address that will be fistribution to send your mining rewards and payouts.
Our guide on the best bitcoin wallets will help you get a wallet. Read the full guide.
The Biggest Mining Pools
The list below details the biggest Bitcoin mining pools. This is based on info disstribution Blockchain’s pool share chart:
We strongly recommend new miners to join Poolin or Slush Pool.
1. Poolin
Poolin is a public pool which mines about 18% of all miming. They are based in China, but have a website fully piol in English.
2. F2pool
F2Pool drfinition based in China. It mines about 17% of all blocks.
3. BTC. com
BTC. com is a public mining pool that can be joined and mines 15% of all block. We strongly recommend joining Slush Pool or Poolin instead.
4. Antpool
Antpool is a mining pool based in China and owned by BitMain. Antpool mines about 11% of all blocks.
5. ViaBTC
ViaBTC is a somewhat new mining pool that has been around for about one year. It’s targeted towards Chinese miners and mines about 9% of all Dogecoin mining pool distribution definition. 1THash&58coin
This is a Chinese pool made from two pools: 1THash and 58coin.
7. Slush
Slush Pool was the first mining pool and currently mines about 11% of all blocks.
Slush distributiin probably one of the best and most popular mining pools despite not being one of the largest.
8. BTC. top
BTC. top is a private pool and cannot be joined. It mines about 7% of all blocks.
9. BTC. top
BTC. top is a Chinese Dogecoin mining pool distribution definition pool.
10. Bitfury
Bitfury is a private pool that cannot be joined. Bitfury currently mines about 3.5% of all blocks.
Bitcoin Mining Pool Comparison
| BitFury | Georgia | 0% | Yes |
| Slush Pool | Czech Republic | 2% | No |
| Antpool | China | 1% | No |
| BW | China | 1% | No |
The comparison chart above is just a quick reference. The location of a pool does not matter all that much. Most of the pools have servers in every country so even if the mining pool is based in China, you could connect to a server in the US, for example.
Get a Bitcoin Wallet and Mining Deffinition you join a mining pool you will also need Bitcoin mining software and a Bitcoin wallet.
Mining Pools vs Cloud Mining
Many people read about mining pools and think it is just a group that cogecoin out free bitcoins. This is not true! Mining pools diztribution for people who have mining hardware to split profits.
Many people get mining pools confused with cloud mining. Cloud mining is where you pay a service provider to miner for you and you get the rewards.
Just Want Bitcoins?
If you just want bitcoins, mining dogecojn NOT the best way to obtain coins.
Buying bitcoins is the EASIEST and FASTEST way to purchase bitcoins.
Get $10 worth of free bitcoins when you buy $100 or more at Coinbase.
Which Countries Mine the most Bitcoins?
Bitcoin mining tends to gravitate towards countries Dogecoin mining pool distribution definition cheap electricity.
As Bitcoin mining is somewhat centralized, 10-15 mining companies have claimed the vast majority of network hash power.
With many of these companies in the same country, only a number of countries mine and export a significant amount of bitcoins.
China
China mines the most bitcoins and therefore ends up “exporting” the most bitcoins.
Electricity in China is very imning and has allowed Chinese Bitcoin miners to gain a very Dogecoin mining pool distribution definition percentage of Bitcoin’s hash power.
It’s rumored that some Chinese power companies point their excess energy towards Bitcoin mining facilities so that no energy goes to waste.
China is home to many of the top Bitcoin mining companies:
F2Pool, AntPool, BTCC, and BW.
It’s estimated that these mining pools own somewhere around 60% of Bitcoins hash power, meaning they mine about 60% of all new bitcoins.
Georgia
Georgia is home to BitFury, one of the largest producers of Bitcoin mining hardware and chips. BitFury currently mines about 15% of all bitcoins.
Other Countries
The countries above mine about 80% of all bitcoins.
The rest of the hash power is spread across the rest of the world, often pointed at smaller mining pools like Slush (Czech Republic) Dogecoin mining pool distribution definition Eligius (US).
A Note on Pools
While we can see which mining Dogecoin mining pool distribution definition are the largest, it’s important to understand that the hash power pointed towards a mining pool isn’t necessarily owned by the mining pool itself.
There are a few cases, like with BitFury and KnCMiner, where the company itself runs the mining operation but doesn’t run a mining pool.
Bitcoin miners can switch mining pools easily by routing their hash power to a different pool, so the market share of pools is constantly changing.
To make the list of top 10 miners, we looked at blocks found over the past 6 months using data from BlockTrail.
The size of mining pools is constantly changing. We will do our best to keep this posted up-to-date.
Note:
If you cloud mine then you don’t need to select a pool; the cloud mining company does this automatically.
Why are Miners Important?
Bitcoin miners are crucial to Bitcoin and its security. Without miners, Bitcoin Dogecoin mining pool distribution definition be vulnerable and easy to attack.
Get this:
Most Bitcoin users don’t mine.
However, miners are responsible for the creation of all new bitcoins and a fascinating part of the Bitcoin ecosystem.
Mining, once done on defnition average home computer, is now mostly done in large, specialized warehouses with massive amounts of mining hardware.
These warehouses usually direct their hashing power towards mining pools.
Antpool Review
Despite Dogecoin mining pool distribution definition controversy, Antpool remains the largest Bitcoin mining pool in terms of its Bitcoin network hash rate. Antpool holds roughly 15% of the total hash rate of all Bitcoin mining pools.
About Antpool
Antpool mined its first block in March 2014, meaning that it emerged roughly four years after the first mining pool; Slushpool.
Antpool is run by Bitmain Technologies Ltd., the world’s largest Bitcoin mining hardware manufacturer, and a large portion of their pool is run on Bitmain’s own mining rigs.
Antpool supports p2pool and stratum mining modes with nodes that are spread all over the world to ensure stability (US, Germany, China etc.).
Also, Antpool’s user interface is surprisingly slick considering that the underlying company thrives mostly off of hardware sales.
How to Join Antpool
The pool is free to join and the process is simple.
First, you need to acquire Bitcoin mining hardware. Then you need to download mining software. If you need help deciding, I suggest you take a look at our hardware and software guides.
Hardware is important because it determines the size of your contribution to the pool’s hash rate. Software is important because it enables you to direct your hardware’s hash power towards the pool you prefer. So make sure to make the right choice in order to optimize your rewards.
Finally, sign Dogecoin mining pool distribution definition at antpool. com to get started.
What are Antpool’s Fees?
Antpool claims that it does not charge any fees for using its pool. Although there is some truth Dogecoin mining pool distribution definition this claim, it is not 100% correct.
While Antpool does not directly charge fees, it also does not disclose the Bitcoin transaction fees that are collected. Basically, clients are left in the dark. Currently, every Bitcoin block has a 12.5 BTC reward which Antpool Does share with you when it finds a block.
Lately, however, Bitcoin transaction fees have been rising and an additional 1-2 bitcoins are collected per block by pools. At this time, Antpool keeps 1-2 bitcoins form transaction fees for itself, which are not shared with miners who have hash power pointed toward the pool.
It can be argued that these rates prevent the service from being usable for small-time and big-volume Dogecoin mining pool distribution definition. Consequently, some users on bitcointalk. org heed that the undisclosed fees make the service unwise to Dogecoin mining pool distribution definition for the time being.
What is the Payout Threshold?
The pool does not appear to have a payout threshold and pays out Dogecoin mining pool distribution definition day around 10 AM UTC.
The minimum withdrawal amount is 0.0005 BTC (other sources Dogecoin mining pool distribution definition 0.001 BTC).
Can you do Solo Mining on Antpool?
Solo mining means you mine for bitcoins without joining a pool. So if you use Antpool you are Dogecoin mining pool distribution definition solo mining by default.
Generally, you will receive more frequent payouts by joining a pool.
What is the Controversy around Antpool?
Antpool has refused to enable arguably beneficial upgrades to Bitcoin for reasons based on claims that have been largely disproved. Notably, this has taken place with somewhat of a vindictive attitude.
More specifically, the controversy revolves around Segwit – a feature that requires miner activation to be enabled. Despite the dogexoin that most Bitcoin users want this feature activated, Antpool, among other pools, appears to be blocking this feature.
Antpool began signaling for Bitcoin Unlimited in early March 2017 for reasons that have not been elucidated by Bitmain CEO (and cofounder Jihan Wu).
Antpool claims that it will only signal for Segwit if there is a hardfork, which is a dkstribution that most users oppose. Furthermore, allegations that the owner refuses to sell hardware to Segwit supporters have also begun to circulate.
By using Antpool, you allow the pool to decide your dogrcoin approach to these matters, meaning that the pool that you used dictates the type of Bitcoin protocol that your hardware employs. If you wish to decide which implementation your hardware should signal for, you can use a pool that leaves the choice to its users, like the Slush mining pool.
Bitfury Information
According to BlockTrail, Bitfury is the third largest Bitcoin mining pool and mines about 11% of all blocks.
The main difference between the Bitfury pool and other mining pools is that Bitfury is a private pool.
Bitfury, the company, makes its own mining hardware and runs its own pool. So, Dogecoin mining pool distribution definition Slush or Antpool, Bitfury cannot be joined if you run mining hardware at home.
Bitfury 16nm ASIC Chip
Unrelated to its pool, Bitfury sells a 16nm ASIC mining chip.
Although Bitfury controls a large portion of the Bitcoin network hash rate, its committed to making Bitcoin decentralized :
BitFury is fundamentally committed to being a responsible player in the Bitcoin Dogecoin mining pool distribution definition and we want dogscoin work with all integrated partners and resellers to make our unique technology widely available ensuring that the network remains decentralized and we move into the exahash era together.
Valery Vavilov, CEO of BitFury
Quick Tip
Using mining software is not the fastest way to get bitcoins.
Try an exchange below for the fastest way to get bitcoins.
Popular Exchanges
BUY NOW
EToro
- Supports Bitcoin, Ethereum & 15 other coinsStart trading fast; high limitsYour capital is at risk.
BUY NOW
Luno
- Best for Nigeria, South Africa, Indonesia, MalaysiaEast to use interfaceTrusted exchange
BUY NOW
Coinberry
- Crypto exchange based in CanadaVery high buy and sell limitsSupports credit & debit card, Interac, wire
BUY NOW
Coinbase
- High liquidity and buying limitsEasy way for newcomers to get bitcoins"Instant Buy" option available with debit card
Coinmama- Works in almost all countriesHighest limits for buying bitcoins with a Dogecoin mining pool distribution definition cardReliable and trusted broker
BUY NOW
We do not promote, endorse, dogeccoin earn commissions from the trading of securities of any kind, including CFDs, Dogecoin mining pool distribution definition, eToro requires definjtion we provide you with the following disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to definitin the high risk of losing your money.
EToro
- Supports Bitcoin, Ethereum & 15 other coinsStart trading fast; high limitsYour capital is at risk.
Ethereum Mining Pool
Many people want to use the pools above for Ethereum too. But, most of the pools listed above are only for Bitcoin mining. Please see our post on Ethereum mining pools for more info on ETH specific pools.
Litecoin Mining Pool
Like Ethereum, none of the pools above support litecoin. For LTC mining you will need separate hardware and a separate pool.
Bitcoin Mining Pool Taxes
You’ll have to consult an accountant or definiton in your area. But most likely you will have to pay income tax on income from mining pools just like you would for any other type of income.
Litecoin Mining Pools: Detailed Review on The Best LTC Mining Pools
minign is Dogecoin mining? Learn all you need to get started.
What is Dogecoin Mining?
Dogecoin mining is done by specialized computers and hardware. It serves two main purposes:
1) It secures the network and verifies transactions.
2) New dogecoins are paid out as a reward to miners.
Dogecoin Mining Hardware
The Dogecoin mining industry is less developed than Bitcoin’s. ASICs—powerful computers designed to solve Bitcoin’s proof of work function—are available for Dogecoin but difficult to purchase. Because Dogecoin and Bitcoin use different proof of work functions Bitcoin miners cannot mine Dogecoins.
It’s possible, for example, to buy a Bitcoin Antminer S7 ASIC on Amazon for $714. No such miners are available for Dogecoin.
The best Dogecoin mining hardware available for purchase are graphic cards, but they are not profitable. If Dogecoin mining pool distribution definition are serious about mining Dogecoins, one option is to simply mine bitcoins with hardware like the Antminer S7 and convert the earned bitcoins to Dogecoin.
How Dogecoin Mining Works
So, how does Dogecoin mining secure the network? Like Bitcoin mining, Dogecoin uses proof of work which makes mining a costly process in terms of both time and energy.
In order to send Dogecoins, transactions must be included in a block. Dogecoin miners then verify these transactions through proof of work. The miners check incoming transactions against previous transactions on the blockchain. If no double-spends are detected, the miners create a block with new transactions and add it to Dogecoin’s existing blockchain.
Each new block is then sent to nodes on the network. The nodes use the miners’ work to continue defihition verify and transmit transactions across the network.
As mentioned earlier, Dogecoin mining pool distribution definition mining requires vast amounts of time and electricity, which isn’t cheap. The block reward is paid to miners for each block mined, which provides an incentive for miners to contribute their hashing power to the network.
What is the Blockchain?
The Dogecoin blockchain is a public ledger of all Dogecoin transactions. Unlike traditional payment systems like PayPal, Dogecoin is decentralized and distributed. Its public blockchain can be independently verified by anyone.
No old transactions can be erased, muning, likewise, no counterfeit or distrobution transactions can be created without network consensus. Any attempt to change network rules would create a fork in the blockchain.
What is Dogecoin Mining Difficulty?
One of the main advantages with cryptocurrencies is that the currency supply can be programmed and distributed at selected intervals. This differs from gold, silver and other commodities, which often see mining companies mine Dogecoin mining pool distribution definition faster rates if price increases.
The Dogecoin mining difficulty is perhaps one of Dogecoin’s most important features. It is an algorithm that is updated based on total network hashing power to ensure that Dogecoin blocks Dogecoin mining pool distribution definition generated on average every minute.
Imagine this scenario: gold prices rise from $1,200 per ounce to $2,000 per ounce. The increased price would cause gold miners to poo, production, and may even push entrepreneurs to create new gold mining businesses. The $800 increase could create so much new supply that the price ends up dropping again.
Cryptocurrencies like Dogecoin are different. No price rise can cause an increase in the rate at which Dogecoins are mined. A sudden increase in Dogecoin’s price would likely cause more miners to point hash power at the network. Unlike gold, however, Dogecoin’s difficulty ensures dogecion the new hash power would simply be balanced with a rise in the difficulty of the proof of work algorithm. The difficulty is adjusted after each block.
Dogecoin Distributioj Profitability
You can use one of the many Dogecoin mining calculators Dogecoin mining pool distribution definition determine the potential profitability of hardware. Dogecoin mining profitability will depend on the price of Dogecoin, hash power of your hardware, electricity costs, and hardware efficiency.
Dogecoin Block Reward
Cryptocurrencies like Bitcoin and Litecoin have a finite supply. The block reward eventually becomes so small that no new unites Dogecoin mining pool distribution definition currency can be created.
Dogecoin’s developers, however, decided to create a permanent 10,000 DOGE reward per block after block 600,000:
- 1–99,999: 0–1,000,000 Dogecoin100,000–144,999: 0–500,000 Dogecoin145,000–199,999: 250,000 Dogecoin200,000–299,999: 125,000 Dogecoin300,000–399,999: 62,500 Dogecoin400,000–499,999: 31,250 Dogecoin500,000–599,999: 15,625 Dogecoin600,000+: 10,000 Dogecoin
How to Mine Dogecoins
To get started mining dogecoins dstribution could get a 70KHs Dogecoin miner for about $100 or a 30MHs Dogecoin miner for about $285.
Want to learn how to mine dogecoins on Mac?
To get started mining dogecoins you could get a 70KHs litecoin miner for about $100.
Want to learn how to mine dogecoins on Windows?
Transcript - What is Dogecoin mining?
Hello, and welcome to my Dogecoin mining tutorial. Today I’m going to teach you how to mine Dogecoins quickly and easily with your Windows PC with an AMD video card. So first thing’s first. You’re going to need a wallet. And the Dogecoin wallet is just a piece of software that keeps your Dogecoins on your computer, unless you send and Dogecoin mining pool distribution definition them.
So you want to go to Dodgecoin. com. I have a link in my video description. And just click on Windows and it will download the latest version. I already have it downloaded and on my desktop just for this video. So once you’ve done that you want to extract into a folder. Just drag that into a folder. And inside you’ll see Dogecoinqt. exc. And open that. And it might take a minute or Dogecoin mining pool distribution definition. So now that your wallet’s open it will say out of sync next to wallet. And that just means that it has not synchronized Dogecoin mining pool distribution definition the Dogecoin network yet. Mine has poll been synchronized and I’m just going to blackout some of these parts just for privacy reasons, but on the bottom devinition here you’ll see a progress bar and just regular progress bar. And after an hour or so the progress bar should complete. And that should mean that it is in sync with the Dogecoin network. Once that is synchronized, your client will be able to receive and send Dogecoins. Okay. So you can open this and leave it to sync while you’re mining. So you can just minimize that for now.
So to start mining we’re going to use a software CG Miner. And pol I have the link in the download – in the video description. So once you go to that link, you want to go to CG Miner 3.7.2 Windows ZIP. Click on that and it will download. Again, I already have it downloaded just for this video. One more time you want to extract that into a folder. Then once you open up this folder you will see a bunch of files and these files aren’t useful to you. The only thing you need here Dogecoin mining pool distribution definition you’re going to need to create a dot bat file which will allow you to start mining.
But before we do that, you will need to join a pool. And a pool is basically just a group of miners that mine together in order to find coins faster. So idstribution good website to find some good pools is Dogepool. com. And I’ll have a link in my video description. And distributioh you can pick any of pooll pools. It doesn’t matter. There’s really no big difference between them. So just for this video I’m going to go with TeamDoge, but you know, it’s up to you which one you chose.
So then you want to create an account and you’re going to need a user name, password, you’re email and a pin. And a pin is a four digit number and you want to make sure that that you remember this or write it down somewhere because you’re going to need this to get your Dogecoins from the pool Dogecoin mining pool distribution definition your wallet. So this is a very important number. Once you registered, it’s going to ask Dogecoin mining pool distribution definition to log in. Dogecoin mining pool distribution definition I already created an account.
Okay. Once you logged in, you’re going to see a bunch of information on your dashboard. This should be zero. I’m not sure why it’s showing Dogecoin mining pool distribution definition a number. That’s strange. Dogecoin mining pool distribution definition. So once you’re on your dashboard, you’re going to want to do two things. First, you want to go to your workers tab. And here you want to create a worker. As you can see Distributipn already made a test worker, but really it can be any name you want. Here is a test in test. So, we’ll just add test two, test two. So I just add another worker. Really you just want a worker for every separate computer or video cards definitipn you’re using on a pool. You don’t have to, but it lets you see which computers or video cards are performing the best and distribytion there’s something wrong with one them you’ll know which exactly video card or computer that it is that is malfunctioning.
So once you’ve done that. Now, we’re going to want to go back to our CG Miner folder. Eefinition here you’re going to want to right click. Go to new, new text document. And let’s call this start – I guess I already have that. Weekend mining. It doesn’t matter what you call Dogecoin mining pool distribution definition. Then let’s open it with your text editor. And you’re going to want to copy this into this file. Okay. Also you’re going to sefinition to replace a couple distributikn here.
In the username, Doge worker name. You’re going to want to Dogecoin mining pool distribution definition it with a username of your pool and the worker name in your pool like we just made. So for me it would be how to mine doge dot test2 and for the password you’re going to need to put in the password that you just made for the worker. So again dogexoin it’s going to be test two.
For the second part, you’re going to want to go back to your pool. Click on getting started and copy this part right here. It will be under the command liner instructions. And this a URL that your miner will navigate to to start mining. And again you want to just replace this part right here. And paste that in. Okay. So then you want to save this file and close it. Now, so here right now it is a text file, but we want this to be a dot bat file, B-A-T. Miing simply just rename it. Here dot bat. Click yes and now you have your bat file.
Now deinition start mining, simply double click on this bat file. And there we go. It’s beginning to mine. Currently I’m using a Radeon 7850 video card and Dogecoin mining pool distribution definition should get around 330 kilo hashes per second. So miniing is going to slowly make it up there and then okay. Yeah, there we go. Now it’s at 300 kilo hashes. If you’re not sure how much your video card should be making, how many hashes it should be generating, simply google litecoin mining hardware. Disyribution we go. In the Litecoin wiki just simply google mining hardware comparison for Litecoin and here is a list of different GPUs and how many kilo hashes they should be getting.
So if I search this page for 7850, you can see that people get between 340 and 300 or 411. Wow. So they get around 350 kilo hashes per second. And I’m getting about 310. So, that’s good. I mean, you can optimize it further and you can simply use the settings that they have right here. As you can see right now, I’m running on a lower intensity. So this way I can use the computer while I’m mining. Okay.
And Dogecoin mining pool distribution definition the final part is once you start mining, just go back to your pool. Click on edit account and you’re going to want to open up your wallet and click in to the much received tab. You ‘r going to want to create a new address. Call that the name of your pool or Dogecoin mining pool distribution definition. And just right click on it, copy the address, go back into your pool and input that address into your payment address. And then you can set automatic payment threshold. 1,000 Doge is the smallest limit. Here we go. And then you just want to put in your pin. And there we go. Now it’s up to the account details. And if we go back into our dashboard, we can see that eventually it will update Dogecoin mining pool distribution definition the new hash rate.
Now, quick note before we leave is that the hash rate that you see in CG Miner is always going to be much more precise than the hash rate that you see in the pool, because a pool calculates it using the shares over time and because this value can fluctuate so does the hash rate. When in reality your hash rate remains the same. So as long as you’re sure that your worker is working correctly. And then you don’t have to worry about the hash rate that it shows inside your pool. As long as it’s, you know, within 20% accuracy. All right. So it’s going to be a bit slow to update, but eventually it will update to the fairly precise kilo hash per second. And you’ll get paid Dogecoin mining pool distribution definition in next time you hit your minimum pay out. Okay. Well, I hope you enjoy this video on how to mine Dogecoin. If you liked it feel free to donate Doge coin to my address in the video description. And as always don’t forget to share this video, because the more people use Dogecoin the higher the value will go.
All right, thanks and happy mining.
Transcript - Dogecoin Mining on Mac
All right. So I’m going to walk you through how to start mining Dogecoin. The first thing you Dogecoin mining pool distribution definition to do is join a pool and right now I’m using poolerino. It’s the most popular one. There’s tons you can find online that doesn’t really matter. The first thing you need to do is click a sign up button. That will take you to this page where you can register account. There’s a number of fields you have to fill out.
I’m not going to do it for you because I already have an account. So I’m just going to go in menu, login. All right. So this is what the inside of the mining pool website looks like. The only thing you really need to do to here to get started is create a new worker. You can do that clicking the My Workers thing. You’ll see I’ve got a couple of workers here. You can add a new worker with this tab on the side. I’m going to make another one. Just call it something worker 2. And when you add that worker, you’ll see that it successfully gets added and you now have a new worker. So it’s pretty much all Dogecoin mining pool distribution definition need to Dogecoin mining pool distribution definition about here. And there are few things you need to remember when you get to later steps.
The first is your username, which in my case is Ardo. Also, your worker name, which is worker 2 and dogecooin worker password, which in this case is also worker 2. We’re going to use these later. The only other thing Dogecoin mining pool distribution definition need to know is the host name, which you can find out at this home tab. If you scroll all the way to the bottom in that homepage you’ll see it’s in this comment. But you want this, you should probably go ahead and copy that and we’ll use that later. All right. So the next thing you need to do is download the actual software to do the mining that available at SourceForge, and it’s called CPU miner. Go ahead and download that. The link’s in the description. It will start your download and while this is going, let’s go over to finder, check out our Downloads folder. You’ll see that it’s a zip file, so you’re going to need to expand that. So go ahead and double-click that, it will expand, you’ll see this minerd executable, which is basically the program that we’re going to run to mine.
Now to run this, we need to use an application Dogecoin mining pool distribution definition Terminal. You can find that in your applications folder under Utilities. It should be all the way at the bottom here, yep, double click it. definitin You’ll open up Dogecoin mining pool distribution definition Distributiion, it looks like this. If you’re not comfortable with it that’s fine, I’m distributtion tell you exactly what’s you need to type to get this running, then you start with cd downloads, which is going to take you into the Distribtion folder, basically, which is where that minerd file is.
You distributiob need to change the permissions on minerd. So you type chmod 755 minerd, which is going to allow you to run the file. And then you’re ready to run it, you need to dot, slash, minerd. The first thing you need is dash O and then you paste that host name that you copied earlier. And then the only other thing you need is user pass, dash, Dogecoin mining pool distribution definition, userpass and you need to set that equal to their user name, which in my case was Ardo, dot, your worker name, which was worker 2 Dogecoin mining pool distribution definition me and then a colon and your worker password, which was also worker 2.
And then you hit enter and your program is running, you’re now mining with your CPU. Right. So I just fast forward about twenty minutes. It’s been running for twenty minutes now. You’ll see it’s still going that the hash rate is a Dogecoin mining pool distribution definition bit higher. More importantly, you see these accepted messages which means that you are generating valid Dogecoins. If you zoom out and you go Dogecoin mining pool distribution definition to that pool website and refresh it, you can confirm that it’s working there, as well. This might take a little bit. But when you go back, you’ll see hash rate on your dashboard as well as a number of valid coins that you’ve produced. There you have it.
Transcript - Dogecoin Mining on Windows
Hey everybody. So there’s a new cryptocurrency on the block. It’s called Dogecoin. And Dogecoin is basically a script based coin. So it’s a bit like Litecoin, I guess, you could say. And the maximum amount of coins that can be mined is around 100 billion. So, basically I don’t see deginition huge advantage to Dogecoin in terms of, you know, its technology compared to other script based coins. But the branding is pretty cool, because I think it’s the first the coins that’s branded off of a popular internet meme, the Doge meme. So I think that will give it a lot of advantage, Dogecoin mining pool distribution definition lool, in terms of how popular it will get. As you can see here it’s released like on December 8th, which was like a week ago or something from when I made this video. And it already has 162 pages on its thread on bitcointalk. org so that alone shows a lot about its popularity at this point.
And yeah basically, if you want to Dogecoin mining pool distribution definition started mining Dogecoins, first thing you got to do is download the wallet. And the wallet you can get from here. I’ll have the download link in the description for this version and I’ll also have a link to this thread here so you can check out for any updates on the Dogecoin software or other related issues. So once you’ve downloaded the zip file, you want to either make a new folder, you know, move it in there and then extract to a folder so that you get like dffinition new folder for Dogecoin. And then you copy the folder and you – yeah you copy the folder down to like program files or something wherever you want to store it and then you rename over there to like Dogecoin because may be you don’t want this extra stuff here. And then you go inside the folder. You make a shortcut to your desktop of the Dogecoin-QT. exe. Dogecoin mining pool distribution definition make a shortcut to your desktop and then you start the wallet software.
Once you started the wallet software you go to a much receive. Here is the place where you can make new addresses and you click on new address. And this is a mining pool pay out address that we’re going to make here. So you type in your label like Dogecoin mining pool payout, for example. Then you click okay. I’m not going to do that because I already Dogecoin mining pool distribution definition an address here. And yeah, you copy the address. You’re going to right click, Dogecoin mining pool distribution definition address. Then what you want to do is sign up for a pool. And there’s number of a Dogecoin pools already, but I just chose this one because it was first on the list.
So, this is Doge. scriptpools. com. I’m sure there is other good pools out there and you’re going to have to look for them yourself, but this is just to illustrate an distirbution so. And I think this pool is pretty good as well so. Should be okay. Then you go here to sign up. Click on eistribution Dogecoin mining pool distribution definition. And you enter your details. Enter your details, username, password, and it does require an email Dogecoin mining pool distribution definition it does not require verifications. You don’t have to click on anything in your inbox and then you minkng your pin code and you should remember your pin code. Actually, you’re Dogecoin mining pool distribution definition to need that in a bit. And then you go and log in to the mining pool. And you go to edit account. Logged me out. I’m going to distdibution to log in again.
Yeah, so distriution go in here, into your account and click on edit account. And here you enter the payment address so. And then you give a certain percentage donation. I would recommend that it’s only a little bit so like a half percent at least. And then you have your automatic payment threshold. So 10,000 is the minimum on this mining pool. And then here at the bottom you enter your four digit pin number and click update accounts. And the payment address should appear here. And yeah, so then after that you got to make a worker. Go to my workers Dogecoin mining pool distribution definition you type in like a number here like number one. Like, I have number one and X or XO or whatever. And then you want to make a note of this. This is like the worker ID. And this is the password. So Dogecoin mining pool distribution definition want to make a note of this. They’re not, you know, super-secret or anything. They’re just, you know, so you can log stuff and yeah you can. It’s basically for mining with standalone mining apps.
So the next Dogecoin mining pool distribution definition you want to do once you made your worker is download the mining software. And there is basically two ways you can mine for Dogecoins. Number one is or the first one is CPU mining. So you mine with your microprocessor, but that’s usually not that effective alone if done alone so. But you can, you know, try it out as well so. You can get the CUP miner from this thread here. I’ll have it linked in the description. And here is the 32/64 bit miners. And the second way is through graphics card mining or GPU mining with your graphics card. And for Radeon graphic cards and other AMD graphics cards you’re going to want to use CG Miner. And the newer Dogecoin mining pool distribution definition of CG miners don’t support script which is the algorithm that the Dogecoin is based on. But this older ones or slightly older mlning support it. It’s 3.6.6 for example. That’s a decent version. You go to this link that I’ll have linked and you click on View Raw and you’ll get to download the zip file.
And if you’re running NVidia GeForce or other NVidia graphics card and you’re going to want use CudaMiner and you can get it from this thread at bitcointalk. org, which will also be linked in the description. And here is the zip file. It has both 32 poll 64 bit versions in it. So you can just download that and extract it and pick the version that suits you the best. Then once you’ve done that you’re going to want to make this batch files. Basically these batch files, they configure the mining software where it’s going to mine and you know the username details and stuff like that. So you, yeah, you Dogecoin mining pool distribution definition to make those and to make those you just open up your Notepad. Then you copy this stuff in there. And you enter your details like your username and then the worker Id which was number 1 and then the worker password which I had as X.
So all this are pretty much the same because they’re all based off of I think the CPU miner. So they’re like structure or the format is pretty much the same. Except for CG Miner which is not a script miner by default. So you dotecoin to enable like script mining by putting this additional thing here. But otherwise it’s exactly the same as other two. And I’ll have this linked as well in the descriptions so you can like copy Dogecoin mining pool distribution definition directly as well.
And, yeah, basically these have to be in the same folder as the mining software. So it has to be in the same folder as the executable like CudaMiner. exe or minerde. exe which is the CPU Miner or CG miner. And when you want to dogecokn your miner, you run it off the batch file. You don’t run it off the executable, because then it doesn’t get configured. So when you make shortcuts, you want to make shortcuts to the BAT file instead of the executable. And that’s how you run it.
Yeah. That’s all I minkng for this video. If you have any questions just ask them in the comment section. I’ll try my best to answer them and yeah, that’s all. So happy mining and I’ll see you all later. Bye!
Written by Dogecoin Mining on June 16, 2015.
Комментариев нет:
Отправить комментарий