Mining Dogecoin can be so difficult if you’re new to this new-age Cryptocurrency world. But DOGE is an extremely easy coin to mine, so you can actually begin earning money within a couple of minutes. All you have to do is the right specialized cryptocurresces. There are several different ones out there, so it pays to do some research and see which ones are currently in high demand and at the top of their game. After all, you want to make sure that you choose coins that people are interested in, and that you choose ones that you can really make some money with.
One of the best ways to begin profiting from DOGE and other “alt” coins is by choosing one of the many different methods of getting started. Two of the more popular ones right now are using a DOGE smart buy and a DOGE effort. A smart buy is basically setting up a dogecoin account on a well respected or trusted platform. You’ll then have to deposit some of your own money, then use the computer power to attempt to break the lock and open up your account. If you manage to get past the lock, you’ve won the bet and will make your Doge (DOG-pee) worth money! It takes a while for this to propagate throughout the community, so do not keep betting for too long.
The other way of mining dogecoin is by trying to mine doge. This is achieved by trying to mine doge in several different ways. Basically, you will mine doge by using the dedicated DogeProcks system. You’ll be able to mine doge with this system fairly easily. As I mentioned, this method can be pretty profitable.
Probably one of the oldest ways of mining doge that is still around today is mining it using a pool. Pooling was a popular option back in the day because it was a lot cheaper. Now, instead of having to pay for individual compute power to run each machine independently, you can pay an individual pool for each machine. For the most part, it’s still a good option. Just make sure that the pool you’re going to join has adequate resources to do the job
If you’re not interested in buying into a pool, you could always try your hand at CPU or graphic card mining. Again, it’s best to stick with the well respected places such as Dogeheads or Digitalpoint to start. These guys have had years to perfect their techniques and they have the technology to ensure that you don’t risk losing your entire pool! Just be careful and research the best places to go. There are several guides on the web that will walk you through every step of the process. I can’t say enough about them, these guys are well worth looking into.
As you can see, if you have the desire and a bit of knowledge of how the Dogecoin ecosystem works, you could easily mint your own coins. It doesn’t matter whether you want to invest in Dogecoin full time or just for fun, it’s possible to do both. It just takes a bit of education and some elbow grease. Even the pros at this competition know that you can do it, so why don’t you?