But this will lead to close to no profits, high energy bills, and to a small contribution to the total Mining Hashrate of the network. You can still try to mine Dogecoin, and contribute to the hashrate of the network, using a computer with a gaming GPU. You can find a list of current Scrypt ASIC miners and their profitability on Minerstat (this website is not affiliated with Dogecoin). At the same time, starting with older ASICs, which might be more readily available, and then upgrading to newer ones reinvesting your mining profits might be a sensible strategy. Keep in mind that old ASIC models will always be less profitable than newer ones, because for the same amount of energy consumption they are generally capable of generating less work than newer models. It is recommended that you reinstall the ASIC miner’s firmware before using a second-hand ASIC miner. eBay usually offers some form of buyer protection (always check the conditions), making it a good platform to find second-hand miners. Make sure to rely on well-known sellers with a higher number of feedback ratings and an overall positive score. It is also recommended that you do your own research before prepaying for an ASIC miner and that you purchase your ASICs only from sources with a good reputation.ĮBay is an option, as well, but it is better suited to experienced miners. You can buy ASIC miners directly from their manufacturers, but there is normally a long waiting list and a significant amount of money to pay in advance. It is recommended that the location where ASIC miners and the computer used to control them are housed has proper ventilation and can be cooled down easily. This means that ASICs need to be housed in a dedicated room, such as a garage or a basement, or in a purpose-built shed. In comparison to GPUs, they are louder and usually generate more heat. Read more about this in our article about miners.ĪSIC miners are generally very expensive, difficult to get your hands on, and require a bit of experience to be set up and housed properly. This allows miners to have more chances of finding the proper hash for a block they have prepared. A Dogecoin wallet where the mining pool will send your mining rewardsĪSICs are devices optimized to perform one specific task in the case of Scrypt ASIC miners, this task consists in calculating as many hashes as possible over a short period of time.One or more ASIC miners for Scrypt-based cryptocurrencies.To mine Dogecoin profitably, nowadays you usually need: What you Need to Mine Dogecoin for Profit Generally, mining in a mining pool is still the way to mine Dogecoin for most miners, with a crucial difference in equipment: nowadays, all miners mining Dogecoin and other Scrypt coins profitably do so using specialized hardware called Application-Specific Integrated Circuits (ASICs), in particular ASIC miners built specifically for Proof of Work cryptocurrencies using the Scrypt algorithm. Since then, miners can mine Litecoin and any other classic Scrypt crypto and contribute also to the Dogecoin network, receiving the mining rewards from multiple blockchains at once for the same amount of work. The most popular cryptocurrency using Scrypt was, at the time, Litecoin. Then, in 2014, Dogecoin was modified to allow merged mining with other cryptocurrencies sharing the same Proof of Work algorithm (called Scrypt). Mining revenues were split with the mining pool and with all the other miners following a set of rules established by the mining pool operators. Soon enough, the total mining hashrate of the network had grown so much that the likelihood of a miner finding a block while mining solo had been reduced drastically.įor this reason, mining pools for Dogecoin miners - the equivalent of those already existing for Bitcoin, Litecoin, and other PoW cryptocurrencies - were created, and people joined them to combine their hashing power with the hashing power of hundreds and then thousands of other miners. A miner only needed a computer with enough disk space and a gaming GPU - and this was enough to mine Dogecoin. Mining Dogecoin used to be much simpler in the early days. Check these Dogepedia articles to understand what miners do, how they interact with nodes, and why mining pools come into play when it comes to mining: Miners and mining are at the center of Dogecoin’s Proof of Work consensus mechanism.
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