Although still significantly less competitive than mining Bitcoin, Dogecoin mining became increasingly profitable in 2021 , reaching a six-year high. According to the BitInfoCharts data, mining a single Dogecoin was worth a profit of 0.19 US cents in January.
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There are more than 130 billion DOGE at the time of writing. That number will continue to rise at a rate of 10,000 per minute forever. Dogecoin’s creators decided to let the currency be an inflationary one to encourage DOGE “tipping” and other transaction-based uses.
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