Tag: Is mining Dogecoin profitable?

When you consider that a new block is mined about every minute or so, that means that there were about 14.4 million new DOGE every day and there are about 5.26 billion dogecoins entering circulation every year.

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.

Dogecoin mining difficulty is more than one million times less than Bitcoin mining difficulty . This means you are much more likely to win the block reward when you mine Dogecoin.

Unlike Bitcoin, mining Dogecoin is not very compute-intensive, which allows entry-level computers to mine DOGE and still make a profit. Dogecoin can be mined using various types of hardware, including: computer processors (CPUs) graphics cards (GPUs)