Today, Dogecoin cannot be mined efficiently with a computer processing unit (CPU) anymore. At least a powerful graphic card unit (GPU), or better a so-called application-specific integrated (ASIC) mining machine is necessary to provide relevant hashpower to the network.
Read moreIs mining Dogecoin profitable?
The mining of Dogecoin became increasingly profitable in 2021 , reaching the highest revenue figures since early 2018. This follows after a surge of activity in the cryptocurrency due to comments from Tesla CEO Elon Musk, who remarked on Twitter that people should invest in this digital currency.
Read moreCan I solo mine Dogecoin?
Dogecoin, like other proof-of-work (PoW) cryptocurrencies, can be mined using different approaches, depending on your budget and equipment. These include: Solo mining. An individual mines on their own .
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