Is it possible to make a profit mining Dogecoin? | Matjaž Škorjanc

Dogecoin mining — the background to the ‘memecoin’

Musk’s comments on Twitter boosted Dogecoin’s value.

Comparisons between Dogecoin, Bitcoin and Litecoin

  • Algorithm: Scrypt.
  • Block time: One minute.
  • Block Reward: 10,000 DOGE
  • Coin Supply: 116, 696,031,816
  • 2050 Coin Supply: 280,853,172,058
  • Algorithm: SHA-256
  • Block time: Ten minutes.
  • Block Reward: 12.5 BTC
  • Coin Supply: 17,339,662
  • 2050 Coin Supply: 20,983,495
  • Algorithm: Scrypt.
  • Block Time: 2.5 minutes.
  • Block reward: 25 LTC
  • Coin Supply: 58,865,752
  • 2050 Coin Supply: 83,883,478.

Three different ways to mine Dogecoin

Is it worth getting involved with mining Dogecoin?

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Matjaž Škorjanc is co-founder and former CTO of NiceHash, a cryptocurrency exchange and hash power marketplace.

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Matjaž Škorjanc

Matjaž Škorjanc

Matjaž Škorjanc is co-founder and former CTO of NiceHash, a cryptocurrency exchange and hash power marketplace.