Dogecoin Mining Pools - Top 5 Best Dogecoin (DOGE) Mining Pools in 2024
Look at the 5 best Dogecoin mining pools ⚡ to join in 2024. An overview of the best DOGE mining pools to consider. Make a wiser decision for mining DOGE
The Best DOGE Mining Pools
We are sure you have heard about DOGE. It was created as a joke. But with time, it has proved itself as a viable memo coin. Its price is growing, and more people are becoming interested in mining it.
What Is Dogecoin (DOGE)?
Dogecoin was launched in 2013 featuring a Shiba dog, a meme popular at that time. It was launched as a joke. But with time, people started using the coin for tipping fellow users online.
Now, DOGE is among the largest crypto-coin by market capitalization. The coin is enjoying popularity by traders. Therefore, it is interesting for miners, too.
How to Mine DogeCoin?
Dogecoin uses proof-of-work consensus. It makes it similar to Bitcoin and means that everybody who wants to mine Bitcoin shall have equipment powerful enough to do so. So, ASIC miners are normally used for DOGE mining. However, those are not the same ASICs that are used for mining Bitcoin.
DogeCoin runs on the Scrypt algorithm. It makes it similar to Litecoin that runs on the same algorithm. That`s why DogeCoin mining is identical to Litecoin mining. ASIC miners used for Litecoin mining can also be used to mine DogeCoin. It happens so rarely though because mining Litecoin is incomparably more profitable than mining DOGE.
A more profitable and reasonable solution is to merge Litecoin mining and DOGE mining. When you are mining Litecoin, you will also be mining DOGE as a by-product. The hash rate isn't going to decrease.
The mining difficulty of DOGE has grown a lot. That's why nowadays, it is more reasonable to join a Dogecoin pool rather than mining the coin independently.
What Is a DOGE Mining Pool?
You can mine a coin individually or you can do it in a group of miners who join their forces to confirm a block. The latter not only join their computational forces but also share their rewards if they manage to confirm a block earlier than other miners.
A group of miners who work jointly is called a mining pool.
What to Look for in a Doge Mining Pool
Choose the best DogeCoin pool very carefully. There is a set of requirements a top DogeCoin pool has to comply with. Before you join any DogeCoin pool, check the following:
- The pool safety level;
- Fees that the pool charges from its members;
- The way the rewards are calculated and distributed among the pool members;
- The location of the pool servers;
- The pool hashing power.
ASIC mining isn`t cheap, so choose a pool where you will be able to earn.
Don`t forget also to check whether a selected pool mines DOGE only or other coins, too. It is better to join a pool that mines multiple currencies to have an opportunity to switch to the mining of a coin that is more profitable to mine, Litecoin, for example. Such pools offer a special tool, a DogeCoin pool mining calculator to calculate the mining profitability of a specific coin (DogeCoin in our case).
5 Best DogeCoin Mining Pools in 2024
Now, let us have a look at the best DogeCoin mining pools. We have selected them based on multiple criteria to facilitate the decision-making process.
Prohashing
Prohashing is among the most popular DogeCoin pools. It allows you to mine Dogecoin but be paid in any other coin. Say, you can ming DOGE but be paid in Bitcoin, Litecoin, or any other coin that you choose.
Prohashing uses a Pay per Share principle to distribute the mining awards. The more computational power you contribute, the more coins you get when a block is mined. With a flat fee of 4.99%, miners are motivated to mine as many coins as they want.
The payments are paid to your crypto-wallet or a bank account.
AikaPool
AikaPool is very easy to use, so it will be suitable for you even if you are new to mining. It is of average size. All the instructions to set up a miner are available. The platform charges a super-low commission of 1%.
Multipool
Multipool is at the top of any DogeCoin mining pool list for several reasons. It allows mining not only DogeCoin but many other cryptocurrencies. Cryptocurrencies that can be mined do not necessarily use the Scrypt algorithm, they can use also the SHA-256 algorithm (Bitcoin), and even the X11 algorithm (Dash).
The pool pays in Dogecoin or in any other cryptocurrency.
Multipool doesn`t charge a withdrawal fee if all the limits are kept and a miner uses the Autopay function.
Merged mining is supported. It means that you can mine Litecoin and DogeCoin.
1Coinpool
1Coinpool is an average-sized pool. It offers payments on the Pay Per Share principle. So, every miner gets the share depending on the computing power he/she contributes. All the coins are deposited to the wallet of a miner automatically which is very convenient.
GHash
GHash has been in operation since 2013. It allows you to produce cloud mining on ASIC miners. Along with DOGE, you can mine a wide range of crypto coins, including Ethereum, Bitcoin, and Litecoin.