Litecoin also uses the same algorithm, which means users can simultaneously mine both cryptocurrencies. Scrypt is less energy-intensive than the Bitcoin algorithm, which allows DOGE to be mined by personal laptops and slightly upgraded hardware devices. Bitcoin also uses this type of mining, which is called proof of work.ĭogecoin uses a mining algorithm called Scrypt, which is a different algorithm than the one used by Bitcoin. Miners are an integral part of blockchains in that they determine which transactions get included along with maintaining the security of the network. Once that puzzle is solved, the miner adds a block to the chain and is rewarded for the energy expended in the process.
These are simply hardware devices (or computers) that compete to solve a mathematical puzzle. The process of adding blocks to the chain is called mining and is done by miners. Each transaction is registered inside a block of information, which is then linked to the next block. What is Dogecoin mining? The basics explainedĭogecoin, like all cryptocurrencies, operates on top of a blockchain, which is the way transactions are recorded. Given it is a slightly easier cryptocurrency to mine than some of its pairs, users are focusing on mining as a way of getting their hands on more DOGE. With the recent surge in Dogecoin's popularity, many people are looking for alternative ways to accumulate the token other than by just buying or selling it.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
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