#Lite coin mining software

Depending on your OS and hardware the software can vary. Basic machines are great to experiment with but scaling will require some more serious hardware including GPUs and ASICs.

#Lite coin mining mac

To start, any Windows, Mac OS, or Linux system will do. What YouвЂ™ll Need to Get Started Mining DogecoinД«efore you can start mining and subsequently make it rain Doge, youвЂ™ll need a few things to make it happen. After all, вЂњpenny, penny makes a dollar.вЂќ Pooling moderate amounts of hashing power can give you the ability to compete for blocks even against larger mining operations. Merged mining of the more profitable Litecoin by ASICs means that some of that hashing power is also being used on the Doge network. Competition is stiff and there is some serious hashing power out there, including ASICs. When youвЂ™re first getting started, you should join a Dogecoin mining pool. Block rewards are proportionately shared among the members when a block is confirmed. Pooled mining is a collaborative effort between members who contribute their hashing power. Pooled mining, for the newbie miner, is a better approach if youвЂ™re looking for a higher return on your investment. The conclusion is that ASICвЂ™s Litecoin miners have bloated the hash rate in Dogecoin mining so high that rewards are more commonly an indirect result of merge mining Litecoin and not directly mining Dogecoin. Unless you are just tinkering, in that case, tinker away, but expect a loss. Solo mining is often very difficult to make profitable at a small scale and is best suited for larger operations. Firstly, you can solo mine, meaning you provide hashing power yourself and are the only benefactor when confirming blocks. There are two approaches to mining Dogecoin. ItвЂ™s like getting two for the price of one. This similarity has enabled merged mining between the two coins and allows for Dogecoin and Litecoin to be mined simultaneously. Note that Litecoin and Dogecoin both use Scrypt hashing algorithms. Here are some basic Dogecoin details compared to other cryptocurrencies like Bitcoin and Litecoin. So, what is Dogecoin? ItвЂ™s a fun-loving altcoin/community/meme, sometimes worth over a billion dollars. More recently, the cryptocurrency is growing merchant adoption and finding better use cases beyond the energetic Dogecoin community. In the past, Doge has been used to crowdfund charitable donations and finance sporting sponsorships. Dogecoin, the cryptocurrency, was released in 2013 by Palmer and Billy Markus with the hope to make cryptocurrencies a little more fun and approachable. But to say founded is a little misleading since Dogecoin began as a joke, a parody of the moon chasing crypto communities.Дogecoin, the joke, was started by Jackson Palmer initially on Twitter and later as a website he built. Dogecoin: A Very Brief HistoryДogecoin was founded by Jackson Palmer with help from Billy Markus. Please refer to our Dogecoin guide for a more detailed analysis of the project. It has since been updated to reflect new information and market updates. EditorвЂ™s note: This Dogecoin mining review was originally published in November 2018.