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[AudraMiller]

The difficulty of mining a coin is dependent on its supply and the halving event. Dogecoin has a much larger supply than bitcoin and there is no halving event so there is no change in the difficulty to mine the coin. This would mean that to mine a dogecoin now would still be the same as mining it before the price increased. Do you then believe that mining a dogecoin would be more profitable than bitcoin? What are your thoughts on this?

 

[Medo24]

I think the value of a coin determines how easy it will be to mine such a coin. Bitcoin will definitely be more difficult to mine because it has a higher value. Doge is also good to mine cos it could spike anytime.

 

[Dean1]

Compared to Dogecoin, the mining difficulty for bitcoin is typically higher. As a result of the network's competitive structure, Bitcoin mining needs greater processing power and energy but also typically yields higher payouts.

 

[Wisdom01]

Compared to Dogecoin, the mining difficulty for bitcoin is typically higher. As a result of the network's competitive structure, Bitcoin mining needs greater processing power and energy but also typically yields higher payouts.

Yeah the mining difficulty for Bitcoin is really higher , and I think it also likely requires more mining tools , capacity and others , to be able to mine something that is tangible , I really believe that's how it works

 

[Medo24]

The higher the value or price of a coin the more difficult the mining will be. I don't think there is any coin that is as difficult as bitcoin in terms of mining though very profitable.

 

[Wisdom01]

Yeah the higher the value of the coin, the more harder it would be to mine , I think that's what matters the most when it comes to mining , mining comes with a lot of factors and it should be considered in different ways

 

[Medo24]

I think most people down focus on launching a crypto coin instead of mining of Bitcoin or other coins which are pretty difficult than launching of a coin or an exchange platform that generate passive income. Only few mine Bitcoin now.

 

[BaleegNajar]

While Dogecoin has a larger supply and lacks a halving event like Bitcoin, profitability depends on various factors. Dogecoin's lower value and market demand may impact overall earnings. Bitcoin's higher value per coin might compensate for its halving effects. Assessing factors like electricity costs, market trends, and personal investment capabilities is crucial to determine the potential profitability of mining either coin.

 

[IB DD]

Dogecoin can be mined with regular PCs because it uses the SCRYPT algorithm. Bitcoin requires the highest end hardware to be able to mine effectively. And then, Doge still has a larger block size which aids in ease of mining it compared to Bitcoin.

 

[Wisdom01]

Dogecoin can be mined with regular PCs because it uses the SCRYPT algorithm. Bitcoin requires the highest end hardware to be able to mine effectively. And then, Doge still has a larger block size which aids in ease of mining it compared to Bitcoin.

I think Dogecoin is designed to be more accessible for ****** miners as it can be mined with regular PCs because it uses the Scrypt algorithm. On the contrary, mining Bitcoin requires specialized hardware and software, which demands a significant investment of capital and energy consumption.

 

[Gamer01]

The mining of coin like Dodge coin is much more simplar as compared to coins like BTC that have difficulty in Millions and even above and that is why we cannot compare both of them in terms of difficulty to be honest actually indeed

 

[Medo24]

Dogecoin mining isn't something I will encourage anyone to engage in because it is not worth it and the coin seems not to have potential except through artificial hyping by influential figures. The coin has been in existence for a very long time but no significant rise in it's value

 

[IB DD]

Even apart from the bigger blocks offered by Doge, compared to Bitcoin, doge can easily be mined with standard computers with normal hardware. ASCI computers meant to mine bitcoin is very expensive. That ease makes Doge easier to mine.

 

[Roma2002]

What is the best crypto project to mine in 2024

 

[Deyiang]

Dogecoin is an up rising coin that has a large market value than some of the coin.
I being trying to get the coin has much has I can.
Though some of these mining apps give little and expect much cash out