Analysing the results of our test, we can see that it takes c. mn1 – 1h to fully sync with the network. This is a very good result that shows that popular mining pools are doing their work correctly. The blockchain has become increasingly complex, but most miners are able to deal with this situation on their own equipment. It is still unclear how many people are actively mining Dogecoin at home on personal computers or rather through ASICs on large farms. For now, the former scenario seems more likely than the latter one’s fate of growing popularity in an industry dominated by ASIC miners.
How to mine dogecoin?
Mining pool profitability vs solo mining profitability
It was easy for us to get into some tests and draw some conclusions about how profitable individual mining may be depending on whether you have your own dedicated hardware or use a pool service provider. As far as pool services go Letitdo has excellent statistics including hashrates of 557 MH/s for Dogecoin Litecoin pool, which was established in early June 2018, so it had time to find its footing after being launched by anonymous developers (possibly related). So let’s consider it as an example here: If you were using Letitdo like you would another Bitcoin-based pool last week (time period which covers both BTC and LTC) your hashrate would have dropped over two-thirds comparing Mar 31st & Apr 8th – the