Dogecoin miners are enjoying fruitful paydays!
Mining Dogecoin begins to rewards handsomely after the price of the meme cryptocurrency reached an all-time high, according to new figures. Call it rocketing to the moon.
There are a few key points to note here. Number one, Dogecoin was initially created as a joke in 2013, mixing together cryptocurrency and the popular Shiba Inu doge meme. Support from billionaires and celebrities—including Musk, Mark Cuban, and Snoop Dog—along with its dual status as a meme when Reddit-fueled retail traders pumped into GameStop meme stocks, allowed it to persist and grow in popularity.
Secondly, Dogecoin’s skyrocketing price has led to worries of a potential bubble in the cryptocurrency market. Dogecoin’s market cap now sits at around $64 billion and ranked in the market as number 5 as of today at $0.4983 per 1DOGE.
What is Cryptocurrency Mining?
For starters, lemme briefly say cryptocurrency mining is a term that refers to the transactional process of gathering cryptocurrency as a reward for work that you complete or the process by which new crypto coins are entered into circulation, but it is also a critical component of the maintenance and development of the blockchain ledger. It is performed using very sophisticated computers that solve extremely complex computational math problems.
For others, it’s about gaining greater financial freedom without governments or banks butting in. But whatever the reason, cryptocurrencies are a growing area of interest for technophiles, investors, and cybercriminals alike since the cryptocurrency market itself is an alternative to the traditional banking system.
How To Mine Dogecoin on your PC
Step 1. Open your favorite browser and go to www.unmineable.com and search for Dogecoin
Step 2. Click on the Download section, you’ll see two buttons(don’t click on them) rather Right-click on the first one and Save link as
Step 3. Extract the file, and open the miner. All miners are detected as viruses, so its better to pause your anti-virus software for a smooth installation.
Step 4. Click OK and Select CPU, if your laptop meets the minimum requirements, then Click Next.
Step 5. Select the coin/token(For this case, Dogecoin) and next step is entering your address. The address is simply the wallet where you’ll receive your coins. So you’ll need to create a Dogecoin wallet.
Step 6. Open a new tab and open www.dogecoin.com, click Get Started, Select Wallet Section to choose a wallet. Select Dogecoin Core wallet and select your OS version to download and install the application.
Step 7. Open the application after download, Go to File and click on Much receiving address to view your address, Copy it to your clipboard.
Step 8. Go back to the miner and paste your address and press Start, the miner will start mining your Dogecoin.
Important: The hash rate or let’s say the amount of Dogecoin you mine depends on your PC resources.
For more related content you can check out techyuzer.com
Have a nice mining day! (smiles)