ASICs profitability ranking for Dogecoin

Dogecoin as a cryptocurrency appeared back in 2013. And it was created as a joke or a parody of all other tokens. This explains its popularity, which subsequently increased significantly due to the support of Elon Musk. Now Dogecoin is actively traded on all known cryptocurrency exchanges. And how does Dogecoin mining work? What are the best Asics for this?

How can you mine

The cryptocurrency is based on the Scrypt algorithm. This means that you can mine it both with discrete video adapters (from AMD are better suited than Nvidia) and Asics. Solo is not the best option, because the complexity is moderate and increases every 240 mined blocks, so it is better to choose some of the open pools.

And directly when creating cryptocurrency they were oriented on work with video cards, but now there are many Asics, fully optimized for work with Scrypt.

Is DOGE mining profitable?

The most profitable period for dogecoin mining was the first quarter of 2021. Subsequently, the value of the coin was adjusted to the level of $0.1. But even in this case, mining with Asics remains profitable. A decrease in interest from the audience should not be expected, because mining of doge is much more accessible than that of BTC. And transactions in the network are much faster than in bitcoin. In addition to this, Elon Musk has promised that he will continue to support it as a crypto-asset in the future.

You can calculate the yield using the online calculator on our website.

The best Asics for mining

Dogecoin mining is relevant on all Asics that are compatible with Scrypt. The following models can be highlighted.

• Antminer L7 9300M. With consumption of 2080W, such doge miners produce a hash rate of 2.07 GH\s.
• Innosilicon A6 LTCMaster. Although it belongs to the asic of an older generation, it is still relevant. Mining on it brings about 40 tokens per day. It consumes up to 1500 watts.
• FusionSilicon X6. At a consumption of 1160W, it provides a hash rate of 0.86 GH\s. Is a popular choice for home use due to its low noise level.
• Bitmain Antminer L3++. A variant for novice miners. Dodge Asics from this series cost only 5 thousand rubles. And the hash rate reaches 0.6 GH\s.

In summary, any doge asic with Scrypt support is a relevant option for coin mining. You can also consider cloud mining, where the initial financial entry threshold is very low, and tokens will remain relevant for at least the next 10 years.