DOGECOIN MINING: HOW TO MINE DOGECOIN
Dogecoin is all the hype in the crypto market these days and you also want to get involved, right? If you’re a beginner, Dogecoin mining might be the perfect place to start for you!
Bitcoin was the first cryptocurrency that started in 2009, and now there are thousands of cryptocurrencies. These new coins that operate on their own native blockchain are called altcoins or alternative coins. One popular altcoin is Dogecoin. It can be bought, sold, and traded, just like Bitcoin. and can also be mined!
WHAT IS DOGECOIN MINING?
By the end of this guide, you’ll know how to mine Dogecoin and what it is, and whether or not Dogecoin mining is for you!
Dogecoin mining is the process of being rewarded with new Dogecoin for checking transactions on the Dogecoin blockchain. Too complex? Let me simplify. In simple words, your computer will get some Dogecoins for successful operations in the Dogecoin network.
HOW TO MINE DOGECOIN?
To get started with Dogecoin mining, we will need two things.
Dogecoin wallet
This is to hold the Dogecoins that you will mine. You will need to get your Dogecoin address from this.
a Cryptocurrency miner
This is to mine some Dogecoins for us.
DOGECOIN WALLET
There are two types of wallets in Dogecoin, Multidoge and Dogecoin Core. We will be using Dogecoin Core for this guide.
Go to Dogecoin’s homepage through this link, click Wallets and download the Dogecoin Core for your respective operating system.
After the download is complete, open the application. Go to File > Much receiving addresses.
Now you have to copy the address of your wallet as follows.
Keep this address safe as we need it when we start mining in the coming steps.
DOGECOIN MINING
Now that we have our Dogecoin wallet address, we can jump right on to mining some Dogecoin for ourselves. To mine our Dogecoin we will be using unMineable.
Go to the unMineable download page through this link, right-click the Packed version and choose “Save Link as…” and download it.
Is unMineable safe?
After you download unMineable software, the anti-virus in your system may flag it as a virus.
Usually, anti-viruses flag mining software as a virus and is as always a false alarm.
So, to answer the question, yes, unMineable is safe. Be sure to turn off your anti-virus software before you use it.
STEP BY STEP GUIDE TO USING UNMINEABLE FOR DOGECOIN MINING
After the download is complete, open the application and you will be greeted with this screen.
Here you have two options to start mining. Either, you can choose your GPU (graphics card) or you can opt to mine with your CPU.
If you have a dedicated GPU then I would recommend starting mining with GPU as it is usually faster and efficient and if not, mining with CPU will be more than enough. Click next after you have decided what to use for your mining.
Now you need to do the following:
Select a coin or token
You need to select Dogecoin from the dropdown list. We can select other coins if we wanted to but we are focusing on Dogecoin Mining in this article.
Enter your address
Remember the Dogecoin Wallet address we copied earlier? Get that address and paste it into this section.
Enter your referral code
Use Referral code: 63zi-7zgi
This code will help you save 25% when you plan to withdraw your Dogecoin.
If you do not see a place to enter Referral code then your screen will probably look like this.
Just click “I have a referral Code” and enter your referral code from above.
Now you can click Start and your mining journey for Dogecoin has started.
HOW TO WITHDRAW ON UNMINEABLE?
To withdraw coins from Dogecoin mining, you can click the Website button which will take you to your unMineable statistics and withdrawal page which looks as follows.
Furthermore, you can have multiple computers mining to the same Doge Wallet address at the same time as well. All the mined Dogecoin from different computers will be accumulated into one place. So, if you have multiple laptops laying around, you can do this as well.
You can read more of Scovered blogs through this link.
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The "Elon Musk Effect," a phenomenon that roiled the crypto ecosystem this year, when every little tweet from the Tesla boss could send token prices skyrocketing or plunging, seems to be losing its luster. The billionaire has been a key driver of the volatility in bitcoin and dogecoin after announcing Tesla's $1.5 billion bitcoin bet and praising the meme-inspired asset's potential. More recently, his break-up with bitcoin dragged it back to values not seen since the start of the year. But coming into the second half of 2021, Musk's influence doesn't seem that relevant any longer. Musk tweeted in support of dogecoin on Thursday by saying "Release the Doge!" alongside a Godfather-inspired meme depicting actor Marlon Brando. The coin's price lifted slightly, but not as much as it would have a few months ago. For instance, dogecoin surged 20% in May when he ran a Twitter poll to ask whether people wanted Tesla to accept the token as payment. . . . . . . . . . . . . . #elonmusklinking #prilaga #cryptonews #cryptolife #cryptoworld #cryptoinvestor #cryptoexchange #cryptotrade #cryptocurrencytrend #cryptocurrencybitcoin #cryptocurrencies #dogecoinmining #elonmusk #crypto #elonmuskbelike #cryptocurrencynews #cryptocurrency #cryptocurrencys #cryptotrading #cryptotrader #cryptomining #cryptocurrencycommunity #cryptocoinsupport #dogecoin #cryptos #cryptocurrencynewz #cryptocurrencyinvestments #cryptomarket #elonmuskismyhero #dogecoinnews https://www.instagram.com/p/CQ71VbaD_AB/?utm_medium=tumblr
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DOGECOIN ANALYSIS DOGE/USDT Dogecoin (DOGE) plunged sharply on June 21 and broke below the $0.21 support. The price has rebounded off the $0.16 support but the bulls have an uphill task ahead of them. The downsloping 20-day EMA ($0.29) and the RSI in the negative zone suggest that bears have the upper hand. Any relief rally is likely to face stiff resistance at the 20-day EMA and then at the neckline of the head and shoulders pattern. If the price turns down from either overhead resistance level, the DOGE/USDT pair could retest the $0.16 support. A breakdown and close below this level could attract further selling and the pair could decline to $0.10. Alternatively, if bulls can drive and sustain the price above the neckline, it will suggest that the bearish setup did not find support at lower levels. That could open the doors for a rally to the 50-day SMA and then to $0.45. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #dogecoinprice #dogecointothemoon🚀 #dogecointo1dollar #dogechallenger #dogearmy #dogememe #dogetothemoon #dogecharger #dogecoin #dogecointothemoon🚀🚀🚀🚀🌛🌜🌟⭐💯💯💯💯💯xxxx #dogecoinmining #dogecoins #dogecoinarmy #dogecoinnews https://www.instagram.com/p/CQfNjvyAO5t/?utm_medium=tumblr
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News der Woche: Warum sich Dogecoin Mining jetzt richtig lohnt
News der Woche: Warum sich #Dogecoin #Mining jetzt richtig lohnt
#dogemining #ltcmining #cryptomining #btcmining #cryptominingfarm #elonmusk #twitter #tesla
Die Kryptowährung Dogecoin zählt zu den Altcoins und wurde in der Vergangenheit öfter belächelt, da sie keinen echten Use-Case zu besitzen schien. Im Grunde genommen ist sie Hunde-Meme-Token und eine von Litecoin abgeleitete Peer-to-Peer Kryptowährung, die ursprünglich als Spaß-Crypto und Parodie auf Bitcoin ins Leben gerufen wurde. Warum sich das Mining dieses Coins nun richtig lohnt und wie ihr…
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DOGECOIN ANALYSIS DOGE/USDT Dogecoin (DOGE) had been trading near the 20-day EMA ($0.26) for the past few days but the bulls could not push the price above it. This suggests that bears aggressively defended this resistance. The bulls seem to have given up and are closing their position today. If the bears sink the price below $0.21, the selling could intensify further and the DOGE/USDT pair may retest the critical support at $0.15. The gradually downsloping moving averages and the RSI below 41 indicate advantage to the bears. The selling could pick up momentum below $0.15, which could result in a drop to $0.10. This negative view will invalidate if the price rebounds off $0.21 and breaks above the 20-day EMA. Let's keep pumping the market guys Guys Stay Bullish, Stay Humble, Stay Put #dogecoinprice #dogecointothemoon🚀 #dogecointo1dollar #dogechallenger #doge #dogearmy #dogememe #dogetothemoon #dogecointothemoon🚀🚀🚀🚀🌛🌜🌟⭐💯💯💯💯💯xxxx #dogecoinmining #dogecoins #dogecoinarmy #dogecoinnews #dogememesdaily https://www.instagram.com/p/CRAymxKMpd5/?utm_medium=tumblr
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