Before starting to mine Dogecoin there are some things that miners need in order to do. Here are the requirements for mining Dogecoin.
Mining Hardware
- Central Processing Unit (CPU): If you already have a powerful computer, and don't want to spend any more money on it, you can mine Dogecoin using your CPU.
- GPU (Graphics Processing Unit): The use of graphics cards or GPUs in mining is well-known. They are used for video games as well, so there could be shortages, which will increase the price.
- Application Specific Integrated Circuit (ASIC): In order to mine Dogecoin you will need an ASIC compatible with Scrypt. ASIC miners are expensive, noisy, require a lot of resources, and tend to overheat. If you don't want to go over budget, choose reputable brands that are reasonably priced and profitable. Originally, mining was done using GPU and CPU. However, this is not recommended anymore. Getting an ASIC will do the job just fine.
Mining Software
You will also need a mining software compatible with Dogecoin to ensure a smooth setup. Mining hardware is only complete with mining software. Mining software is available for different machines and can be enabled to mine new cryptocurrencies.
Dogecoin Wallet
Dogecoin wallets are essential to manage transactions. They can be set up in a matter of seconds. You can easily trade, analyse, and invest in cryptocurrency with just a few simple clicks. Dogecoin wallets are either hot or cold. Cold wallets only connect when a transaction is needed, while hot wallets are always connected to the Internet.