What is Dogecoin Mining?

Lilly Wilson - Jul 22 - - Dev Community

Dogecoin Mining is the process of mining Dogecoin cryptocurrency and earning rewards. ASICs (Application Specific Integrated Circuits) are used to mine Dogecoins. ASIC miners use the computation power of the miner to solve complex computational issues, helping the blockchain network mine Dogecoins efficiently and smoothly.

Dogecoin is a decentralized currency that uses proof of work as its consensus mechanism. The proof-of work consensus is used by the miners to validate transactions. Miners receive Dogecoin for each block successfully mined, as well as any other cryptocurrency that uses the Scrypt algorithm.

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