In 2013, Jackson Palmer and Billy Markus started working together to create a simple cryptocurrency that would eliminate the border between people who dosen’t know what is cryptocurrencies to people who know.
They decided to use a popular meme as the logo – Shiba Inu dog.
Dogecoin was launched on December 6th 2013. Since than its popularity grew with many more people recognizing the Dogecoin logo than most other cryptocurrencies.
Dogecoin to the moon
In 2017 Dogecoin along the whole crypto market went up in value to 0.015 $ per coin, which increased from 0.0005$ a jump of 3000%, Dogecoin to the moon indeed !
Digital Currency Mining
To understand mining, you first need to understand how cryptocurrencies work. Cryptocurrencies are peer-to-peer digital currencies. This means that they allow money transfers from one user to the other without use of a centralized system (Bank). For each transfer to be approved it should be sent for all dogecoin holders and approved by the miners. The miners get rewarded for their help with transferring and validating transactions and that’s how you earn cryptocurrencies from mining online, or with hardware.
The mining term is coming from mining gold, so consider this, when you get a cloud mining contract you are getting a person who is digging gold for you !
What is Dogecoin Cloud Mining?
Dogecoin cloud mining is the same process as hardware mining but with the dogecoin mining online, you don’t need to have any kind of hardware at your place, you can mine dogecoins without ever needing any kind of technical expertise or deep understanding of the process. Just chose the returns you want, click buy, and in less than a minute you can have your own dogecoin cloud mining.
Now, lets compare how DogeCoin Cloud mining works compared to Litecoin and Bitcoin…
||Litecoin cloud mining
||Bitcoin cloud mining
||Dogecoin cloud miningg
|Block Time (In Minutes)
|Reward (Per Block)
|Reward (Per Block in USD)
While dogecoin reward is much smaller, it’s coming much faster, and it requires less electricity so it’s cheaper to mine. Dogecoin mining difficulty is more than one million times less than Bitcoin mining difficulty. This means you are much more likely to win the block reward when you mine Dogecoin.
Free Cloud Mining
There isn’t a real free trial cloud mining service out there, but there are plenty of online faucets, some of them, supplied by the mining companies, like genesis-mining. You can spend a few days in collecting your free dogecoins, free litecoins, or any other free cryptocurrency you wish. When you get to the lowest miner amount, you can start your “free dogecoin cloud mining” and let it pay for itself. This version of the free dogecoin cloud mining won’t earn you a lot of money, but it will help you “put your foot at the crypto currency door”.
Let’s see what you need to do to become a Dogecoin miner…
How to Mine Dogecoin in the cloud
There are Three ways to mine Dogecoin online, Genesis-mining.com
In each of the the process is quite similar:
- Open an account
- Select the hashing power you want to use (your monthly payment)
- Start dogecoin mining online!
For the Free trial cloud mining version the steps are a bit different:
- Open an account with genesis mining faucet (or any other faucet)
- Collect payments as often as possible to reach the lowest monthly payment
- Go to your genesis-mining miner account
- Select the hashing power you want to use
- Start dogecoin mining online !
That's all guys and girls, to start your miner, or your faucet account now, click here !