Elon Musk’s Favorite Cryptocurrency I’ve made a comeback At the end of last year, retail investors snapped up Dogecoin. The coin was released as a joke in 2013, but it lasted for many years and remained prominent.
But how serious is the business of mining OGs? Same corner? pAccording to a vendor at this year’s Mining Disruption Conference in Fort Lauderdale, Florida, Eople is actively purchasing machines for that purpose.
The conference focused on established businesses in Bitcoin mining headlined by large, publicly available companies and supported by President Trump, but like coins Doge and litecoin (LTC) I need it again Proof of work Mining and reward miners to support each chain.
In fact, machines that mine such alternative POW cryptocurrencies often mine them at the same time – technically called “merged mining” – which allows them to increase their income. The vendor said all striped miners, from solo participants to public companies, are showing interest in making a little extra cash.
“Mine doges or LTCs help miners maximize revenue,” said Payne Cong, head of business development at Elphapex.
Alan Martinez of hardware maker JSbit said Decryption Miners could potentially win $750 per month mining Doge on just one of the nearly silent machines, but large mining companies have also expressed interest in snapping money makers.
“We are talking to large businesses listed on Nasdaq.
Suitable Case: Vivopower (VVPR) registered with NASDAQ last year announcement Subsidiary Caret Digital will begin mining Dogecoin and Litecoin.
Coinwarz data now shows that miners can make a profit from mining Doges of $5.83 per day on one machine. Mining Bitcoin on one machine allows operators to earn an average reward of $9.41 per day.
Public Miner Bit Mining I said In December, the mining industry was a bigger cash cow for the company than the orange coin. As mining becomes more difficult and the prices of the biggest digital assets hit, mining Bitcoin is becoming increasingly difficult for small players.
Doge won the cult after Tesla Boss and Trump Advisor Musk began talking about X (formerly Twitter) coins. Before that, the assets were primarily considered a big joke, but then began to gain considerable value.
Recently musk praise Coin talk nomics. Doge has a supply that has no supply minted 10,000 new coins per minute, and tech billionaires claim it will be better as a currency instead of Bitcoin, which is primarily advertised as “digital gold.” Due to limited supply, Bitcoin is considered a store worthy rather than a coin worth spending like cash.
But the large miners are not seriously stuck. At least not so yet. Martinez said Decryption So far, small businesses have been their biggest customers, including owners of cafes and office buildings.
He cited an example of an unnamed coffee shop chain that said it was mining Dogecoin on six sites. It’s getting hot Same thing.
“Don’t turn on the heater, turn it into a miner,” he said of the added benefits of Doge Mining. “When was the last time the heater paid you?”
Edited by Andrew Hayward
