Is it worth it to mine doge?

[leea-1334]

I think there is no such person who mines only doge,,, everyone I knew in the past who claimed to be mining doge was doing it secondary to other coins (usually Litecoin and Bitcoin).

So I guess it is worth it only if you are actually mining something else that is profitable?

[Karma24]

If Elon Musk keeps tweeting about it then hell yeah. 

[noormcs5]

I decided to do that since mining most of anything else is out of the question. doge seems to be the easiest to. will 1 doge ever reach 1 dollar? I remember when people were skeptical that bitcoin would ever get to ..... so many ... milestones that it went to.

1 doge equal to 1 dollar is out of question but i would like to know how much doge are mined in an hour and what is the ROI ?
I would appreciate if anyone can tell me in detail on how to mine doge and what hardware is required to mine it.

[Mighty_crypt]

Why do you want to mine Doge coin? Are you one of those who believe that Doge will hit 1$? Anyways Doge coin isn't the most profitable coin to mine now, even it's not on the top 5 lists on most profitable coins to mine right now, if because of future possible value is why you want to mine Doge it's better to buy instead

[agustina2]

I decided to do that since mining most of anything else is out of the question. doge seems to be the easiest to. will 1 doge ever reach 1 dollar? I remember when people were skeptical that bitcoin would ever get to ..... so many ... milestones that it went to.

If you have a good set of ASIC miners there and you won't mine using just a CPU or GPU then why not? And you are wrong, mining Dogecoin isn't easy as you think especially when if you choose to solo mined it.

There are lots of factors too that you have to consider before you can say it's profitable to do mine DOGE. But I think you are not ready yet as the purpose of mining DOGE should be because you want some more quantity of it and not that it will reach $1 someday.

[harizen]

I decided to do that since mining most of anything else is out of the question. doge seems to be the easiest to. will 1 doge ever reach 1 dollar? I remember when people were skeptical that bitcoin would ever get to ..... so many ... milestones that it went to.

Is your setup now ready? If yes, then you can have a test and record your stats to see if it makes sense to continue.

But if you will start from scratch then compute the possible cost. Also, take a look at some Dogecoin mining information websites for a preview. If you think the cost is not worth to take risks then don't push your plan.

For let's say I'm in your place and situation, I'd rather buy DOGE on exchange directly instead of dealing with mining which is way more hassle and not convenient.

[dansus021]

If Elon Musk keeps tweeting about it then hell yeah. 

HECK YEAHHH 

but in my opinion isn't worth to mining doge but there's something still profitable to mining -> that is Litecoin and some pool made merged mining so you can receive litecoin and dogecoin aswell

[777Jolami]

I decided to do that since mining most of anything else is out of the question. doge seems to be the easiest to. will 1 doge ever reach 1 dollar? I remember when people were skeptical that bitcoin would ever get to ..... so many ... milestones that it went to.

TOTAL TOKEN: 116,016,773,297

TOKEN ISSUED: 116,016,773,297.
 First pay attention to Doge's supply.  And it is important to know its origin as the MEME coin.  It relies on the overall strength of the community and as seen, the crypto community has always been tied to fomo.  What is Elon Musk trying to do to differentiate this doge image?  Obviously, it's a very reasonable option to explore.  The growth of the doge coin community is really impressive, a habit.  Prepare yourself for a good GPU man.😁

[adzino]

Price reaching $1 anytime soon? I doubt. Doge coin is getting pumped right now. It has happened before with this coin. People pumps it and then it gets dumped. If you are joining the hype and want to mine because you think you will make good profit, then think again. Is it worth it? Depends on several factors. You need your mining equipments and then there is your power bills and maintenance cost that you need to pay. Can the coins you mine cover all those costs?
Ask yourself these questions and see if its worth it or not.

[Ken_terrance]

Doge coin isn't worth mining because it's less profitable, it's better to buy doge coin and hold for better value in coming months, if you want to mine any altcoin right now it's better to start with Ethereum, Ravencoin, eternity, beam, and Conflux

[Btc_1856]

I decided to do that since mining most of anything else is out of the question. doge seems to be the easiest to. will 1 doge ever reach 1 dollar? I remember when people were skeptical that bitcoin would ever get to ..... so many ... milestones that it went to.

1 doge equal to 1 dollar is out of question but i would like to know how much doge are mined in an hour and what is the ROI ?
I would appreciate if anyone can tell me in detail on how to mine doge and what hardware is required to mine it.

Even I don't have any idea about how to mine Dogecoin, based on the demand people are showing a lot of interest in the Doge coin? Whether we need to use some specific hardware to mine the Dogecoin, Dogecoin is a complete POW model which needs to mine by using some hardware equipment.

[TheUltraElite]

Doge coin isn't worth mining because it's less profitable, it's better to buy doge coin and hold for better value in coming months, if you want to mine any altcoin right now it's better to start with Ethereum, Ravencoin, eternity, beam, and Conflux

It becomes obvious. Dogecoin price has dropped back to lower levels now. 1$/DOGE is a wet dream of DOGE hodlers and that is not happening soon because of these hodlers who are not willing to hold DOGE anymore and on seeing Musk pump it, they sold off all their assets of the same.

Hence mining doge is not worth it anymore. But this thread was started in a time when it was seeming so which is a case of FOMO. I stand corrected on my first post in this thread that it would have been a waste of time and money for the OP to mine DOGE just because it was close to being high in price but never became so.

[Quidat]

Doge coin isn't worth mining because it's less profitable, it's better to buy doge coin and hold for better value in coming months, if you want to mine any altcoin right now it's better to start with Ethereum, Ravencoin, eternity, beam, and Conflux

It becomes obvious. Dogecoin price has dropped back to lower levels now. 1$/DOGE is a wet dream of DOGE hodlers and that is not happening soon because of these hodlers who are not willing to hold DOGE anymore and on seeing Musk pump it, they sold off all their assets of the same.

Hence mining doge is not worth it anymore. But this thread was started in a time when it was seeming so which is a case of FOMO. I stand corrected on my first post in this thread that it would have been a waste of time and money for the OP to mine DOGE just because it was close to being high in price but never became so.

Imagining on how far is the price from $0.05 to $1 and how much would be the cap of DOGE when reaching out that price then its really hard to believe that it
can really be achieved by likes of this.Lots would really be bag selling off their doge's specially to those who had been holding for all the years if this market.
Big supply is one of the factors too thats why its not really that ideal for this meme coin to raise up high.We cant deny though that this is much off better
than those shitty new projects in the market as of this moment.

[LogitechMouse]

I decided to do that since mining most of anything else is out of the question. doge seems to be the easiest to. will 1 doge ever reach 1 dollar? I remember when people were skeptical that bitcoin would ever get to ..... so many ... milestones that it went to.

The popularity that DOGE got within this past few week is because of Musk tweeting it numerous times.
If he didn't do that, DOGE will still be on the bottom and it will not be as popular as it is right now.

As of this moment, DOGE to reach 1$ is just impossible knowing also that the supply of it is unlimited so the inflation will hit you. Now to answer your question, at least make some research of it. How much is the electricity in your place? How much is your budget in it? As for my part, if I will mine then I'd rather choose other coins than mining a coin like DOGE. If the hype of it will be gone (which it will in a few weeks), it will slowly go down again.

[TheUltraElite]

We cant deny though that this is much off better than those shitty new projects in the market as of this moment.

The legacy altcoins that became synonymous with the term altcoin before the days of ICO and Ethereum tokens started, namly DOGE and Litecoin are better and I agree with your point here.

Still buyers or miners of DOGE need to keep in mind that DOGE does not have any inherent development or use-cases which is the pitching point for many of the later launched altcoins. This does not make either of them good or bad. Some DOGE hodlers do hope for the DOGE future but these people also understand the truth and they sell when the price rises, not buy.

But the fact that there are communities out there trying to make DOGE popular is a point worth an applause.