So you've got your wallet set up and are ready to get some Doge! Dogecoin mining is how new dogecoins are created. Mining uses the Scrypt key derivation algorithm to proving a Proof of Work, or a way to prove that you've actually mined what you claim you've mined. Mining a block can be likened to cracking a password for that block (the process is very similiar). This is why GPUs (the processor on graphics cards) are more effective than CPUs - where a consumer-level CPU will have up to 8 cores, a GPU can have hundreds, each one simultaneously attempting a different 'hash'. A very good explanation can be found here . There are two different ways to mine - Solo Mining (you try to mine a block on a single device) and Pool Mining (where many people join together to mine the same block, splitting the block profits). Mining speeds are measured in KH/s (kilohashes per second) and MH/s (megahashes per second).
Solo mining and pool miningEdit
Solo mining is like winning the jackpot, you mine alone and have much less chance of getting something. When you get something though, you don't have to share it and keep it for yourself. Thats how you mine.
A pool is a group of people that mine together, using multiple peoples hashing power combined. In a pool, chances of finding a block and receiving coins is much higher than solo mining. The amount of coins you get is proportional to the amount of work you put in usually measured in shares. Let's say you're in a pool, and you mine 10% of the total that is mined, that means you get 10% of every dogecoin that is found while mining.
If you are worried about your GPU or CPU temperatures during mining, there are monitor tools available.
HWMonitor CPUID is a free utility which gives useful info on your system's status. Voltage, fan speed, and most importantly, temparatures are listed. Download it from here . For
EVGA Precision is a free (with registration at evga.com) utility for more advanced users - in addition to the voltage, fan speed, and temperature information, it also gives control over GPU and memory clock speeds allowing for overclocking, allows adjustment of the fan speed curve (increase/decrease fan speed at certain temperature points), gives the option for having an number of GPU metrics (temperature being the most useful while mining) displayed on screen and/or in the taskbar, and multiple profiles to easily switch groups of settings on and off.
iStat Nano is a free Dashboard widget which shows system info, such as fan speed, temperature and CPU usage.
CPU mining isn't really recommended, because you'll be spending a lot on more on power than you'd make from mining Dogecoin. You could better spend that money on buying Dogecoin by trading. But if you have free electricity and want to try it out, check out this informative forum post.
If you wish to mine with your GPU you can check how much khash/s you can expect from your GPU here. As Litecoin uses the Scrypt algorithm as well, a user will see similar numbers when mining any Scrypt currency. Please note that Bitcoin uses a different algorithm (SHA-256), so Bitcoin mining hashrates will be quite different. For example, a Radeon 4870 will mine a SHA-256 currency (e.g. Bitcoin) at 80-100 MH/s, but will mine a Scrypt currency (e.g. Dogecoin) at 130-140 KH/s.
To find an estimate of how many Dogecoins you can expect to mine with a certain device, find your device on the list above and input the KH/s into a mining calculator. This site offers calculators for nearly every current cryptocurrency (both SHA-256 and Scrypt), and has options for mining difficulty, power cost, power usage, Doge -> BTC exchange rate, and starting hardware cost - showing not only how much you will potentially mine, but also your profit in USD and how many days it will take to break even on new hardware. This can be very useful when choosing a video card specifically for mining.
When mining, it's very important to keep your video drivers up to date. New versions of mining software may rely on driver features missing from older driver versions. The latest ATI drivers can be found here , and the latest Nvidia drivers can be found here .
AMD GPU miningEdit
This is the Problem with Wiki's
Nvidia GPU miningEdit
For these instructions, we will assume that you are joining a mining pool.
- Create an account on the mining pool and log in.
- Click the my workers tab on the left of the website.
- Once in the My Workers page, create a new worker with whatever name and password you desire.
- Next download the latest CudaMiner version from this forum post. Remember, make sure your drivers are up to date !
- You should get a folder with contents to run cudaminer on x64 or x86. Enter the appropriate folder for your computer.
- Once inside the folder you will see files like this .
- Next open Notepad and paste the following inside of it: cudaminer.exe -o stratum+tcp://www.miningpoolurl.com:3333 -O username.workerName:workerPassword (fill in the pool's stratum URL, your username for the pool, .and the worker name and password you set up with the pool. Very fgt. Much fgt. WfgtW.
- You want to then save that file as a .bat file like this . So for example the file could be called runMiner.bat. When saving make sure you select "All Files (*.*)", or the file could save with a hidden .txt extension (runMiner.bat.txt).
- Make sure this batch file is placed in with your other cudaminer files.
- Double click the .bat (batch) file to run cudaminer. And hopefully you should see messages like this .
- If you want to join other pools the info to join like port number etc is normally located under the "Getting Started" section of the website.