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Few cryptos have attracted more controversy, hype and humor than (Elon Musk’s beloved) Dogecoin (DOGE). Yet, against the backdrop of jokes, memes and skepticism, Dogecoin has not so quietly risen to the top ten cryptocurrencies by market cap. Importantly for crypto miners or those considering this trade, Dogecoin is among the most profitable coins to mine.
Dogecoin was launched in December 2013 as a fork of Luckycoin, and boasts both Bitcoin and Litecoin in its lineage.
The coin is the only mineable cryptocurrency among the top ten cryptos, aside from the leading duo — Bitcoin and Ethereum.
Dogecoin is considerably faster and easier to mine than Bitcoin. It also has a lower mining difficulty — as measured by the hash power required to solve a new block — than Ethereum, Litecoin, Bitcoin Cash or just about any other mineable cryptocurrency in the top 100 by market cap. In short, knowing how to mine Dogecoin might be the safest route to profitability for a crypto miner in 2022.