Dogecoin (DOGE) mining has recently surpassed Bitcoin (BTC) in profitability, with some rigs earning up to $14 in just 24 hours compared to Bitcoin's maximum of $7. This shift in earnings can be attributed to several factors, including initial investment costs, energy expenses, and the distinct algorithms used by each network.
Data from Whattomine indicates that the most profitable Dogecoin mining rigs generated net earnings between $3 and $14, while Bitcoin miners faced lower returns, with some even incurring losses of up to $6. Despite higher electricity costs for Dogecoin miners, the overall profitability remains significantly higher, making DOGE an attractive option for miners.
As the crypto landscape evolves, this trend highlights the importance of adaptability and strategic decision-making in mining operations.
