Dogecoin takes the lead over Bitcoin in mining profitability

Some Dogecoin mining rigs achieved profits of $14 in the last 24 hours, while BTC miners did not exceed $7

Dogecoin uses the Scrypt algorithm and processes blocks on its network every 1 minute.

Bitcoin miners are worth almost twice as much or more than DOGE miners.Dogecoin (DOGE) mining is going through a moment of greater profitability than Bitcoin (BTC). Some factors of this superiority are the initial investment, energy costs, the algorithm of each crypto asset and the time that each network takes to successfully process the next block.

Examining the best Dogecoin mining rigs on the Whattomine site, it is observed that the most profitable ones obtained net profits in the last 24 hours that ranged between $3 and almost $14. This is shown byIn the worst case, a Dogecoin miner lost around $4.

For their part, the same statistics for bitcoin miners reflect net income in the last 24 hours that, at best, reached $7. Regarding the bitcoin devices that were in the negative, the losses started at -$0.12 and in some cases reached -$6. Dogecoin mining equipment is longer-lived

On the other hand, half of the Dogecoin mining equipment analyzed was launched in 2021, while bitcoin devices, between 2023 and 2024. There are two BTC miners that are not yet on the market, one will be released in November 2024 and another in October.

In this way, Dogecoin miners perform positively for longer than bitcoin miners, which reduces the need to replace equipment, with the savings in operating costs that this entails.

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