The team of technicians DOGE COIN and the company's financial department monitor key cryptocurrency market trends. We are studying the processes of mining and search. CoinWarz Dogecoin mining calculator Enter your mining rigs hash rate and the CoinWarz Dogecoin calculator will use the current difficulty and exchange rate to. Profit Calculator. Wow, such model. 1000 DOGE = 0.2429 USD USD 40 satoshi. Your Mining Revenue Hourly 0 Daily 0 Weekly 0.

I love Dogecoin, and I love the dogecoin community. So I thought I'd take a moment to look at whether it's worth buying mining hardware to get Dogecoin, or just buying Dogecoin itself. I had another redditor give me some figures to go off of, so I ran the numbers on Coinwarz and this is what I got: A 280x on Amazon.

I'm going to assume for the purposes of this calculation that no other hardware would be required other than the card. Best Viacoin VIA Mining Software. If someone else can give me an estimate for the accessories, please do.

We're getting 700 KH/s with power consumption of 260W, and electricity prices of $0.10 per KW/hour (the US average right now). I'm using the coinwarz calculator to determine revenue (I set the equipment cost to $0): Where people get tripped up is that they don't account for the difficulty increase. So what I've done is look at the Dogecoin and Bitcoin difficulty increase over the past month, and done a week by week look at the returns, assuming the same weekly difficulty increase as each currency had. Dogecoin's difficulty went from 472 to 1385. That's a 193% increase in a month. Bitcoin's difficulty went from 1180-2193, an 85% increase. Assuming a 193% increase, the difficulty will rise to 4058 by the end of the month.

To calculate the difficulty for a week, we use the average difficulty between the beginning and end of the week. The difficulty goes up 664 a week, so we take half of that and that's where we start the first week: (since the week starts at 1385 and ends at 2049, we add a half week's increase to get the average of 1717. Week one - 1717 Difficulty: $55 Week two - 2381 Difficulty: $39 Week three - 3045 Difficulty: $29 Now i'm being generous because the reward halves in 18 days, but i'm pretending it lasts 3 weeks.

Week four - 3709 Difficulty: $10 Added together, you make $133 your first month. At the end of month difficulty (4058) You'd make $8.27 per week, or 38 weeks (or 9.5 months) to break even.

And that's assuming the difficulty stays the same after one month. Now, running the numbers assuming the 85% increase that bitcoin experienced: week 1 - 1532: $62.60 Week 2 - 1826: $51.82 Week 3 - 2120: $44.02 the mining reward drops by 50%: Week 4 - 2561: $16.88 = $175.32 Assuming the same difficulty as the end of week four (2562) in perpetuity, it would take you 17 Weeks (4.3 months) to make back your initial investment. And that's assuming the difficulty stays the same, which it won't. And if you're going to assert that 'well, that's based on the fact that the price will stay the same, but part of the reason you mine is cause the price might go up!'

Yes, the price might go up, but you'd make the same amount of money buying $450 Dogecoins. The question is not 'are Dogecoins a good investment?' It's 'is mining Dogecoins a better investment than just buying them?' TLDR; buying new hardware to mine Dogecoins is a bad investment when you take into account the rise in Difficulty. On the other hand, this is exactly the same argument that almost deterred me from investing in a Litecoin rig in early December. But I went ahead anyway, spent £1000 and built a 1650 kh/s rig. After a week or so I had 6 litecoins and had been reduced from 1 per day to 0.4 per day.

Oh well, it's fun and it'll eventually break even, and/or I'll sell it. Then Dogecoin came along. I didn't jump in on day one, but early enough that my rig pumped out 300,000 on its first day.

I'm now sitting on 7 bitcoins. From mining since mid December. On a £1000 rig. Yeah, turns out it was worth it! PS, it still makes 10k doge a day too. + 200 doge • • • •.

There's some truth in that too, and it's another often-made argument. 'You'd be better off just spending the money on coin!'

The counter is that if I had spent £1000 on coin, that coin could have dropped to zero and I'd lose it all. My rig on the other hand could currently be sold for more than I paid for it, so my capital expenditure on fixed assets has actually appreciated! I can switch to mining a different coin at any time, and throughout the whole period there has always been a coin that would yield at least in the region of $20/day at its then current price. So yes, everything you said is true, but a mining rig holds its value and (so far) has always been able to produce at a rate that would pay it off in a couple of months. I'm not saying 'Buy a rig!' It's possible to quantify this stuff.

My point is that I rarely see honest, long term accounting of mining profitability. It's always 'hey, well I bought this and guess what, I made money off it!' And the reason for that is unbelievably simple. It's the same reason that the guys who mined for gold didn't do the same thing. Because when you actually build a spreadsheet to look at the long term cost benefit analysis, the only way you win is if you build the technology, if you design the chips. If you do that, you get the hardware early enough to make serious returns reliably. I simply genuinely don't believe that inefficiencies exist to the degree where you can make a reliable, proven profit.

And If that's the case, if the overwhelming numbers indicate that mining at best breaks even most of the time, then it's no more a risky bet than investing. It just 'feels' less risky cause you get hardware. Best Graphics Card For DigitalNote XDN Mining 2018 on this page.