Many people have heard of dogecoin, but do you know what the dogecoin mining process is like? How to mine dogecoin? What do you need to prepare for dogecoin mining? Today we have prepared an article for everyone, telling interested miners how to mine Dogecoin.
Now for the fun part - how to mine Dogecoin!
**Initial Requirements**
Before getting started, you want to make sure that you have all the necessary requirements.
1\. A good, uncapped Internet connection
One of the things you’ll need is a solid, unlimited Internet connection. You don’t want your Internet to be slow or cut in and out when mining. If you’re not connected to the Internet, you’re not mining.
For slow connections, even if you’re connected, you don’t want to be communicating slowly with the network because that would decrease your chances of receiving block rewards if you and another miner with faster Internet send your results at the same time.
2\. Electrical capacity
Since mining is energy-intensive, you want to make sure that your electrical system can handle your Dogecoin mining needs. See the energy requirements of the things you’ll use like cooling and mining equipment.
3\. Heat management (e.g., cooling system, fans)
Another thing you need is good heat management. Mining equipment can run hot, and you still want to make sure you have the proper cooling in place to make sure your equipment and mining space, such as your garage, don’t overheat.
**Dogecoin Cloud Mining**
If you don’t feel like setting up your own Dogecoin mining operation, you can subscribe to a cloud mining program, in which a data center mines DOGECOIN on your behalf and charges a monthly or annual fee for its services. To easily get started earning dogecoin, join OXBTC Lottery and win 200 Free Dogecoins.
[OXBTC](http://www.oxbtc.com/) is one of the oldest online service providers for mining and hosting cryptocurrency since 2014. Recently OXBTC start a [Lottery Draw Campaign](https://www.oxbtc.com/new_user_gift) for earning 200 Free Dogecoins a week. Every new register on OXBTC official site or OXBTC App can join. To join OXBTC Lottery and earn free dogecoins you need to get a lottery ticket first. See how simple to join:
First, each new user can receive a lottery ticket and join the weekly lottery draw.
Secondly, the winning ticket will be randomly selected from all Lottery tickets and the Lottery result will be sent by email from OXBTC to your e-mail associated with your OXBTC account on Mondays at around 8:00 (SGT). (So, you need to create your OXBTC account by sign your email first).
**What else does OXBTC Mining offer? More profitable mining investment- BTC Bitmain Antminer T17+**
BTC-T17+ flood season contract is based on the Bitmain newest Antminer T17+, running by joint mining form, after users buy the contract, not only can obtain the miner permanent mining income but also has the corresponding miner extraction, trading rights.
**Parameters**
Name： BTC Bitmain Antminer T17+
Miner Efficiency：0.055KW/THS
Miner： Antminer T17
Maintenance fee： Depends on the actual situation
Hashrate：58THS/set
Platform commision：Before payback 0%, after payback 30% of net income.
Price：$39.90/THS
Products Delivery date：2021-08-07(T+10)
Min. order：1THS
Profits Delivery Date： The actual settlement time of the mining pool
Electric Fee：$0.0750/KWH
Contract term： Perpetual
Income Allocation
Expected Daily Profits = 0.00000932 BTC ($0.37)/Day
settlement formula：
Electricity Price \*24H\*the Quantity of Hashrate
Expected Daily Profits\*Commission Rate
(Expected Daily Profits-Daily Electricity Fees + Maintenance Fees) \* the Quantity of Hashrate
**Risk Warnings**
1\. In the actual operation of the miner, the hashrate may be insufficient due to electricity failure or machine failure, and the risk shall be shared by all users who subscribe to the product.
2\. Electricity costs may fluctuate due to changes in national policies and electricity costs, OXBTC reserves the right to adjust electricity fees.
3\. OXBTC has no obligation to compensate for early termination of contracts caused by force majeure such as legal policy, war, earthquake, fire, power failure, etc.
**FAQ**
**Joint mining product instruction**
Joint mining is to buy miners by OXBTC and provide professional hosting services. The miners belong to users and can be freely traded on the platform. Its price and electricity fee are lower than the market average price, users will enjoy the higher mining income and the more flexible purchase way.
**What is the difference between joint mining and joint mining flood season versions?**
The joint Mining (Wet Season) version aims to give priority to users to pay back. In terms of electricity price, miners will be relocated with the season of flood and dry, and the cheaper hydropower price in flood season can be enjoyed, increasing the mining income; about commission, the platform will charge it in stages. Before payback, the platform won't charge any commission, after payback, will charge 30% of daily earning income after decocting daily electricity fee and maintenance fee (mean daily income) as commission.
**The Settlement of Profits**
According to the hashrates you purchase, the daily mining profits will be distributed to your OXBTC account after the calculation of the profits in the mining pool every day. BTC price will be calculated based on the daily (UTC+8) 16:00 price of the Huobi platform.
**Instruction on Maintenance Fees**
The maintenance fee is composed of electricity fee compensation and miner maintenance fee. It will be charged according to the actual situation. If it is not generated, the total cost will be 0.1 The maintenance fee of miners will be apportioned equally according to the actual situation and the maintenance cost incurred in operation will be accounted into the maintenance fee.
**How to deal with or extract miners?**
After purchasing, in the page of mining, choose miner deal to transaction or choose miner to withdraw to extract miners Joint mining flood season version due to charge the commission postprocessing, it isn't supported miners trading currently, will be optimized.
If you are interested in the profitability of mining Bitcoin(BTC) on OXBTC, there is [OXBTC Mining Profit Calculator](https://www.oxbtc.com/support/profitCalculator) for you to simulate Bitcoin(BTC) miner profitability.
