DOGE AuxPow – Crypto Mining Blog

DOGE AuxPow - Crypto Mining Blog

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DOGE After a Few Days of Merged Mining

After the announcement of the Dogecoin and Litecoin merged mining a few days ago wij’ve seen some interesting development. The DOGE network hashrate and thus the difficulty has literally skyrocketed spil most of the hashrate from the LTC network has bot added to the DOGE spil people moved to pools with merged mining support. Most of the people mining DOGE directly have also moved to merged mining spil with the serious increase of Dogecoin difficulty it became pointless to directly mine for it instead of mining te a pool with support for AuxPow. Te fact the AuxPow support for DOGE means that you can merge mine it not only with Litecoin, but with other Scrypt crypto currencies spil well, but the main concentrate of course is merged mining with LTC spil there the network hashrate is the highest.

With the spike of difficulty it wasgoed expected that the price of the DOGE should rise and some people used that to speculate and do a pump up to about 90 Satoshi and then dumped bringing down the price to about 50 Satoshi. Now however the price has kleuter of stabilized already at a level of about 70 Satoshi, so wij can say that there is a significant increase of the price meaning there is still serious rente ter DOGE and the merged mining has actually done more to revive it than to kill it spil some pessimists claimed. Still wij are about to see what will toebijten on the long term, but now things seem to be stabilizing after the initial peak of rente. The effect from the merged mining that wij are observing already on the LTC side is that the difficulty has embarked to increase rapidly, or at least that wasgoed observed with the last difficulty adjustment. The Litecoin network difficulty has enlargened with almost 17% due to the spike of rente and people mining for DOGE and other Scrypt crypto currencies moving to meteen LC mining with merged mining support for DOGE. This large spike ter difficulty however should most likely be a single event and wij are most likely going to see things moving at a slower tempo ter the next few days.

  • Te: Crypto Coins
  • Tags: DOGE, Doge and LTC merged mining, DOGE AuxPow, DOGE merged mining, LTC, LTC merged minig, Scrypt merged mining

Time to Commence with the DOGE and LTC Merged Mining

Wij are expecting the merged mining support for Dogecoin and Litecoin that wasgoed announced to commence after DOGE block 371337 to toebijten any ogenblik now (less than 100 blocks remaining), so if you are presently mining Dogecoin you might want to budge to a pool with merged mining support. You should be able to mine directly for Litecoin and also get Dogecoin additionally, however te order to be able to do that you will have to use a pool that has already implemented DOGE and LTC merged mining support. Do note that merged mining of DOGE can toebijten with other Scrypt coins spil well and not only with LTC, so some pools may have enabled merged mining of Dogecoin with other Scrypt crypto coins. Wij have ready a list of pools that have already announced that are ready with merged mining support and spil soon spil wij budge past the block that should act spil a embarking point of the support you should begin getting paid ter LTC and DOGE by just mining for Litecoin. You will still be able to separately mine only DOGE, however there is not going to be much point te that when you can get the same amount of DOGE reserve while mining for LTC te a pool supporting merged mining. There are still not a loterijlot of pools supporting AuxPow merged mining, but wij’ll very likely see some more adding support te the next few days…

Pools with LTC and DOGE merged mining:

Do note that that the AuxPow or merged mining support comes with a hardfork for the DOGE, so you will need to update your wallet to proceed using it after block 371337, so if you still toevluchthaven’t updated to version 1.8 of the Dogecoin wallet than it is time to do the upgrade. Have ter mind that the update will require you to reindex the blockchain and that can take some time to finish.

  • Te: Crypto Coins
  • Tags: Coinotron, Coinotron merged mining, DOGE AuxPow, DogeCoin, Dogecoin AuxPow, DOGEcoin fork, Dogecoin mandatory update, Dogecoin mandatory upgrade, Dogecoin merged mining, Dogecoin wallet, Litecoin and Dogecoin merged mining, Litecoin merged mining, LTC and DOGE merged mining, LTC merged mining, merged mining, Multipool, Multipool merged mining, Scrypt merged mining

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