Dogecoin Started as a Joke, But Expand Mine Is Getting Major

Elon Musk’s preferred crypto made a comeback at the end of last year as retail traders flooded again into the market to jump up Dogecoin. The gold was launched as a pun in 2013, but has persisted over the years and remained popular.

But just how critical is the company of mining the O. G. image gold? People are actively buying the equipment to do so, according to contractors at this year’s Mining Disrupt event in Fort Lauderdale, Florida. &nbsp,

Though the conference was heavily focused on the established business of Bitcoin mining—which is headlined by major, publicly traded firms and backed by President Trump—coins like DOGE and Litecoin ( LTC ) also require proof-of-work mining and reward miners for supporting each chain.

In fact, the systems that mine for alternate PoW bitcoin often mine them at the same time—technically dubbed “merged mine “—which lets them increase their profits. Vendors said that workers of all stripes, from single individuals all the way up to public businesses, are showing interest in order to receive a bit of extra money.

” Mining DOGE or LTC can aid workers improve income”, said Payne Cong, mind of business development at ElphaPex.

And Alan Martinez from hardware producer JSBIT told that while the workers could possibly earn$ 750 per month mine DOGE on just one of the almost motionless systems, large mining companies are even showing interest in snapping up the money makers. &nbsp,

” We’re talking with large firms—listed on the Nasdaq—who are interested”, he said.

Case in point: Last year, the Nasdaq-listed VivoPower ( VVPR ) announced that its subsidiary Caret Digital would start mining Dogecoin and Litecoin.

Data from CoinWarz indicates that right now, workers can make revenue of$ 5.83 per day mining Expand with one machine. Mine Bitcoin with one device is, on average, experience operators rewards of$ 9.41 per time. &nbsp,

Public American worker BIT Mining said in December that mine DOGE was a bigger income cattle for the business than the orange gold. Mine Cryptocurrency is becoming increasingly difficult for smaller people as mine complexity increases and the price of the biggest online resource takes a strike. &nbsp,

DOGE gained a cult following after Tesla boss and now Trump advisor Musk started talking about the coin on X ( formerly Twitter ). Before that, the asset was largely seen as a big joke—but then it started to gain substantial value.

Musk recently praised the coin’s tokenomics. DOGE has an uncapped supply with 10, 000 new coins minted every minute, and the tech billionaire has argued that this makes it good as a currency, instead of Bitcoin, which is largely touted as a “digital gold”. With its limited supply, Bitcoin is seen by many as a store of value rather than a coin that’s worth spending like cash.

But big-time miners aren’t getting stuck in seriously—at least not yet. Martinez told that so far, small businesses were the biggest customers, such as owners of cafes and office buildings.

He cited an example of an unnamed coffee shop chain that he said was mining Dogecoin at six of its sites, “almost” like a side hustle, taking advantage of the heat recapture as well. &nbsp,

” Don’t turn on your heater—turn on your miner”, he said of DOGE mining’s additional benefits. ” When was the last time a heater paid you”?