Dogecoin

Litecoin

Notable

<ul>
 <li><strong>The most profitable Dogecoin ASIC miner currently generates a net profit of around $57 per day.</strong></li>
 <li><strong>Dogecoin’s price has soared by nearly 186% since November 5, 2024, boosting the profitability of mining operations.</strong></li>
</ul>
<p>The realm of cryptocurrency has witnessed a significant turnaround with <a href="https://www.ethnews.com/xyzverse-presale-rockets-15000-gearing-up-to-displace-dogecoin-and-shiba-inu-in-the-meme-market/" rel="noopener noreferrer nofollow">Dogecoin</a> (DOGE), as the meme-inspired coin has surged nearly 186% in price since November 5, 2024. This dramatic increase has pushed DOGE’s market value to approximately $0.40, a peak not seen since May 2021, according to data from CoinMarketCap.</p>
<h2 id="surge-in-mining-profitability">Surge in Mining Profitability</h2>
<p>This rise in <a href="https://www.ethnews.com/dogecoin-price-alert-golden-cross-formation-on-charts-indicate-big-move-ahead-heres-the-next-potential-target/" rel="noopener noreferrer nofollow">Dogecoin</a>‘s market value has notably enhanced the profitability of mining the cryptocurrency using Application-Specific Integrated Circuits (ASICs), specialized hardware designed for mining specific cryptocurrencies.</p>
<p>Currently, the Bitmain Antminer L9 17.6Gh, introduced to the market in May 2024, stands out as the most profitable ASIC, not only for mining <a href="https://www.ethnews.com/whales-propel-dogecoin-to-1-bulls-drive-xrp-to-2-while-dogen-shatters-records-with-a-2500-surge-on-the-horizon/" rel="noopener noreferrer nofollow">Dogecoin</a> but across the entire cryptocurrency market.</p>
<p>This device boasts a daily net profit of $57, calculated with an electricity cost of $0.10 per kWh—a standard measure used by the mining profitability website Whattomine.</p>
<p>The Bitmain Antminer L9 17.6Gh is remarkable for its computing power of 17.60 GH/s (Gigahashes per second) and energy consumption of 3,260 watts. For those looking to purchase this ASIC, the investment stands at $13,500. Given its energy efficiency rated at 185.23 J/GH (Joules per Gigahash), it represents a pinnacle of mining technology efficiency.</p>
<p>In contrast, a lower specification model of the same ASIC, with a hash rate of 16 GH/s and consuming 3,360 watts, ranks as the third most profitable mining option. This model nets an average of $52 daily for miners, according to Whattomine.</p>
<h2 id="other-notable-asic-miners">Other Notable ASIC Miners</h2>
<p>The VolcMiner D1, introduced in November 2024, and engineered specifically for mining <a href="https://www.ethnews.com/why-this-0-000667-token-could-eclipse-dogecoin-and-shiba-inu-by-2025/" rel="noopener noreferrer nofollow">Dogecoin</a> and other cryptocurrencies based on the Scrypt algorithm, is another high performer in the mining scene.</p>
<p>Priced at $13,000 for its most powerful version (17.00 GH/s), it generates a net profit of about $54 per day, positioning it as the second most profitable mining rig on the market for DOGE.</p>
<p>Additionally, two models from ElphaPex, the DG1+ and DG1, with hash rates of 14 GH/s and 11 GH/s respectively, occupy the fourth and fifth positions in terms of profitability. These units yield net profits of approximately $43 and $32 per day, highlighting the robustness of <a href="https://www.ethnews.com/stellar-and-dogecoin-go-ballistic-over-the-past-month-fxguys-fxg-is-set-to-take-over-the-bullish-momentum/" rel="noopener noreferrer nofollow">Dogecoin</a>‘s mining industry.</p>
<p>These mining devices not only offer opportunities for mining Dogecoin but also Litecoin (LTC), although LTC mining is currently not as profitable, according to Whattomine data.</p>
<p>Moreover, these ASICs can be utilized within the Nicehash mining pool, potentially increasing their profitability by an average of $2 to $3 per day.</p>
<p>The resurgence in <a href="https://www.ethnews.com/dogecoins-price-surged-9-to-0-43-within-24-hours-post-etf-speculation-with-analysts-predicting-a-1-target/" rel="noopener noreferrer nofollow">Dogecoin</a>‘s market value has significantly elevated the gains from mining, marking a notable period where the mining hardware for DOGE has become some of the most lucrative on the market.</p>
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<p>The post <a href="https://www.ethnews.com/dogecoin-mining-surges-asic-miners-hit-record-profits/" rel="noopener noreferrer nofollow">Dogecoin Mining Surges: ASIC Miners Hit Record Profits</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.</p>

Dogecoin Mining Surges: ASIC Miners Hit Record Profits

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