Free Dogecoin Mining

To participate in the Dogecoin blockchain network, a collection of computers work together to add blocks of transactions to the public ledger. The computer that is first to solve the block's cryptographic puzzle receives a mining reward for its contribution to the network and then moves on to a new block. To contribute to the network, your computer must have access to hash power. This hash power can be provided either by your hardware or by cloud computing services.

Mining Dogecoin with a computer also requires software that performs two tasks: To mine Dogecoin, your computer will connect to a Dogecoin pool, which is a group of other computers that work together to add blocks of transactions to the public ledger. By joining a group, you have a better chance of solving a block because you are working with other miners so that you can win the reward. There are several different types of Dogecoin pools related to how much computing power they contribute. A pool with more computing power has a greater chance of solving a block and receiving money every hour.

Once connected to the pool, your computer will start running software that solves complex cryptographic problems in exchange for rewards (in this case Dogecoin). Mining is an important part of any cryptocurrency because it increases transaction security

Dogecoin Monetary Policy

Inflation is a monetary policy where a central bank increases the supply of money in circulation to stimulate the economy.

While Dogecoin was never intended as an investment, it has become one. Those who invested in Dogecoin early on have seen an enormous return on their investment. While this is great news for those that invested, it means that Dogecoin is no longer deflationary and the price will never increase again due to scarcity. This is why the supply limit had to be removed.

Dogecoin inflation works similarly to Bitcoin's block reward halving, except at a much faster pace. The block reward started at 10,000 coins per block, but after every block mined (approximately 1 minute), it decreases by 0.25%. This means that around one year and 160 days after launch (which happened in early August 2015), the block reward would have been at 10,000 coins per block again and from there on, it would not decrease anymore.