Since Bitcoin became the first cryptocurrency in 2009, there are now thousands of cryptocurrencies. These new coins (running on their own native blockchain) are called altcoins or alternative coins. One popular altcoin is Dogecoin. It can be bought, sold and traded, just like Bitcoin. It can also be mined!
This article will explore how to cloud mine Dogecoin and other cryptocurrencies cloud mining
What is Dogecoin cloud mining?
Dogecoin cloud mining is the process by which cloud mining service providers are rewarded with new Dogecoins by checking transactions on the Dogecoin blockchain. It seems simple, but it is not that easy!
Cloud mining service providers process the same block of transactions through many computers at the same time, but only one computer can win the reward of new coins. The one that earns new coins is when a node adds a new block of transactions to an old block. This is done using a complex mathematical equation.
The node that solves the math problem f
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