This article will go through mining dogecoins with GUIMiner-scrypt a GPU/CPU miner for Windows based on poclbm. (Download)
First, download a dogecoin wallet from here. Open this up as soon as you download it, because syncing with the network will take a few hours.
What is GUIMiner-scrypt?
GUIMiner is a graphical frontend for mining dogecoin (or scrypt coins). It provides a convenient way to operate Bitcoin miners from a graphical interface. It supports both ATI and NVIDIA GPUs, as well as CPU mining. It supports both pooled mining and solo mining, and embeds a list of mining pools to choose from.
Download and install AMD Catalyst 13.1 Software Suite Vista/7 64-bit AMD and AMD APP SDK v2.8
Link for AMD Catalyst 13.1
and for AMD APP SDK v2.8
Create an account on the pool you want to use. You can see a list here.
Create Pool Workers.
In Port we will put 3335, in username field we put our workers name (in our example, Tutorial.1) and the password we created for it( in our case, 1234). We make sure that the stratum box is ALWAYS on.
You can select from some pre-defined settings for your GPU with the “GPU Defaults” drop down.
Congratulations, you are mining dogecoins!
So where are my Dogecoins?
Dogecoins are only paid out after each block is found. Each block is worth a random number up to one million Dogecoins. Your pool will automatically take those Dogecoins and pass them out to each member of the pool based on the number of shares they earned. Shares are earned by contributing to the pool. If you contribute lots of computing power to the pool, you’ll get a lot of shares; if you contribute only a little computing power to the pool, you’ll only get a few shares. This keeps everything fair–those who do more will get more. You can track the computing power you’re contributing by tracking your hashrate. The pool’s hashrate is usually tracked too, it’s a good metric of everyone’s work combined to find the next block. The higher the pool hashrate, the quicker you’ll find that block, and the quicker everyone will get paid.
Blocks get more and more difficult to find. It’s good to get started early! Your pool likely tracks this estimated difficulty. Do note that the difficulty isn’t a perfect tell of how long it’ll take to find the block. Mining is very random: sometimes you’ll find a block right off the bat with only 5% of the estimated shares distributed and sometimes you’ll spend ages mining a block with 500% of the estimated shares distributed. That’s part of the fun! Think of mining as playing the lottery as a group where we all play and all agree to share the money if one of us wins. Tadaa!
Your pool will likely take a bit to verify the block after it has been found. Be patient! Give your pool some time before you try to cash out. Once you do, though, be sure to spread the joy of Dogecoin! Consider registering with the /r/dogecoin tipbot or setting up a faucet should you ever really strike it rich.
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