The mining process of Dogecoin became increasingly difficult over the course of 2021, as revealed by figures that show how many times miners need to run a calculation. Hashing refers to the amount of processing power that PCs use to build the blockchain: the more blocks of verified transactions that are processed or "hashed", the more cryptocurrency - the reward for this verification process - is being mined. A higher mining difficulty means more miners are trying to get this cryptocurrency and essentially shows how much computing power is being applied to mine this particular virtual coin.
Average mining difficulty of Dogecoin from December 2013 to August 25, 2024
(in megahash)
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BitInfoCharts. (August 26, 2024). Average mining difficulty of Dogecoin from December 2013 to August 25, 2024 (in megahash) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1224562/dogecoin-mining-profitability/
BitInfoCharts. "Average mining difficulty of Dogecoin from December 2013 to August 25, 2024 (in megahash)." Chart. August 26, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1224562/dogecoin-mining-profitability/
BitInfoCharts. (2024). Average mining difficulty of Dogecoin from December 2013 to August 25, 2024 (in megahash). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1224562/dogecoin-mining-profitability/
BitInfoCharts. "Average Mining Difficulty of Dogecoin from December 2013 to August 25, 2024 (in Megahash)." Statista, Statista Inc., 26 Aug 2024, https://www.statista.com/statistics/1224562/dogecoin-mining-profitability/
BitInfoCharts, Average mining difficulty of Dogecoin from December 2013 to August 25, 2024 (in megahash) Statista, https://www.statista.com/statistics/1224562/dogecoin-mining-profitability/ (last visited December 21, 2024)
Average mining difficulty of Dogecoin from December 2013 to August 25, 2024 (in megahash) [Graph], BitInfoCharts, August 26, 2024. [Online]. Available: https://www.statista.com/statistics/1224562/dogecoin-mining-profitability/