Dogecoin Is 261% More Profitable Than Bitcoin in One Key Aspect: Crypto Analytics Platform

The meme token Dogecoin (DOGE) is much more profitable than Bitcoin (BTC), according to crypto analytics platform CoinWarz.

According to the analytics platform, the electricity bill is a little less Although you need to mine BTC more than DOGE, the profit margin of mining DOGE is significantly higher than mining BTC.

According to CoinWarz, electricity costs $8.22 per day to mine DOGE and $7.22 per day to mine BTC at the time of writing. However, the DOGE miner makes a profit of $12.94 per day compared to his daily profit of only $3.58 for the BTC miner. In other words, Meme Token is more than 261% more profitable than King Crypto.

Source: Coinwards

According to CoinWarz, DOGE is the second most profitable token.

At the time of writing, DOGE is valued at $0.0891, up nearly 10% over the past 24 hours after rising in the broader crypto market.

The most profitable token for mining is Verge (XVG), which pays miners a profit of $33.38 daily after an electricity bill of $8.22. Bitcoin Cash (BCH) ranks as the fifth most profitable token for mining with a daily profit of $3.36. Litecoin (LTC) ranks sixth in mining profit at $1.80 per day.

On the other hand, Ethereum Classic (ETC) and Monero (XMR) have lost miner funds, resulting in deficits of $0.26 and $0.32 per day respectively.

Most of DOGE’s investors are profitable. According to blockchain analytics firm IntoTheBlock, 61% of his DOGE holders are profitable on their investment, while 35% are not.

Don’t Miss a Beat – Subscribe to get encrypted email alerts delivered straight to your inbox

Price action confirmation

Please follow us twitter, Facebook When telegram

Surf The Daily Hodl Mix

Check out the latest news headlines

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.

Generated image: In the middle of the journey

Leave a Reply

Your email address will not be published. Required fields are marked *