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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.
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.
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