Dogecoin Is 261% More Lucrative Than Bitcoin in One Secret Element: Crypto Analytics Platform

According to crypto analytics platform CoinWarz, meme token Dogecoin (DOGE) is significantly more lucrative to mine than Bitcoin (BTC).

Per the analytics platform, the electrical energy expenses are a little less to mine BTC than DOGE, however the earnings margin for mining DOGE is signifcantly greater than mining BTC.

Sometimes of composing, the electrical energy costs to mine DOGE is at $8.22 each day and $7.22 each day to mine BTC, according to CoinWarz. However DOGE miners are benefiting $12.94 everyday compared to simply $3.58 in earnings each day for BTC miners– making the meme token over 261% more lucrative to mine than the king crypto.

DOGE is the 2nd most lucrative token to mine, according to CoinWarz.

Sometimes of composing, DOGE is valued at $0.0891, an almost 10% boost in the last 24 hr after rallying with the more comprehensive crypto markets.

The most lucrative token to mine is Edge (XVG), which is paying miners $33.38 in earnings daily after $8.22 electrical energy expenses. Bitcoin Money (BCH) ranks as the 5th most lucrative token to mine at $3.36 everyday earnings. Litecoin (LTC) ranks 6th at $1.80 each day in mining earnings.

On The Other Hand, Ethereum Classic (AND SO ON) and Monero (XMR) are losing miners cash, running in the red at $0.26 and $0.32 each day, respectively.

Most of DOGE financiers are resting on earnings. According to blockchain analytics firm IntoTheBlock, 61% of DOGE holders pay in their financial investments while 35% are not.

Created Image: Midjourney