CandleFocus Dogecoin Mining Turns Out Three Times More Profitable for This Bitcoin Miner
2024-12-05
Author: Content Editor
BIT Mining announced that it will continue its self-hosted mining operations for dogecoin and litecoin after earning three times more profit from these operations compared to its bitcoin mining operations. The company reported mining 84,485.42 LTC and 227,908,250 DOGE, totaling $10 million and $100 million, respectively. It currently has over 5,500 active mining machines, representing 1.32% of the global network hash rate. BIT Mining attributed its success to the recent rally in dogecoin and litecoin prices, which was fueled by endorsements from Elon Musk and changing regulatory landscapes. The company believes that the upward trend will continue and is confident in the growth of the cryptocurrency industry.
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