As Dogecoin returns to the center of market discussion after Elon Musk has once again commented on Bitcoin and as the discussion of infrastructure necessary to support the growth of digital assets and digital asset infrastructure gains traction, Poain Mining has declared the expansion of its cloud-based Dogecoin mining operations, to attract users interested in participating in the mining sector in a structured and predictable manner.
Dogecoin, which was initially introduced as a community-oriented crypto-currency has grown into a well-known digital currency with a solid cultural influence and experimentation with real world payments. As Musk has further impacted the feelings of DOGE and the wider discussions regarding the use of crypto as an element of regular financial systems, the level of interest in Dogecoin mining has been constantly rising.
Dogecoin Mining: The Meme Culture into Infrastructure
Dogecoin uses a Proof-of-Work (PoW) system and uses Litecoin as a merge-mined coin, which enables miners to mine both systems at the same time. It is this structure that has helped Dogecoin to stabilize its network over the long-term and maintain low transaction costs and high speed block times.
Nevertheless, the traditional mining involves a lot of hardware deployment and technical expertise, which many users have been unable to meet, thereby making it inaccessible to many users. Another alternative has formed cloud mining models where users can participate in the mining activity without having the physical equipment and control themselves.
Poain Mining Proposes Formatted Dogecoin Mining Contracts
Poain Mining, in turn, has made Dogecoin one of the components of its cloud mining offer in response to the increasing demand. The site proposes non-renewable mining agreements that aim at offering clear predictions and predictable returns throughout set durations of time.
As indicated in Poain Mining, the following are some of the present contract structures:
· A $100 mining contract running for 2 days, returning $106
· A $600 contract over 6 days, returning $648.60
· A $1,300 contract over 12 days, returning $1,518.40
· A $3,300 contract over 16 days, returning $4,065.60
· A $5,700 contract over 20 days, returning $7,410
· A $9,700 contract over 27 days, returning $13,890.40
These contracts are designed in such a way that they provide to the users a better visibility to the earnings that they have compared to the traditional mining models where the returns vary according to the network difficulty and the market conditions.
Participation on a Daily basis
Poain Mining has also implemented a daily Lucky Egg check-in next to the mining contracts, which enables registered users to fulfill one free daily check-in. In every Lucky Egg, there is a random reward, which can be cash credits, consumer electronics or any other prize. According to the platform, the highest possible reward is $1,000,000, which presupposes daily interaction as opposed to a one-time communication.
Reducing barriers to entry of new users
Poain Mining is providing new users with a registration bonus of $15, as an incentive to make them join. This incentive is supposed to enable first-time miners to test the Dogecoin mining contracts with less initial commitment.
Background of the Industry: The Rationality of Dogecoin mining at the moment.
As more regulations become clearer in various markets and people are re-engaging with the issue, due to high-profile influencers, the role of Dogecoin in the digital asset ecosystem is being re-viewed. According to analysts, although Bitcoin and Ethereum remain the dominant institutional products, other instruments like DOGE still capture high retail demand to enjoy institutional involvement and especially when they are combined with tapped earning models.
The Dogecoin mining project of Poain Mining is indicative of a broader industry trend where the organized aspect of crypto-involvement is being made, integrating both community based assetization and contract based revenue strategies.
About Poain Mining
Poain Mining is a cloud mining company that provides cryptocurrency mining contracts of various digital currencies. The site aims at the accessibility, clear terms of the contract, and user-friendly engagement activities aimed at making it easy to participate in blockchain mining.
Name of the company: Poain BlockEnergy Inc.
Website: https://poain.com/
Email: marketing1@poain.com