Beyond Bitcoin: Mining Litecoin and Dogecoin (Scrypt)
While Bitcoin (SHA-256) is king, there is another profitable ecosystem: Scrypt Mining.
This algorithm is used by Litecoin (LTC) and the internet's favorite meme coin, Dogecoin (DOGE).
Merged Mining: The Magic Trick
The best part about Scrypt mining is "Merged Mining."
Because LTC and DOGE use the same algorithm, you don't have to choose. You mine Litecoin, and the work is also valid for the Dogecoin network.
You essentially get paid twice for the same electricity.
The Hardware: Antminer L7
For Bitcoin, you buy an S19 or S21.
For Litecoin/Doge, the king is the Antminer L7.
- Hashrate: 9050 MH/s (Scrypt).
- Profitability: Historically, the L7 has been one of the most profitable machines in existence, sometimes outperforming Bitcoin miners during "Altseasons."
Diversification
Many serious farms run a mix. 80% Bitcoin miners for long-term stability, and 20% Scrypt miners for cash flow and Dogecoin speculation.
Just remember: Gokby Pool is currently focused on Bitcoin, but understanding the wider landscape makes you a smarter miner.
