隨著加密貨幣市場在2025年繼續恢復，出現了令人驚訝的趨勢

隨著加密貨幣市場在2025年繼續恢復，出現了令人驚訝的趨勢

In the vast and ever-evolving crypto landscape, 2025 has seen an interesting tale unfold, especially in the realm of mining. While Bitcoin (BTC) has traditionally held the throne, a surprising shift in fortunes has occurred, leading industry figures to declare Dogecoin (DOGE) the ‘bigger cash cow.’

在廣闊而不斷發展的加密景觀中，2025年看到了一個有趣的故事，尤其是在採礦領域。儘管比特幣（BTC）傳統上一直擔任王位，但命運發生了令人驚訝的轉變，導致行業人物宣布Dogecoin（Doge）為“更大的搖錢樹”。

As crypto continues to recover in 2025, a surprising trend has emerged that’s turning heads across the industry: Dogecoin mining is gaining serious traction—and it’s not just a meme anymore. While Bitcoin has long dominated the mining landscape, rendering the activity nearly impossible for newcomers, a new setup is making the meme coin a more appealing target.

隨著加密貨幣在2025年繼續恢復，出現了令人驚訝的趨勢，該趨勢正在整個行業中轉向：Dogecoin採礦正在引起嚴重的吸引力 - 不僅僅是模因。儘管比特幣長期以來一直佔據了採礦景觀的主導地位，這使新移民幾乎不可能進行這項活動，但新的設置使模因硬幣成為更具吸引力的目標。

Now, industry figures are calling DOGE a “bigger cash cow” as it’s being mined in droves by mid-size mining firms and solo miners who want to diversify their earnings without needing to reinvest in expensive, Bitcoin-specific hardware. But how is this possible? Can the meme coin that started as a joke really outshine the king of crypto in the mining arena? Let’s break it down.

現在，行業人士稱Doge稱為“更大的搖錢樹”，因為中型採礦公司和獨奏礦工會以小傢伙開採，他們希望在不需要再投資昂貴的，比特幣特定的硬件。但是這怎麼可能？開玩笑起初的模因硬幣能否真的超過了採礦場中加密貨幣之王？讓我們分解。

Dogecoin mining isn’t what it used to be. In the early days, DOGE was mined primarily by hobbyists or fans of the meme culture, who set up small rigs in their garages to mine the coin in addition to Litecoin (LTC). But now, things have changed. The rise of merged mining—where Dogecoin and Litecoin can be mined simultaneously using the same hardware—has significantly boosted its appeal. Miners no longer have to choose between one or the other. This setup allows them to earn around $5.83 per day in DOGE on top of LTC rewards, effectively doubling their revenue potential without extra electricity or hardware costs.

Dogecoin採礦不是過去的樣子。在早期，Doge主要由Meme Culture的業餘愛好者或粉絲開採，他們在車庫裡建立了小鑽機，除了Litecoin（LTC）外，還開采了硬幣。但是現在情況已經改變。合併採礦的興起 - 可以同時使用相同的硬件同時開採Dogecoin和Litecoin，這顯著提高了其吸引力。礦工不再需要在一個或另一個之間進行選擇。這種設置使他們可以在LTC獎勵之上的Doge每天賺取約5.83美元，從而有效地將其收入潛力增加一倍，而無需額外的電力或硬件成本。

This stands in contrast to Bitcoin, which, despite having higher raw returns per machine at $9.41 per day, is becoming increasingly difficult for newcomers to enter. The network’s hashrate is at an all-time high, and the mining difficulty continues to climb, making it less profitable for smaller operators unless they have access to ultra-cheap electricity and high-end ASICs.

這與比特幣形成鮮明對比的是，儘管每台機器的原始回報率較高，但每天的原始回報率較高，但新移民的進入越來越困難。該網絡的哈希拉特島一直處於歷史最高的高度，並且採礦難度繼續攀升，除非較小的運營商獲得超便宜的電力和高端ASIC，否則其盈利較低。

This is where Dogecoin comes in. It offers a more accessible and stable income stream, especially for mid-size mining firms and solo miners who are already set up to mine Litecoin. According to recent reports by JSBIT technology, a hardware manufacturer, even Nasdaq-listed companies are exploring Dogecoin mining opportunities. For instance, VivoPower (NYSE:VVPR) confirmed through its subsidiary, Caret Digital, that it has begun mining both Dogecoin and Litecoin. Additionally, BIT Mining (NYSE:BTCM) stated that Dogecoin is currently more profitable for them than Bitcoin.

這是Dogecoin進來的地方。它提供了更容易獲得和穩定的收入來源，尤其是對於已經設置為Litecoin的中型採礦公司和獨奏礦工。根據硬件製造商JSBIT Technology的最新報導，甚至納斯達克上市的公司也在探索Dogecoin採礦機會。例如，Vivopower（NYSE：VVPR）通過其子公司Caret Digital確認，它已經開始開採Dogecoin和Litecoin。此外，Bit Mining（NYSE：BTCM）表示，Dogecoin目前比比特幣更有利可圖。

But it’s not just the big names. Smaller businesses are also getting in on the action and getting creative. As Martinez from JSBIT pointed out, one coffee shop chain is now mining Dogecoin at six different locations to not only earn revenue but also reuse the heat generated by the machines to heat their shops during the winter months.

但這不僅是大牌。較小的企業也在採取行動並發揮創造力。正如來自JSBIT的Martinez指出的那樣，一家咖啡店連鎖店現在正在六個不同的地點開採Dogecoin，不僅可以賺取收入，而且還重新利用機器在冬季加熱商店的熱量。

This kind of practical utility, combined with economic returns, makes Dogecoin mining particularly compelling in a post-pandemic, energy-conscious world. But how does tokenomics factor into the whole DOGE vs BTC debate?

這種實用的效用，再加上經濟回報，使多黴素的開採尤其引人入勝，在大流行，能源意識的世界中。但是，Tokenomics如何將整個DOGE與BTC辯論的影響呢？

Dogecoin and Bitcoin have very different economic models, and this impacts mining incentives. Bitcoin has a capped supply of 21 million coins, reinforcing its “digital gold” narrative. It’s a deflationary asset, and as we approach the next halving cycle, the mining rewards will only get smaller—further tightening the squeeze on profitability for smaller miners.

Dogecoin和Bitcoin具有非常不同的經濟模型，這會影響採礦激勵措施。比特幣的供應量為2100萬個硬幣，從而加強了其“數字黃金”的敘述。這是一種通信資產，當我們接近下一個減半週期時，採礦獎勵只會變小 - further擰緊了小型礦工的盈利能力。

Dogecoin, in contrast, has an uncapped supply with 10,000 coins minted every minute. This inflationary model was once considered a drawback, but Elon Musk, a big supporter of the meme coin, highlighted that it actually makes Dogecoin more suitable as a currency. In other words, DOGE is spendable, usable, and always flowing. This gives miners a steady demand market and a liquidity edge, especially in times when Bitcoin holders are more inclined to save than spend.

相比之下，Dogecoin的供應不蓋，每分鐘有10,000個硬幣。這種通貨膨脹模型曾經被認為是一個缺點，但是模因硬幣的主要支持者埃隆·馬斯克（Elon Musk）強調，它實際上使狗狗幣更適合作為一種貨幣。換句話說，Doge是可以用來的，可用的，而且總是流動。這為礦工提供了穩定的需求市場和流動性優勢，尤其是在比特幣持有人更傾向於節省的時間而不是支出時。

Ultimately, while Bitcoin might be the king of crypto, Dogecoin appears to be winning the hearts and minds of mid-size miners who are seeking a lower barrier to entry, faster return on investment, and less pressure on energy consumption. Only time will tell if this trend continues and how it shapes the future of cryptocurrency mining.

最終，儘管比特幣可能是加密貨幣之王，但Dogecoin似乎正在贏得中型礦工的心靈，他們正在尋求較低的入境障礙，更快的投資回報率以及更少的能源消耗壓力。只有時間才能證明這種趨勢是否繼續以及它如何塑造加密貨幣開采的未來。