Cloud mining is a hand-off approach to mining Dogecoin which lets you buy into a mining operation. You are not required to own anything, instead of renting the hardware from a big data centre. There are specific cloud mining pools that you can join, all of which offer Scrypt-based mining for a monthly fee. Some of the pools you can join Genesis Mining and NiceHash.
Dogecoin cloud mining is ideal for people who do not want to commit to hardware or management required for the mining process. However, the downside is that almost all the contracts are time-locked. This means that the ROI can go down sharply if you take a 1-year contract from a cloud miner and the price of Doge decreases below the cost of your mining and electricity.
To calculate the profitability of mining a cryptocurrency, one has to consider the costs: the price of equipment, electricity costs, and so on. You can use one of many Dogecoin mining calculators available online for free to find out the potential profit you can get per day.
Your best bet for mining on Mac is signing up for a Litecoin cloud mining service. However, there are a lot of scammers out there, so please beware and carefully research all cloud mining platforms before using them. 2b1af7f3a8