How to Mine Pepecoin ($PEP): All You Need to Know in 2024

Pepecoin (PEP) is a mineable memecoin that has caught the attention of crypto investors after increasing over 3,000% in value since its debut in January 2024.

Unlike the many Pepe the Frog-themed memecoins, Pepecoin exists on a standalone proof-of-work (PoW) blockchain. It shares similarities with Dogecoin (DOGE) and Litecoin (LTС).

In this guide, we explain how to mine Pepecoin using your computer and your phone.

⚠️ Note that Pepecoin mentioned in this guide should not be mistaken for the numerous other Pepe the Frog-themed tokens – like Pepe Coin (PEPE). PEP is one of the many memecoins named after the Pepe the Frog comic character created by American cartoonist Matt Furie. Although none of them have an official association with the character or its creator.

Key Takeaways

Pepecoin (PEP) is a fork of Dogecoin and is a mineable cryptocurrency.
The most popular Pepe the Frog-themed crypto called Pepe, which has the ticker symbol ‘PEPE,’ cannot be mined.
PEP uses the Scrypt hashing algorithm for its proof-of-work mining.
You will need it to set up ASIC miners to profitably mine Pepecoin.
Users can mine other Scrypt-based cryptocurrencies like Dogecoin and Litecoin while mining Pepecoin.
Pepecoin undergoes halving every 100,000 blocks.

Table of Contents Table of Contents

Key Takeaways
What is Pepecoin ($PEP)?
What Do You Need to Mine Pepecoin?
How to Mine Pepecoin
10 Tips for Successful Pepecoin Mining
Pepecoin Tokenomics & Important Market Information
The Bottom Line
FAQs
References

Table of Contents

Key Takeaways
What is Pepecoin ($PEP)?
What Do You Need to Mine Pepecoin?

Show Full Guide

How to Mine Pepecoin
10 Tips for Successful Pepecoin Mining
Pepecoin Tokenomics & Important Market Information
The Bottom Line
FAQs
References

What is Pepecoin ($PEP)?

Pepecoin is a PoW cryptocurrency themed after an Internet meme called Pepe the Frog. It is a fork of Dogecoin.

What makes Pepecoin different from other lookalike tokens is that it has its own PoW blockchain. In contrast, most other Pepe the Frog-themed memecoins exist on Ethereum (ETH), Solana (SOL), or other blockchain networks.

Pepecoin was created by two brothers, Zordiak and Karzo, who are Dogecoin enthusiasts. The memecoin launched on January 30, 2024.

Difference Between the Minable Pepecoin and Others

The plethora of Pepe the Frog-themed cryptocurrencies made it difficult for crypto enthusiasts to identify the exact token they are looking for. The main difference between Pepecoin (PEP) and other Pepe the Frog-themed cryptos is that the former has its own standalone PoW blockchain.

In contrast, the most popular Pepe the Frog-themed crypto called Pepe, which has the ticker symbol ‘PEPE,’ is a token that exists on the Ethereum blockchain.

Here is a table to help you understand the difference between Pepecoin ($PEP) and Pepe ($PEPE):

Features (as of November 2024)	Pepecoin (PEP)	Pepe (PEPE)
Ticker symbol	PEP	PEPE
Blockchain	Standalone PoW blockchain	Ethereum
Market cap	$22.23 million	$8.36 billion
Crypto rank by market cap	3,394	18
Circulating supply	87.12 billion tokens	420.69 trillion tokens
Max supply	No max supply	420.69 trillion tokens
Mining	Yes	No
Official website	https://pepecoin.org	https://www.pepe.vip
Launch date	January 2024	April 2023

What Do You Need to Mine Pepecoin?

Before proceeding further, we need to learn about the technical details of Pepecoin mining:

Pepecoin uses the Scrypt hashing algorithm for its proof-of-work mining; this algorithm is also used by Dogecoin and Litecoin
As a fork of Dogecoin, Pepecoin has similar properties to the Dogecoin chain
It targets to produce one block per minute and adjusts difficulty after every block
Pepecoin undergoes halving every 100,000 blocks

In order to mine Pepecoin profitably, you will need the following:

A Windows, Linux, or MacOS laptop/computer

Your laptop or computer will act as the monitoring tool for your mining operation. You will need it to set up application-specific integrated circuit (ASIC) miners and configure them to a mining pool.

You can also try mining Pepecoin using your graphics processing unit (GPU) – powered computer. However, the low hash rate produced by GPUs compared to ASIC chips may lead to low or no profits.

ASIC miner for Scrypt-based cryptocurrencies

In order to mine PoW cryptocurrencies profitably, miners usually deploy one or more ASIC-powered mining rigs to stay competitive. When it comes to mining Pepecoin, you will have to procure an ASIC miner that can carry out Scrypt-based computations.

Note that ASIC mining rigs are expensive. For example, the cheapest Scrypt-based miner on Bitmain’s website costs $6,335, while the most expensive one costs $11,200 at the time of writing.

One advantage of having a Scrypt-based ASIC miner is that it allows you to mine other supported cryptocurrencies like Dogecoin and Litecoin.

Power supplies

ASIC miners consume a lot of electricity and need to be powered for long periods of time. You will need power cables that can consistently and safely power your ASIC mining rig throughout the day.

Mining pool account

A mining pool refers to a group of miners who combine their computational power to mine cryptocurrencies. Mining pools distribute rewards among participants based on their contributions. The use of mining pools allows miners to increase their reward consistency.

Cheap electricity

Cheaper electricity rates will benefit any PoW mining operation.

High electricity prices can lead to unprofitable cryptocurrency mining operations.

Pepecoin wallet

Lastly, you will need a Pepecoin wallet where you will receive your mining rewards. Pepecoin’s official website recommends the Pepecoin Core wallet and the Komodo Wallet.

How to Mine Pepecoin

Now let’s learn how to mine Pepecoin using your computer and your smartphone.

How to Mine Pepecoin on PC Using a Scrypt Miner

Follow these steps to start mining Pepecoin via your computer or laptop using a Scrypt miner.

Power up your Scrypt ASIC miner.
Connect your ASIC miner to your router using an Ethernet cable.
Your computer should be connected to the Internet network as your ASIC mining rig.
Enter the IP address of your ASIC mining rig in your browser’s address bar.
Next, you will have to log in using the default username and password found in your ASIC’s manufacturer model.
Select a mining pool you want to be a part of.
Using your ASIC miner’s control panel, configure your mining rig to the mining pool of your choice.
Enter your wallet address where you will receive your mining rewards.
Check the status of your mining operation. Once operational, the poll will send Pepecoins to your wallet address.

How to Mine Pepecoin on the Phone

Mining PoW cryptocurrencies on smartphones is difficult, yet not impossible.

Since smartphones do not have the capacity to produce adequate computational power to mine PoW cryptos competitively, you will have to depend on cloud mining operations.

Cloud mining refers to the mining of cryptocurrencies by renting computational power from data centers and decentralized compute marketplaces. This type of mining operation eliminates the need to invest and maintain mining hardware.

Most cloud mining platforms offer users a one-stop shop to rent the computational power of their choice (GPU or ASIC) and deploy it to mine the crypto of their choice under one platform.

If you are planning to use your smartphone as a Pepecoin miner, note that your smartphone will act as the control panel and monitoring tool.

10 Tips for Successful Pepecoin Mining

Here are the top tips to mine Pepecoin profitably:

Scrypt-based PoW cryptocurrency networks allow merged mining, which means that users can mine other Scrypt-based cryptocurrencies like Dogecoin and Litecoin while mining Pepecoin.
Choosing the right mining pool is important. Large mining pools offer consistent rewards however the payout may be small as the reward is divided among more people.
Choosing a smaller mining pool can be beneficial as it offers a higher payout but at less frequent intervals.
Check the pool fee of the mining pool before participating.
Use renewable energy to power your operational expenses.
Choosing to live in a region with cooler temperatures can be an advantage, as ASIC miners need to be stored in cool and ventilated areas.
Migration to an area with cheaper electricity prices can boost your crypto mining profits.
Since Pepecoin mining is related to Dogecoin and Litecoin mining, beware of the developments in these communities.
Joining Pepecoin’s community forums on X, Discord, and Reddit to keep up with its mining community.
Prepare in advance for halving events. Halving events can be difficult for cryptocurrency miners as block rewards are cut in half, resulting in lower payouts.

Pepecoin is the world's first fully decentralized and secure blockchain for Pepe.

Litecoin, Dogecoin, and Pepecoin are triple minable!

Learn more at https://t.co/yBATAKRVUG

— Pepecoin (PEP) (@PepecoinNetwork) November 13, 2024

Pepecoin Tokenomics & Important Market Information

Here are important facts that Pepecoin miners should keep in mind:

Pepecoin’s ticker is PEP. As of November 20, 2024, it was the 3274th largest crypto in the world, with a market capitalization of $23.54 million.
At the time of writing, PEP’s circulating supply was about 87 billion tokens.
Pepecoin undergoes halving every 100,000 blocks.
294,768 blocks of Pepecoin have been produced as of November 20, 2024
250,000 Pepecoins per block are distributed to miners as of November 20, 2024, according to Pepecoin’s official website.
The next Pepecoin halving will take place after the 299,999th block.
After the 600,000th block, Pepecoin’s mining rewards will be fixed at 10,000 tokens per block.
Since Pepecoin exists as a standalone blockchain, it is not compatible with decentralized exchanges on Ethereum, Solana, and BNB Chain, such as Uniswap, Raydium, and PancakeSwap.
All wallet addresses of Pepecoin start with the letter.
Pepecoin does not support smart contracts.

The Bottom Line

Pepecoin is a unique memecoin that stands out from the competition after conducting a fair launch through PoW mining. Furthermore, the ability to mine Pepecoin alongside Litecoin and Dogecoin makes it an attractive prospect for crypto miners.