Dogecoin: 13.82 Million New DOGE in a Day and a 0.05 Percent Fee Share: How the Network Pays Its Miners

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The Dogecoin network paid out 13.82 million new DOGE in the 24 hours to Sunday midday and took in about $581 in user fees. That puts 0.05 percent of miner revenue on the users and 99.95 percent on an issuance that Dogecoin never halves.The Dogecoin network paid its miners 13.82 million new DOGE in the 24 hours to Sunday midday, worth about $1.10 million at the Sunday midday price. Users of the blockchain sent roughly $581 in transaction fees over the same period. That puts the fee share of miner revenue at 0.05 percent, with the remaining 99.95 percent coming out of freshly issued coins. Anyone holding Dogecoin pays for the security of the blockchain through that issuance rather than at the moment of a transfer, and the issuance thins their own share of the supply by a good three percent every year. Network data from the service Blockchair shows 1,382 blocks found in that period, 58 short of the 1,440 that a one-minute target block time implies. The most recent block carried hei...