Dogecoin Carries 83.5 Percent of the Mining Budget It Shares With Litecoin: How to Check What Miners Earn per Day

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 same machines secure Dogecoin and Litecoin, yet 83.5 percent of the shared mining budget comes from Dogecoin. The arithmetic behind it sits openly on the chain and can be recalculated in two minutes. Dogecoin and Litecoin are secured by the same machines, and Dogecoin pays by far the larger part of the bill. Over the past 24 hours the Dogecoin network issued 13.53 million new units, worth around $1.16 million as of Saturday evening. Litecoin produced 3,593.75 new LTC over the same period, or roughly $230,467. Of the joint pot that pays the scrypt miners, 83.5 percent therefore comes from Dogecoin and 16.5 percent from Litecoin. That figure appears on no price chart, and it says more about the state of the network than any daily move. It can be recalculated in two minutes, and that is exactly what this article shows. Merged mining: the same scrypt work counts on two chains at once Merged mining means this: one machine solves a single cryptographic puzzle, and two separate blo...