Dogecoin Pays 83.5% of the Mining Budget It Shares With Litecoin
- —Dogecoin issued 13.53 million DOGE worth $1.16 million in 24 hours at $0.086
- —Litecoin produced 3,593.75 LTC worth $230,467 at $64.13
- —Dogecoin's share of the joint mining budget is 83.5%, Litecoin's 16.5%
- —Fees cover only 0.054% of DOGE issuance versus $1.16 million in rewards
Why it matters: Dogecoin's security budget is entirely price-dependent: a drop in price cuts miner rewards proportionally, with no fee market to cushion the fall.
Source: CryptoTicker