Dogecoin Paid Miners 13.82M New DOGE in a Day as Fees Covered Just 0.05%
- —1,382 blocks were found versus the 1,440 implied by a one-minute block time
- —22,766 transactions at an average fee of $0.0255 generated just $581
- —The fixed 10,000 DOGE block reward creates about 5.26 billion coins a year
- —Bitcoin's fee share of 0.489% is roughly nine times Dogecoin's
Why it matters: Dogecoin's security relies on permanent issuance rather than fees, so holders see their share of supply diluted by about 3.3% a year.
Source: CryptoTicker