3 ms·
That's the value of the Dogecoins being mined every day: Blocks per day: 60 * 24 = 1440 (https://bitcointalk.org/index.php?topic=361813.0 https://bitcointalk.o
by tlrobinson 13y ago
That's the value of the Dogecoins being mined every day:
Blocks per day: 60 * 24 = 1440 (https://bitcointalk.org/index.php?topic=361813.0 https://bitcointalk.org/index.php?topic=361813.0)
Current block reward: ~500,000 doge (https://bitcointalk.org/index.php?topic=361813.0 https://bitcointalk.org/index.php?topic=361813.0)
Total block rewards per day: 1440 * 500,000 = 720,000,000 doge
Current exchange rate: 1 doge = US$0.0017 (http://dogecoin.com/ http://dogecoin.com/)
Total block rewards in USD per day: 720,000,000 * 0.0017 = $1,224,000
- hueving 13y agoThat would make sense if every miner immediately sold every coin he/she mined.
- deleted 13y ago[deleted]
- tlrobinson 13y agoMiners have to pay for electricity and hardware. I doubt they're doing that with Dogecoins.
- ycui1986 13y agoDoge had been the most profitable altcoin to mine several times in the past couple months.
- sireat 13y agoYou will be hard pressed to find any serious miner who is keeping mined Doge instead of converting them to BTC or fiat. Serious mining farms pay for their electricity, thus they will not have amortized their GPUs solely from Doge. Sure, if you are a gamer with "pre-paid" graphics card AND "free" electricity, you may elect to keep your mined Doge.