Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Meme Coins => Dogecoin Forum => Topic started by: MUGNIA on April 29, 2021, 09:27:22 AM
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Daily miner revenue has risen above $3 million this week.
The dogecoin (DOGE) army is not the only one making a killing this year. Miners responsible for generating the Shiba Inu-themed cryptocurrency may also be laughing their way to the bank.
- The daily revenue of dogecoin miners rose to a record high of $3.6 million on April 26, marking a 4,575% rise from the New Year's day tally of $77,000, blockchain data provided by ByteTree shows.
- Revenue estimates assume miners, who operate predominantly on cash, sell their coins immediately.
- Miners receive newly created coins and transaction processing fees as a reward for mining blocks and processing transactions on the distributed ledger.
(https://static.coindesk.com/wp-content/uploads/2021/04/dogecoin-miner.png?format=webp)
more : https://www.coindesk.com/dogecoin-miners-revenue-up-4500-this-year
of these events will it be any concern for the ongoing price rally is a bubble that can burst easily as 98 wallets hold nearly 65% of all coins!
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The question is relevant about the increase in users of mining miners ... Let's go to the miners club, check the changes and solve the issue of buying a pc of the minimum mining requirement and connecting to the mining pool ...
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of these events will it be any concern for the ongoing price rally is a bubble that can burst easily as 98 wallets hold nearly 65% of all coins!
It's not that easy if DOGE coins explode quickly because the principle of this DOGE coin is that the more the price increases, it means that more and more people buy DOGE coins.
Even though there are 98 DOGE wallets that have DOGE (hodL) of almost 65%, I believe DOGE will not be easy to dump because there are so many famous people, artists or entrepreneurs who buy DOGE in large numbers in various markets.
One more thing, DOGE miners don't want their mining products to be sold cheaply and it is certain that those who have the most DOGE coin supplies will sell them at high prices unless they may have urgent needs. This logic is exactly the same as trading, buying low and selling high.
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This is a commensurate reward for the DOGE coin miner and it will really make DOGE continue to be favored by the miners. Including I am also very happy to see this article.
4500% on the mining reward reward is really very good and I believe this is something that is very worth working on over and over again.
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Doge rewards also equal cost of sending doge from 1 doge @ 50 satoshi to 1 doge at 600 satoshi which is a 10 x increase in the cost of making a transaction so its a double adged sword in a way but for now few people notice it and keep dogging on