Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.5 Released!
by
SnakeEater
on 29/01/2014, 18:06:52 UTC
Hi this is my first post and I want to share with you some interesting findings as I was browsing the DOGE explorer.

http://bitinfocharts.com/dogecoin/address/DLf7gEHNnvpEex3fCz8oipXPDQnmdFTPmH

First I think this is solo mining earnings and with this earnings it seems it intelligently avoid the capture of actual network hashrate.  At the current 60GH/s, this single address is having at least 4 Billion in 6 days and potential is more than 120m DOGE daily.  To earn this 120m daily from about 720 million DOGE daily is 16% of network hashrate.

The peak increase to 90GH/s which is about 15GH/s or it could be scrypt ASIC in stealth operation.

http://bitinfocharts.com/dogecoin/tx/5d69bb58dccc29562299a9c941149e8b37e81c4b929bc8c882923c23fc14f16a

Further discovery found that 60% of a single block income goes to this solo miner.  Each mining block reward is 500,000 but this single solo miners manages to get 70% of 357,345.94655711.

This makes all miners real returns from published mining rate of 30% only.  This means when you should mine and get 10,000 DOGE a day you will get only 3,000 and 70% goes to stealth ASIC miners.  This means there are ASIC scrypt secret mining farm with 70% hidden hashrate not detected by the network?

I do not think there is any DOGE pool with network 70% mining hashrate.

Other interesting findings in 2 hours single address can accumulate 400 million become 6th richest

http://bitinfocharts.com/dogecoin/address/DBpNLLEj13LWr14wm1YH24nuqAjodrjaLL

Tracing for 20 minutes the source is from 27 Jan Buy
http://bitinfocharts.com/dogecoin/tx/b1e9c22d7a9107019b18a020765e9cb57fb1d1314926c863ee7b154071638e00

And this finally linked back to the movement of the so called WOLONG address 12th richest

http://bitinfocharts.com/dogecoin/address/DHsqeNgKH5f6Jnch8b9w45ddRBHpGXSBuj

So now the top 100 richest having 40% of current DOGECOIN which is 120 Billion DOGECOIN instead of the insignificant 1.4 Billion.

Above calculations are my guess as most network hashrate are estimate and not realtime.