狗狗币占其与莱特币共享的挖矿预算的83.5%：如何查看矿工每日收益

Dogecoin and Litecoin: Security budget analysis under shared computing power

Dogecoin and Litecoin use the same batch of machines to ensure network security, but Dogecoin bears most of the costs. In the past 24 hours, the Dogecoin network has issued 13.53 million new tokens, valued at approximately US$1.16 million as of Saturday night. During the same period, Litecoin produced only 3,593.75 new LTC units worth approximately US$230,467. Of the pool of funds co-paid to Srypt miners, 83.5% came from Dogecoin and 16.5% came from Litecoin. This data does not appear on any price chart, but it reflects the true state of the network better than any daily price fluctuation. This value can be recalculated every two minutes, which is the core of this article.

Merge mining: The same Srypt job serves two chains simultaneously

"Merged Mining" means that one machine solves a single cryptographic problem, and both independent blockchains regard the result as valid work and accept it. Its technical basis is Assisted Proof of Work (AuxPoW). Dogecoin activated AuxPoW in September 2014 because its own computing power was not enough to defend against cyber attacks at the time.

This mechanism is feasible because both chains use the same Srypt algorithm. Equipment mining for Litecoin can submit the work to Dogcoin again without consuming additional electricity. Miners gain double benefits as a result, while electricity bills remain unchanged.

对于狗狗币而言，这产生了一个在公共讨论中几乎从未被提及的特性：该网络并非自产安全，而是租赁安全。谁运行这些机器，谁就决定了这两条链的综合回报，而非单一链条的回报。

为何原始哈希率是一个具有误导性的指标

广泛引用的哈希率波动剧烈，因为它是基于找到的区块数量估算出来的，而非直接测量。周六晚间相隔仅几分钟的两个查询返回的值在每秒2.76到3.98拍哈希之间浮动。因此，可靠的指标不是哈希率，而是实际找到的区块数量，因为这是不可篡改地记录在链上的数据。

24小时内发现1,353个区块：狗狗币每日发行1,353万枚DOGE

自2015年2月以来，狗狗币每个区块的固定奖励为10,000 DOGE，且该奖励永不递减。网络目标是一分钟出一个块，即每天1,440个。在过去24小时内，实际上找到了1,353个区块，平均每64秒一个。总和为1,353乘以10,000，共计13,530,000枚新DOGE。

莱特币的工作方式不同。其奖励每840,000个区块减半一次，目前为6.25 LTC，网络目标为每2.5分钟出一个块。发现的575个区块累计产生3,593.75枚新LTC。

每64秒一个区块：狗狗币每天铸造1,353万枚新单位，无上限，无减半机制。

莱特币230,467美元，狗狗币1,163,634美元

Unit counts are converted to budgets only when prices are applied. On Saturday night, the trading price of Dogcoin was US$0.086 and Litecoin was US$64.13. This leads to the following:

The multiple relationship between the two is 5.05. As a result, about six-fifths of the revenue from machines serving two chains comes from Dogecoin. The data comes from the public block browser Blockchair, which discloses the number of blocks, rewards and supply per chain.

Unlimited trailing emissions: 3.16% of the additional DOGE

The same money that flows into miners is also the new supply that enters the market fresh every day. Calculated in one year, this is equivalent to 4.94 billion DOGE pieces. Compared with the circulating supply of 156.27 billion pieces, this means an annual dilution of 3.16%.

The term for this model is called "Tail Emission", which means permanent payments and no end date. Bitcoin halves every four years and stops at 21 million units. There is no halving or upper limit for dogcoin. Unless they continue to buy, the share of DOGE holders will be mathematically diluted by about 3% every year.

Unlike chains with staking, the Dogecoin agreement does not provide a way to participate in this payment. All 13.53 million units on that day belonged to the miners. Products that nevertheless promise continued benefits to DOGE are actually lending arrangements with the risk of provider default, as must be disclosed in the terms of the pledge and lending platform.

Transaction fees account for only 0.054% of issuance

The network can pay miners in two ways: through newly created units or through user fees. On the Dogecoin network, the second path is almost negligible. The average fee per transaction for the 17,606 transactions in the past 24 hours was 0.41 DOGE, totaling approximately 7,256 DOGE, or approximately US$624. Compared with the US$1.16 million generated by the issuance, this accounted for only 0.054%.

Litecoin's situation is not much better, with transaction fees accounting for 0.21%, although the handling fee is nearly four times. As a result, both chains rely entirely on new funds. For Dogecoin, this dependence has very specific consequences: if prices fall, the security budget will fall in the same proportion, and there is no fee market to cushion the impact.

What has been added since the futures market discovery on October 9

在10月9日，本新闻室曾指出，94%的狗狗币清算发生在多头头寸上。那是期货市场的快照。此后，价格反弹了1.64%至0.086美元，日内范围在0.0848美元至0.0866美元之间。本文中的数字位于这一层之下，且变化缓慢得多：安全预算不跟随个别交易者的杠杆率，而是由区块数量乘以价格得出。

莱特币在区块3,360,000处减半：狗狗币份额升至91%

下一次莱特币减半将把奖励从6.25 LTC削减至3.125 LTC。这将在区块3,360,000处发生。周六晚间，该链处于3,192,901个区块，还剩167,099个区块。按每天575个区块计算，这大约是291天，即2027年7月底左右。

如果两个价格保持现状，莱特币的贡献届时将降至每天约115,000美元，狗狗币在联合预算中的份额将从83.5%攀升至约91%。这种依赖性随后几乎完全单向运行：莱特币从其无法控制的一条链的发行中获取越来越多的安全保障。

OP_CHECKZKP仍为草案：DogeOS通过许可序数器运行

自2026年9月30日以来，一个名为DogeOS的公共测试网一直在运行，旨在为狗狗币带来以太坊风格的应用程序。在项目自己的账户中，狗狗币矿工有一天将被用来帮助保护这些应用程序。根据《CoinDesk》10月1日的报道，这仍然是一个计划，而非既定事实。

This requires a protocol change called OP_CHECKZKP that allows dogcoin nodes to verify cryptographic certificates. The proposal began in July 2025, and the implementation plan submitted was a draft that contained placeholders rather than actual validators, and had no activation date. The test network is currently guaranteed by licensed operators, blocking hardware and supervisory agencies that set the transaction order.

For European investors, this draws a clear line: there is no DogeOS mainnet, and the mainnet has never been dated. Therefore, any offer to bridge real DOGE to the so-called DogeOS main network, or purchase DogeOS tokens in advance, cannot be real. Holding balances in self-custody is the best protection against this type of fraud.

Payments: 17,606 dogcoin transactions vs. 165,516 litecoin transactions

The second chain uses the same computing job, but still carries 9.4 times the transaction volume. This makes a general impression clear. Although Dogecoin has a market value of US$13.44 billion, much higher than Litecoin, it is the smaller of the two chains in terms of daily payments.

For miners, it makes no difference because the costs on both chains are negligible. But for evaluation networks, this is significant: the demand supporting dogcoin is transaction demand, not payment demand. Buying DOGE through a regulated trading venue means acquiring an asset along the chain that is used very little on a daily basis.

Our view: Security for $1.16 million per day rental

In the view of this news room, the payment of dogcoin is too one-sidedly interpreted as pure dilution. Measurements show that this $1.16 million a day does buy something, which is 83.5% of the budget that pays for two-chain security. This is the verifiable part.

However, the structure itself is problematic. Security is rented rather than earned, tenants can leave at any time, and due to the 0.054% fee ratio, if prices fall, there is no second pillar to support them. This status will arithmetically deteriorate further when Litecoin halves next summer. This is an assessment of the chain, not a buying and selling advice: the holder is still facing high-risk assets and there is a possibility of full loss.

Dogecoin mining: 83.5% of the budget comes from issuing

three-step review of what you have read in two minutes:

1. Read the number of blocks yourself. Open a public chunk browser and find the chunk fields from the past 24 hours. Multiply this value by 10,000 to get the daily DOGE circulation. Multiply it by the current price to get the miner's daily budget.
2. Perform the same calculation on Litecoin. The factor there is 6.25 instead of 10,000. The ratio of the two results shows which chain pays for shared computing work.
3. Detach your self-hosting. Since the agreement does not know the yield, any DOGE interest exists at the provider rather than on the chain. If you want to avoid this situation, please keep your own key, and the hardware wallet we provide is for reference.

(As of October 10, 2026. This article does not constitute investment advice. Price and fee structures are subject to change; please check terms with your provider before purchasing.)