47 lines
1.7 KiB
Markdown
47 lines
1.7 KiB
Markdown
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## Very Much Frequently Asked Questions ❓
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### How much doge can exist? – So many puppies! 🐕
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Early 2015 (approximately a year and a half after release) there were
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approximately 100,000,000,000 coins.
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Each subsequent block will grant 10,000 coins to encourage miners to continue to
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secure the network and make up for lost wallets on hard drives/phones/lost
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encryption passwords/etc.
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### Such mining information ⛏
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Dogecoin uses a simplified variant of the scrypt key derivation function as its
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proof of work with a target time of one minute per block and difficulty
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readjustment after every block. The block rewards are fixed and halve every
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100,000 blocks. Starting with the 600,000th block, a permanent reward of
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10,000 Dogecoin per block will be issued.
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Originally, a different payout scheme was envisioned with block rewards being
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determined by taking the maximum reward as per the block schedule and applying
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the result of a Mersenne Twister pseudo-random number generator to arrive at a
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number between 0 and the maximum reward.
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This was changed starting with block 145,000, to prevent large pools from gaming
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the system and mining only high reward blocks. At the same time, the difficulty
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retargeting was also changed from four hours to once per block (every minute),
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implementing an algorithm courtesy of the DigiByte Coin development team, to
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lessen the impact of sudden increases and decreases of network hashing rate.
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**The current block reward schedule:**
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1–99,999: 0–1,000,000 Dogecoin
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100,000–144,999: 0–500,000 Dogecoin
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145,000–199,999: 250,000 Dogecoin
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200,000–299,999: 125,000 Dogecoin
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300,000–399,999: 62,500 Dogecoin
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400,000–499,999: 31,250 Dogecoin
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500,000–599,999: 15,625 Dogecoin
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600,000+: 10,000 Dogecoin
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