The problem with the extracted dye: Is it really 19%?
As the world’s second largest cryptocurrency in market capitalization, Ethereum has attracted considerable attention lately. One of the most captivating aspects of Ethereum is his potential to extract Dogecoins, a precursor to Bitcoin. Recently, a pointed website claims that nearly 19% of all dogs have been obtained, provoking a debate among enthusiasts and experts.
Calculation of obtained dogs: Methodological approach
To determine if this claim is accurate, let’s look at the mathematical calculations involved in the extraction of Ethereum doctors. According to various sources, including technical forums and online communities, the total delivery of Dogecoins is approximately 102 billion units.
Ethereum’s Ethereum Ethereum Awards dictates that each new block contains a certain number of doghekoines, which increases by 1 million per block. The current rate of remuneration of the Ethereum block is 10,000 dogenaine (ETH) and takes about 10-12 minutes to dig one block. If we accept an average mine rate of 11 250 ETH per block (rough estimate based on data provided), this means approximately 1.05 billion blocks extracted per day.
Calculation of the harvested dyes: Calculation
Using these numbers, let’s calculate the total number of doctors that have been obtained:
102 000 000 (total supply) / 10,000 (block prize) = 10,200,000 blocks
10,200,000 blocks x 1,050 000 ETH per block ≈ 10 500 billion
Conclusion
The claim for 19% obtained Dogecoins seems to be inaccurate. Although it is true that a significant number of Dogekoines has been obtained lately, the actual part is significantly smaller than originally indicated.
To put this in perspective, if we accept an average yield of 11 250 ETH per block and a total supply of 102 billion units, by December 2023, approximately 1.05 billion blocks will be extracted.
Keep in mind that this method of calculation relies on various assumptions and may not take into account factors such as the effectiveness of pool production or adjustments to potential block prizes over time. Nevertheless, it provides an interesting view of the pure scale of the extraction of Dogecoins.
As the Ethereum network continues to grow, it is essential to be informed of the progress and challenges that developers, miners and enthusiasts face. As we acknowledge the complexity involved in cryptocurrency production, we can better navigate the intricacies of this huge digital landscape.