However, this addresses some of the initial criticism of Dogecoin where some people commented on the high inflation rate due to the large additional supply of coins per miner block reward. This was a result of the natural halvening reward schedule for Dogecoin, and was entirely expected, but still put pressure on miners. The amount of coins being added to supply decreased – Unlike other coins, there will always be new Dogecoins available for miners to discover, however the number of coins per reward “block” continued decreasing throughout 2014.The net effect of this was that these other miners now got some Dogecoin at times, and the overall mining difficulty (and hashrate) of the Dogecoin network went up dramatically, thereby spreading out the hashrate over a more diverse mining group, and making mining Dogecoin directly more difficult. To solve this problem, the Dogecoin developers added AuxPoW support – referring to the fact that now the “PoW” or proof-of-work done by miners of other coins would be accepted in certain circumstances.
0 Comments
Leave a Reply. |