The Dogecoin network paid its miners 13.82 million new DOGE in the 24 hours to Sunday midday, worth about $1.10 million at the Sunday midday price. Users of the blockchain sent roughly $581 in transaction fees over the same period. That puts the fee share of miner revenue at 0.05 percent, with the remaining 99.95 percent coming out of freshly issued coins. Anyone holding Dogecoin pays for the security of the blockchain through that issuance rather than at the moment of a transfer, and the issuance thins their own share of the supply by a good three percent every year.
Network data from the service Blockchair shows 1,382 blocks found in that period, 58 short of the 1,440 that a one-minute target block time implies. The most recent block carried height 6,420,206. DOGE traded at $0.079357, or €0.070631, at Sunday midday, after about $0.0804 on Saturday. Over a week it is down 6.96 percent, over a year 57.71 percent.
Block Reward and Transaction Fees: What Makes Up Miner Revenue
Miners in a proof-of-work network earn from two pots. The first pot is the block reward: a set amount of new coins that the protocol creates with every block found and credits to whoever found it. The second pot is the transaction fees that users attach to their transfers so a miner includes them in the next block. Both pots together are the security budget of a blockchain. That budget decides how much computing power is worth deploying and how expensive an attack on the ordering of blocks would be.
At Dogecoin the balance between the two is extreme. 1,382 blocks times 10,000 DOGE gives the 13.82 million new coins of the day. Against that stand 22,766 transactions at an average fee of $0.0255, the $581 mentioned above. Annualised, that is roughly $212,000 from fees against roughly $417 million from issuance.
10,000 DOGE per Block: Dogecoin Has No Halving
The decisive difference from Bitcoin lies in how long the reward lasts, not in its size. Bitcoin halves its block reward roughly every four years until it runs towards zero. Dogecoin dropped that mechanism in 2014 and wrote the reward into the protocol at 10,000 DOGE per block, permanently and with no end date. The project describes this issuance on its own project page as a deliberate choice for a means of payment that replaces lost coins and keeps fees low.
On the arithmetic, the fixed reward means 1,440 blocks a day and therefore 5.256 billion new DOGE a year. Against a supply of 156.37 billion DOGE that is 3.36 percent a year. Because the network ran slightly slower over the 24 hours measured, it came out at an annualised 5.04 billion and thus 3.23 percent. The range between 3.23 and 3.36 percent is the pace at which new coins appear, whether the price rises or falls.
Why the Block Count Varies
Dogecoin adjusts its difficulty after every block, where Bitcoin waits two weeks. If computing power drops away, the network takes longer than a minute per block for a short while, until the adjustment takes hold. Difficulty stood at 38,720,114 on Sunday and the hash rate averaged 2.68 petahash per second over the day. That is where the gap of 58 blocks comes from: about 580,000 fewer DOGE were created that day than the nominal figure.
The Fee Share on the Network: 0.05 Percent at Dogecoin, 0.489 Percent at Bitcoin
The comparison with Bitcoin puts the number in context, and it does not flatter Dogecoin. Bitcoin came to 141 blocks in the 24 hours to Sunday midday, 440.625 new BTC worth about $36.17 million, and 678,525 transactions at an average fee of $0.2618. That works out at roughly $177,700 in fees and a fee share of 0.489 percent of miner revenue, about nine times the Dogecoin figure.
Both figures are low, and both networks currently live off their issuance. The difference is the direction of travel. At Bitcoin the reward falls with every halving, so the fee share has to rise or the budget shrinks. At Dogecoin the reward stays where it is, and the fee share can stay small without the network noticing. For investors, that means the low fees at Dogecoin are a consequence of permanent issuance, not a mark of efficiency.
Merged Mining With Litecoin: Where the 2.68 Petahash per Second Come From
A security budget that is 99.95 percent new coins sounds like an acute problem. That it is not comes down to a feature many accounts skip over: Dogecoin has been merge mined with Litecoin since 2014. Both networks use the Scrypt hashing algorithm, and a miner can work on Litecoin blocks and Dogecoin blocks at once with the same effort. Merged mining means the computing power is supplied once and rewarded twice.
In Sunday’s numbers: Litecoin averaged 2.47 petahash per second over the day, Dogecoin 2.68. Litecoin paid out rewards worth about $219,000 on the same day, Dogecoin five times that at $1.10 million. A large part of the security of Dogecoin therefore arises as a by-product of another blockchain, and Dogecoin is by now the larger payer of the two. The fee share at Litecoin itself, 0.213 percent, sits between Bitcoin and Dogecoin.
The Point for Holders
The computing power behind Dogecoin rests on a calculation a miner makes across both networks together. If the price of either coin slumps, the shared work becomes less attractive, and that hits both. There is a second angle alongside the chart: the robustness of the network turns on demand for DOGE and on what Litecoin is worth in the market.
3.36 Percent Dilution a Year: The Share of the Supply Shrinks on Its Own
For a holder the issuance is a figure in their own portfolio, not an abstract protocol number. A holding of 10,000 DOGE comes to $793.81, or €706.31, on Sunday. It accounts for 0.0000064 percent of the supply. If 5.256 billion DOGE are added over a year and the holding itself does not change, that share falls by 3.25 percent. The holding stays the same size; the cake grows.
This calculation says nothing about the price. It says something about the load the price has to carry: for a holding to keep the same value in euros, demand has to grow each year by the amount the new coins represent, so at today’s $417 million a year by a good $1.1 million a day. Bitcoin needs 0.80 percent a year for that, Dogecoin four times as much.
Our assessment: the issuance is the most predictable item in the Dogecoin calculation, and the one mentioned least often in day-to-day coverage. The evidence is the block count of 1,382 on Sunday, the fixed 10,000 DOGE per block and the supply of 156.37 billion, which together give the 3.23 to 3.36 percent. Against it stands the argument that fixed issuance can make good sense for a means of payment, because it keeps fees low and replaces lost coins. None of this is a buy recommendation in either direction; it is the number that belongs in a holding plan running over several years.
The low fee side has a practical flip side for holders, and it can be put in euros. The median fee on a Dogecoin transfer stood at 0.0707 DOGE on Sunday, about half a cent. The mempool, the queue of unconfirmed transfers, held 39 transactions and 10,739 bytes, so there was effectively no backlog that would have called for a higher fee. On-chain volume that day was 11.28 billion DOGE, around $895 million, while exchanges turned over $425 million.
What an exchange charges for a withdrawal has nothing to do with that half cent. The withdrawal fee is a price set by the provider, not a network fee, and at DOGE it is usually several times higher. On small amounts that difference is the bigger cost block, so it pays to look at the fee schedule of your own provider before withdrawing, and to bundle several planned withdrawals into one. Which providers in Germany charge what is set out in the overview of the best crypto exchanges. The network side can be checked at any time, for instance through the fee and block charts at BitInfoCharts.
Holding for a Year: Holding Period, Loss Offsetting and the Tax Threshold
For investors in Germany the dilution leads to a question that tax law answers. DOGE counts as another asset within the meaning of section 23 of the German Income Tax Act. Sell within a year of buying and the gain is taxable as a private disposal, at your personal income tax rate. Once a year has passed the gain is tax free. For 2026 the threshold for all private disposals together is 1,000 euros; once it is exceeded the entire gain is taxable, not only the part above it.
In practical terms, with a 57.71 percent loss over the year: anyone selling DOGE at a loss inside the one-year window can offset that loss against gains from other private disposals in the same year, from other coins or from gold, for instance. Anyone who waits the window out loses that option, because after the deadline a loss counts for tax as little as a gain. The decision on when to sell is therefore also a tax decision, and it assumes that the acquisition dates of the individual holdings are documented.
What Has Changed Since the Last Dogecoin Article
On Friday this slot covered the wind-down of the Dogecoin fund run by Bitwise, which pays its holders out in cash on October 22. That date is now four days away and unchanged. The price has moved: from about $0.0804 at Saturday midday to $0.079357 at Sunday midday, down 1.23 percent. The day’s low was $0.077662 and the high $0.080484. That leaves the record of $0.731578 from May 7, 2021 some 89.15 percent away. New since Friday is the number this article is about: the fund wind-down takes about $707,000 of demand out of the network, while the issuance of new coins puts $1.10 million of new supply in front of it in a single day.
The network also counted 8,483,425 addresses with a balance and 493 reachable nodes on Sunday. Bitcoin came to 216 reachable nodes the same day, at a hash rate of 986.6 exahash per second.
Dogecoin Miner Pay: Users Cover 0.05 Percent, Issuance 99.95
Three concrete steps follow from Sunday’s numbers:
- Work out your own share. Divide your DOGE holding by 156.37 billion, then by 161.63 billion. The difference of 3.25 percent is the share that one year of issuance costs you while you do nothing. That number belongs next to the purchase price, not in its place. Tools that keep the holding and the acquisition date together are set out in the overview of crypto tax software.
- Compare the withdrawal fee of your provider with the half cent the network charges. If it is several times higher, bundle withdrawals instead of taking coins out one at a time. The terms offered by providers available in Germany are set out in the comparison of the best crypto exchanges.
- Fix the acquisition date of every holding before you decide on a sale. Inside the one-year window a loss can be offset and a gain is taxable; after it neither applies. If you hold the coins yourself, the documentation stays your job; the devices for it are in the hardware wallet comparison.
(As of October 18, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)
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