Dogecoin and Litecoin are secured by the same machines, and Dogecoin pays by far the larger part of the bill. Over the past 24 hours the Dogecoin network issued 13.53 million new units, worth around $1.16 million as of Saturday evening. Litecoin produced 3,593.75 new LTC over the same period, or roughly $230,467. Of the joint pot that pays the scrypt miners, 83.5 percent therefore comes from Dogecoin and 16.5 percent from Litecoin.
That figure appears on no price chart, and it says more about the state of the network than any daily move. It can be recalculated in two minutes, and that is exactly what this article shows.
Merged mining: the same scrypt work counts on two chains at once
Merged mining means this: one machine solves a single cryptographic puzzle, and two separate blockchains both accept the result as valid work. The technical basis is AuxPoW, short for auxiliary proof of work. Dogecoin activated AuxPoW in September 2014 because its own computing power was too small at the time to defend the network against attack.
This works because both chains use the same method, scrypt. A ...
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