Miners process transactions and receive fees from users (supply-side fees).

Dogecoin is a distributed ledger for transfer and store of value (a blockchain). Dogecoin was founded by Billy Markus & Jackson Palmer and launched in 2013.

DOGE holders own and govern the protocol. They currently do not take a cut of the total transaction fees paid by users (revenue).

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Dogecoin

# Dogecoin Earnings Methodology

## 1. Overview

Dogecoin earnings represents the protocol's net financial performance, calculated as revenue minus expenses. For Dogecoin, revenue is set to zero as the protocol does not generate direct revenue, while expenses consist entirely of token incentives paid to miners as block rewards. This results in negative earnings equal to the total mining rewards distributed daily, reflecting the cost of network security without offsetting revenue streams.

## 2. Data sources

- **Dogecoin blockchain transaction records**: Complete transaction data including coinbase transactions that contain mining reward distributions
- **End-of-day token price feeds**: DOGE price data used for USD conversion
- **Token metadata**: Dogecoin token information including symbol and decimal precision

## 3. Step-by-step calculation

### Component A: Token incentives extraction
- **Purpose**: Calculates daily mining rewards distributed through coinbase transactions
- **Logic**: Filters Dogecoin transaction records to identify coinbase transactions (mining reward transactions). Extracts all outputs from these coinbase transactions using JSON parsing to access the `value` field from the outputs array. Aggregates all coinbase output values by day to determine total mining rewards distributed. The calculation is split across two time periods for performance optimization: historical data before 2024-01-01 and recent data from 2024-01-01 onwards
- **Key fields**: `block_timestamp` for daily aggregation, `is_coinbase` flag to identify mining transactions, `outputs` array containing reward values, `value` field representing the reward amount in native DOGE

### Component B: USD conversion
- **Purpose**: Converts native DOGE token incentives to USD values
- **Logic**: Joins the daily token incentive amounts with end-of-day DOGE price feeds to convert native token amounts to USD equivalents. Uses the token metadata to handle any decimal precision requirements
- **Key fields**: `token_incentives` in native DOGE units, converted to USD using price feeds

### Component C: Revenue calculation  
- **Purpose**: Determines protocol revenue (set to zero for Dogecoin)
- **Logic**: Sets revenue to zero as Dogecoin does not generate protocol fees or other revenue streams. Creates the revenue component with consistent schema and timestamps matching the expenses component
- **Key fields**: `revenue` hardcoded to 0 for all time periods

### Component D: Expenses calculation
- **Purpose**: Uses token incentives as the protocol's operating expenses
- **Logic**: Takes the USD-converted token incentives and treats them as expenses in the earnings framework. This represents the cost of network security through mining rewards
- **Key fields**: `expenses` equal to the token incentives amount in USD

### Final aggregation
- **Combining components**: Earnings calculated as revenue minus expenses, which for Dogecoin equals 0 minus token incentives, resulting in negative earnings
- **Currency conversion**: All amounts converted to USD using end-of-day DOGE price feeds
- **Time aggregation**: Daily aggregation with consistent timestamp boundaries across all components
- **Final calculation**: Earnings = Revenue - Expenses = 0 - Token Incentives = -Token Incentives (negative value representing the cost of network security)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Net profit (also profits, net income, profitability) — revenue remaining after subtracting expenses.

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