Lovely people, It's been a week since Qubic went live mining DOGE and I wanted to share my non-technical take for other community members who hold and use DOGE but don't mine it. I didnt realise it was going to be like a phased thing and was kind of worried about a tsunami effect.
The live numbers are here for anyone tracking:
What I care about as a DOGE holder and user:
- Is the network more secure than it was a week ago?
By the hashrate numbers, yes – there is additional independently-operated compute contributing to the chain. I think they are 17th in the mining pool list now.
- Is the new hashrate from a source that has any reason to attack the network?
A compute network that has publicly committed their infrastructure to DOGE mining has strong incentive to keep the chain healthy.
- Has anything gotten worse?
From what I can tell, no. I know miners here will have more nuanced views on the decentralization question and I'm genuinely interested in hearing them. But from a holder's perspective, "more legitimate external hashrate securing the network" seems straightforwardly good.
What does everyone else think?
https://i.redd.it/f1fhghaavqtg1.png
Posted by Various_Virus_3441