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Koinos Mining Progress [06.12.2020]

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The Koinos team started a podcast. In episode 1 @andrarchy is talking to @vandeberg about Graphene and smart contracts. Check it out on YouTube

Snapshot data has been taken from etherscan.io.

DateNo. Addr.Koin Mined per WeekTotal Koin Mined
18.10.20204253'911'9563'911'956
25.10.20205024'745'5988'357'554
01.11.20205305'879'73014'237'284
08.11.20205676'810'86421'048'148
15.11.20208236'071'99727'120'145
22.11.20209085'434'70632'554'851
29.11.20208806'596'30039'151'151
06.12.20208705'906'77745'057'927

Number addresses holding Koin decreased by 1% over the course of one week. Amount Koin mined grew by 15%.

45% of the total supply has been mined so far:

Koin price history:

Source: Uniswap.org

Notes:

  • The address currently ranked 3rd, ...3e9b0..., is a Uniswap exchange account to facilitate an ETH/KOIN trading pair.

  • The address currently ranked 19th, ...c2146..., is a Uniswap exchange account to facilitate an USDT/KOIN trading pair.

  • Many mining enthusiasts are running more than one miner and might not consolidate all their mined tokens to a single address.

  • Addresses truncated for readability.

Statistical Properties

DateMaxMean75%50%25%
18.10.2020629361.0186169.763789.621227.76328.21
25.10.2020685370.7796329.416739.931744.09402.09
01.11.20201000001.00140954.1012289.932065.30513.07
08.11.20201000001.0145864.9521161.012546.69533.36
15.11.20201000001.0143624.4919927.973266.36668.16
22.11.20201226233173641.1120485.853792.29618.93
29.11.20201171201.88170436.4624613.173411.46592.85
06.12.20201731554.6244918.4625556.673358.94563.63

75% = 3rd quartile, 50% = median, 25% = 1st quartile.

The extremely large difference between mean and median balance shows a strong concentration of assets in the top quartile. Accounts below the 2nd quartile show a decreasing balance.

Gini Coefficient

As a better measure of distribution, and subsequent changes over time, we can take a look at the Gini coefficient. It is intended as a tool to measure wealth inequality within nations or other groupings. A coefficient of 0 equals a perfect equitable distribution, a value of 1 signifies maximal inequality.

The current data set yields a coefficient of 0.81, signifying a very top heavy distribution. Unchanged from the previous week.

Herfindahl-Hirshman Index

The Herfindahl–Hirschman Index (HHI) is a measure of industry concentration or competitiveness. Increases in the Herfindahl index generally indicate a decrease in competition. The scale ranges from 0 (highly competitive) to 1 (monopoly). In practice a value over 0,25 already signifies high concentration.

The current data set yields a value of 0,01. Stable compared to last week.

Links

Koinos Website: openorchard.io

Official Koinos miner: Github

Koinos Whitepaper

KOIN Mining FAQ

ERC-20 Token Mining Contract: Github

@ aussieninja interviewing Koinos CEO @ andarchy: YouTube

Mining pool and mining calculator on koinos.club by @ jga and @ pstaiano - introductory post.


Vote for my witness: @blue-witness

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