Koinos Distribution Report [22.11.2020]

A new blockchain project called Koinos launched on October 13th, 17:00 UTC.

@jga created a tool to bundle up to 5 miners into one Koin mining pool to save on gas fees. Check out the announcement of koinos.club on his latest post.

The website has also a handy mining calculator that shows how much Koin you can mine with a given hashrate and proof interval.

Snapshot data has been taken from etherscan.io.

Date	No. Addr.	Koin Mined per Week	Total Koin Mined
18.10.2020	425	3'911'956	3'911'956
25.10.2020	502	4'745'598	8'357'554
01.11.2020	530	5'879'730	14'237'284
08.11.2020	567	6'810'864	21'048'148
15.11.2020	823	6'071'997	27'120'145
22.11.2020	908	5'434'706	32'554'851

Number of addresses holding Koin increased by 10% over the course of one week. Amount Koin mined grew by 20%.

Notes:

The address currently ranked 4th, ...3e9b0..., is a Uniswap exchange account to facilitate an ETH/KOIN trading pair.
The address currently ranked 12th, ...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.

Twitter

You may remember the Tweet by @elontrades from the 15th of November:

This Tweet coincided with massive price action and an influx of users on the Koinos Discord.

Sourche: Uniswap.org

Looks like the big miners and a few traders were able to fulfill the added demand in no time. Back to business as usual.

Statistical Properties

Date	Max	Mean	75%	50%	25%
18.10.2020	629361.01	86169.76	3789.62	1227.76	328.21
25.10.2020	685370.77	96329.41	6739.93	1744.09	402.09
01.11.2020	1000001.00	140954.10	12289.93	2065.30	513.07
08.11.2020	1000001.0	145864.95	21161.01	2546.69	533.36
15.11.2020	1000001.0	143624.49	19927.97	3266.36	668.16
22.11.2020	1226233	173641.11	20485.85	3792.29	618.93

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

The extremely large difference between mean and median balance also shows a strong concentration of assets. Accounts below the 3rd quartile are only making slow progress.

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 0.797, 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 0,00987. Stable compared to last week.

Summary

33% of the final Koin amount have been mined. Large CPU clusters are crowding out most home setups. A big part of distribution is happening via cheap prices for Koin on Uniswap.