500 transactions/mo @ $15 · $250k circulating notional
Video source notes
The DonutSMP
black market.
Real listings, real prices, and an honest model of how much money moves through a Minecraft server's banned second economy.
Price snapshot
One billion coins has a street price.
Listings observed Aug 2026 · sellers relist and vanish daily- $30
- cheapest per billion (Odealo)
- $50
- working average used here
- $80
- highest per billion (Carousell)
- 22,497
- peak avg concurrent players
The core idea
The server bans real-money trading. The market prices it anyway.
DonutSMP's own terms forbid trading in-game items for real money, and the store runs through Tebex like any legitimate Minecraft shop. That ban is what creates the black market. The demand doesn't go away; it just moves to G2G, Eldorado, Odealo and Carousell, where the same billions get a dollar figure attached.
"The price is set by strangers on a resale site, not by the people who made the game."
Delivery is mundane: a seller meets you in-game and runs /pay or /tpa. Some listings require 24 hours of playtime before they'll hand anything over. The escrow, the ratings, the 34,000-order seller histories: all the infrastructure of a real exchange, wrapped around a currency that officially can't be sold.
Observed listings · Aug 2026
What a billion costs.
Every listing below was live when captured. Sellers delist and relist constantly, so treat these as a snapshot.
| Platform | Seller | Qty | USD | Implied $/billion |
|---|---|---|---|---|
| Odealo | belinger2 | 1M | $0.03 | $30 |
| Carousell | criticaltcg | 1B | $40.00 | $40 |
| Carousell | swifttiger | 1M | $0.055–0.065 | $55–65 |
| G2G | ArgenGaming | 1M | $0.065 | $65 |
| Carousell | multiple sellers | 100M | $7.00 | $70 |
| Carousell | totemoflol | 1B | $70.00 | $70 |
| Carousell | 3dropsgg | 1M | $0.08 | $80 |
| Working average used here | $50 / billion | |||
The spread between the $30 floor and the $80 ceiling is the arbitrage: the same billion coins costs nearly three times as much depending on where you buy.
Market-cap model · estimates
How big is it, honestly?
Every figure below is an estimate. Three of the five inputs are assumptions, tagged as such.
Inputs
- Peak avg concurrent
- 22,000
- Monthly unique players assumption
- 50,000
- RMT participation assumption
- 5%
- Transactions / month
- 2,500
- Average order value assumption
- $25
- Price peg
- $50 / billion
Weakest input: monthly unique players. Everything downstream inherits that error.
Scenarios
2,500 transactions/mo @ $25 · $1M circulating notional
5,000 transactions/mo @ $40 · $2.5M circulating notional
Known undercount: private Discord and crypto OTC deals are invisible to this model. Real volume is likely higher than the mid estimate, which is why the assumptions are listed rather than buried.
Primary sources
Where the numbers come from.
DonutSMP official site Primary
Server IP, terms of service, the real-money-trading ban, 900k+ Discord members.
Peak avg concurrent players Primary
22,497 peak avg concurrent, from the server tracker page.
Store runs on Tebex Secondary
Welcome document confirming the storefront platform. Consistent with the site, but not primary.
Channel timeline Unverified
DrDonut created 2 Oct 2015; DonutSMP channel 4 May 2023, per a fan wiki. Neither date is confirmed against the channels' own About pages.
Auction house anti-dupe config Primary
The plugin config itself, showing the anti-dupe settings.
Dupe fixes, spawnstash honeypots, bot simulator Third-party
A primary changelog, but for a third-party plugin used by servers in this space. Not confirmed as DonutSMP's own server code.
Soft vs hard currency rule Primary
Mojang's Minecraft Commercial Usage Guidelines, which set out what servers may and may not sell.
Live market data
The listings themselves.
These change daily. Prices and sellers here were captured in August 2026.
G2G · ArgenGaming34,200+ orders, 98.28% rating, ~1T inventory, $0.065/1M.g2g.com ↗
G2G · DonutHorderSpawner listings, buy-100-get-1-free bulk pricing.g2g.com ↗
G2G · delivery termsHandover by
/pay and /tpa, with a 24-hour playtime requirement.g2g.com ↗
EldoradoTradeShield escrow, the trust layer that makes strangers pay first.eldorado.gg ↗
Eloboost24Spawner and coin listings alongside boosting services.eloboost24.eu ↗
Odealo$30/billion: the cheapest price found, and the floor of the arbitrage spread.odealo.com ↗
CarousellPeer-to-peer listings, $40–$80/billion, Elytra at $25–30.carousell.sg ↗
donut.marketDedicated storefront, 11,000+ orders per its review page.trustpilot ↗
donutsmpmarket.xyz500+ transactions per its review page.trustpilot ↗
RPGStashNetherite block listed at $8.74, with items priced like commodities.rpgstash.com ↗