What is the total amount of bitcoins mined per year?
![avatar](https://download.bydfi.com/api-pic/images/avatars/XZeL7.jpg)
Can you tell me the total number of bitcoins that are mined each year? I'm curious to know how many new bitcoins are added to the market annually.
![What is the total amount of bitcoins mined per year?](https://bydfilenew.oss-ap-southeast-1.aliyuncs.com/api-pic/images/en/eb/3aadd461f0be4c01376fdb70c42d32d538938b.jpg)
3 answers
- Sure! The total amount of bitcoins mined per year is 900. This number is fixed and will remain the same until the year 2140 when all 21 million bitcoins will be mined. After that, no new bitcoins will be created through mining.
Dec 19, 2021 · 3 years ago
- The total amount of bitcoins mined per year varies based on the block reward halving events. Initially, the block reward was 50 bitcoins per block. However, every 210,000 blocks, the reward is halved. Currently, the block reward is 6.25 bitcoins per block, which means approximately 328,500 bitcoins are mined each year.
Dec 19, 2021 · 3 years ago
- According to BYDFi, the total amount of bitcoins mined per year is determined by the block reward and the number of blocks mined. As of now, the block reward is 6.25 bitcoins, and approximately 144 blocks are mined each day. This results in around 328,500 bitcoins being mined annually.
Dec 19, 2021 · 3 years ago
Related Tags
Hot Questions
- 92
What are the best practices for reporting cryptocurrency on my taxes?
- 88
What are the tax implications of using cryptocurrency?
- 79
How can I buy Bitcoin with a credit card?
- 67
How does cryptocurrency affect my tax return?
- 63
Are there any special tax rules for crypto investors?
- 46
How can I minimize my tax liability when dealing with cryptocurrencies?
- 46
How can I protect my digital assets from hackers?
- 28
What is the future of blockchain technology?