Bitcoin Controlled Supply
Bitcoin are “minted” during the creation of each block at a fixed and diminishing rate. Each block, generated on average every 10 minutes, contains entirely new bitcoin, created from nothing. Every 210,000 blocks, or approximately every four years, the currency issuance rate is decreased by 50%. For the first four years of operation of the network, each block contained 50 new bitcoin. (Book: Mastering Bitcoin 2nd edition, page 215)
Genesis Block, block "0", January 3rd 2009
Reward Era #1
Subsidy per block= 50 Btc
Blocks {0 — 209999}
Btc added= 10,500,000 Btc
Halving 1 at block 210000, 28th November 2012
Reward Era #2
Subsidy per block= 25 Btc
Blocks {210000 — 419999}
Btc added= 5,250,000 Btc
Halving 2 at block 420000, 9th July 2016
Reward Era #3
Subsidy per block= 12.5 Btc
Blocks {420000 — 629999}
Btc added= 2,625,000 Btc
Halving 3 at block 630000, 11th May 2020
Reward Era #4
Subsidy per block= 6.25 Btc
Blocks {630000 — 839999}
Btc added= 1,312,500 Btc
Halving 4 at block 840000, ETA May 2024
Reward Era #5
Subsidy per block= 3.125 Btc
Blocks {840000 — 1049999}
Btc added= 656,250 Btc
Aníbal Santaella (@a_santaellas)
Bitcoin are “minted” during the creation of each block at a fixed and diminishing rate. Each block, generated on average every 10 minutes, contains entirely new bitcoin, created from nothing. Every 210,000 blocks, or approximately every four years, the currency issuance rate is decreased by 50%. For the first four years of operation of the network, each block contained 50 new bitcoin. (Book: Mastering Bitcoin 2nd edition, page 215)
Genesis Block, block "0", January 3rd 2009
Reward Era #1
Subsidy per block= 50 Btc
Blocks {0 — 209999}
Btc added= 10,500,000 Btc
Halving 1 at block 210000, 28th November 2012
Reward Era #2
Subsidy per block= 25 Btc
Blocks {210000 — 419999}
Btc added= 5,250,000 Btc
Halving 2 at block 420000, 9th July 2016
Reward Era #3
Subsidy per block= 12.5 Btc
Blocks {420000 — 629999}
Btc added= 2,625,000 Btc
Halving 3 at block 630000, 11th May 2020
Reward Era #4
Subsidy per block= 6.25 Btc
Blocks {630000 — 839999}
Btc added= 1,312,500 Btc
Halving 4 at block 840000, ETA May 2024
Reward Era #5
Subsidy per block= 3.125 Btc
Blocks {840000 — 1049999}
Btc added= 656,250 Btc
Aníbal Santaella (@a_santaellas)
Note
Reward era # 1 - Halving 1Note
Reward era # 2 - Halving 2Note
Reward era # 3 - Halving 3
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.