Post
Topic
Board Project Development
Re: TimechainStats.com - FREE BTC Resources - NO ADS
by
Yamane_Keto
on 14/07/2023, 13:57:32 UTC
Just a noob question. We knew that 21 million is the maximum supply of Bitcoin and I've seen that there's 20,999,999.97 on your website's supply. Is there an explanation technically why it's not whole 21 million?
Because there are not 21 million bitcoins, but we say that there are approximately ~21 million bitcoins, the real number is 20,999,999.97, and there is always a less than 21M because of the number of lost bitcoins.
why 20,999,999.97 because every 210,000 blocks, block reward is divided by 2, starting from 50 BTC to 25 > 12,5 >6,25 >3,125,....
Alright thanks, I get it. Since we always tend to say that there's 21M but in reality, it's just an approximation. Although it's not really that much of what lacking to complete the entire 21 million.
Going back to the website, how many seconds does it take to load the website from you guys?
It works fine, but I don't even know what language the article is written in. It seems to be Danish. I googled the image because I'm too lazy to divide 50/2 and multiply it by 210,000 and then add the result. You can do that with any script or a calculator.


Code:
CAmount GetBlockSubsidy(int nHeight, const Consensus::Params& consensusParams)
{
  int halvings = nHeight / consensusParams.nSubsidyHalvingInterval;
  // Force block reward to zero when right shift is undefined.
  if (halvings >= 64)
    return 0;

  CAmount nSubsidy = 50 * COIN;
  // Subsidy is cut in half every 210,000 blocks which will occur approximately every 4 years.
  nSubsidy >>= halvings;
  return nSubsidy;
}