Post
Topic
Board Trading Discussion
Re: Price dumped on silkroad auction news?
by
burnettm
on 13/06/2014, 09:57:48 UTC

The total represents about eight days worth of mined coins, so it shouldn't change things too much.


Could you please elaborate more on that, or send me a related link where I could learn about this conclusion?

Thanks!  Smiley

It takes 10 minutes on average to generate a block and each block rewards 25 BTC, so that works out to approximately 28.8k BTC generated every 8 days.

https://en.bitcoin.it/wiki/Blocks