Post
Topic
Board Beginners & Help
Re: How much money is produced every four years...
by
Stephen Gornick
on 18/06/2012, 22:38:43 UTC
http://bitcoincharts.com/bitcoin/

Blocks last 24 hours: 151 blocks x 50 BTC = 7550 BTC x 365 days = 2755750 BTC x $5 USD = $13,778,750 USD

Is the above accurate?

Well, your exchange rate is off.  For a while when bitcoin was trading $15 and higher, in USDs, there was over $100K USD worth of bitcoins mined each day.  A matter of months later at $2.25, that dropped to $16K USD worth.

So how much "money" is mined each day, depends on your definition of "money".

The target rate is for 7,200 BTC per day, through block 210,000 (expected to be reached in early December), then 3,600 BTC per day for the next 210,000 blocks (targeted to take four years), then 1,800 per day for the 210,000 blocks (another four years) following, etc.