| TOTAL NUMBER OF BITCOINS:
| NEW BITCOINS UNTIL HALVING:
xxx btc / xxx blocks
| BITCOIN PRICE:
| BITCOIN INFLATION (ANNUALIZED):
xxx% / YEAR
| BITCOIN INFLATION PER DAY @xxx$:
xxx$ / DAY
In the Bitcoin network, user transactions are grouped in blocks and recorded to a digital public ledger called a blockchain. Miners are in charge of this task, and receive a mining reward in the form of bitcoins for each block recorded.
The amount of bitcoins rewarded for each block decreases with time: it is halved every 210000 blocks. This event, the moment when the mining reward is divided by 2, is commonly called "Bitcoin halving". Other denominations are used: "reward drop", "reward halving", or simply "the halving" or "the Halvening" which is a popular meme among bitcoiners.
When Bitcoin was created in 2009, the initial reward was 50 bitcoins. In november 2012, it dropped to 25btc after the first halving. Then to 12.5btc after halvening #2 in July 2016. Halvening #3 brings it down to 6.25btc. Read more...