bkkarki21 on Nostr: Bitcoin miners compete to add a new block to the blockchain every ~10 minutes and are ...
Bitcoin miners compete to add a new block to the blockchain every ~10 minutes and are rewarded 6.25 bitcoins for doing so currently. This sums up to 900 new btc production per day (Epoch-04.)
In less than 9000 blocks, which is tentatively scheduled for 04/20/24 🍃🔥, btc production will be reduced to 450 btc per day ~ 3.125 btc per block (Epoch-05.)
And that always leads to price discovery 😎
Published at
2024-02-19 22:31:51Event JSON
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"pubkey": "1e31e4ea0a692f17e6b48009c09bf46e99e24bf72d460517649ac4775a530b36",
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"tags": [],
"content": "Bitcoin miners compete to add a new block to the blockchain every ~10 minutes and are rewarded 6.25 bitcoins for doing so currently. This sums up to 900 new btc production per day (Epoch-04.)\nIn less than 9000 blocks, which is tentatively scheduled for 04/20/24 🍃🔥, btc production will be reduced to 450 btc per day ~ 3.125 btc per block (Epoch-05.)\nAnd that always leads to price discovery 😎\nhttps://m.primal.net/Hdqg.jpg",
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}