Difference between revisions of "Block subsidy"
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The block subsidy is the means by which all bitcoins available for exchange on the network are issued. The mechanism is designed such that the Miners who build the network infrastructure receive these rewards as a subsidy to fund their operations. | The block subsidy is the means by which all bitcoins available for exchange on the network are issued. The mechanism is designed such that the Miners who build the network infrastructure receive these rewards as a subsidy to fund their operations. | ||
| − | The | + | The [[Block Subsidy Schedule]] originally awarded each successful block discovery, 50 bitcoins, however the rate halves once every 210,000 blocks (approximately every 4 years). The block subsidy ceases when the halving makes the value below 1 Satoshi, an event which is estimated to take place in around 2140. |
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Revision as of 03:09, 21 April 2022
The block subsidy is the means by which all bitcoins available for exchange on the network are issued. The mechanism is designed such that the Miners who build the network infrastructure receive these rewards as a subsidy to fund their operations.
The Block Subsidy Schedule originally awarded each successful block discovery, 50 bitcoins, however the rate halves once every 210,000 blocks (approximately every 4 years). The block subsidy ceases when the halving makes the value below 1 Satoshi, an event which is estimated to take place in around 2140.
This chart shows both the rate of subsidy over time and the overall issuance of Bitcoins into the system. Used with permission, courtesy of Metanet.icu user 'mpapec'.