How Many New Bitcoins Are Created Each Year?185

Bitcoin, the world's first and largest cryptocurrency, is a decentralized digital currency that is not subject to government or financial institution control. Instead, Bitcoin is created and managed through a distributed network of computers that run the Bitcoin software. One of the key features of Bitcoin is its finite supply, with a maximum of 21 million bitcoins that can ever be created.

The process of creating new bitcoins is known as mining. Mining involves solving complex mathematical problems using specialized computers. The first person or group to solve a problem receives a block reward, which consists of newly created bitcoins. The block reward is currently set at 6.25 bitcoins, and it is halved every four years. This means that the number of new bitcoins created each year is constantly decreasing.

So, how many new bitcoins are created each year? The answer to this question depends on the current block reward and the number of blocks that are mined each year. In 2022, the block reward was 6.25 bitcoins, and there were approximately 144 blocks mined each day. This means that approximately 900 new bitcoins were created each day in 2022. This number will continue to decrease over time as the block reward is halved every four years.

Here is a breakdown of the number of new bitcoins created each year since Bitcoin's inception in 2009:
2009: 1,700,000
2010: 3,600,000
2011: 2,520,000
2012: 1,440,000
2013: 1,080,000
2014: 720,000
2015: 360,000
2016: 180,000
2017: 90,000
2018: 45,000
2019: 22,500
2020: 11,250
2021: 5,625
2022: 2,812.5

As you can see, the number of new bitcoins created each year has been decreasing steadily since Bitcoin's inception. This is due to the halving of the block reward every four years. As a result, the total supply of bitcoins will eventually reach 21 million, and no new bitcoins will be created after that.

The finite supply of bitcoins is one of the key factors that gives it value. By limiting the number of bitcoins that can ever be created, Bitcoin is protected from inflation. This is in contrast to fiat currencies, which can be inflated by governments and central banks by simply printing more money.

2025-02-03

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