Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Barefoot Mining CEO: After Bitcoin halving, daily output will actually drop to 52.5% of the current level

Barefoot Mining CEO: After Bitcoin halving, daily output will actually drop to 52.5% of the current level

CointimeCointime2023/11/05 12:06
By:Cointime

On November 4th, Barefoot Mining CEO Bob Burnett clarified a common misunderstanding about the Bitcoin production rate in a post on X platform. Bob Burnett stated that the actual average block time is shorter than the widely assumed 10 minutes, resulting in a higher block output per day than expected. The block output should be 146.7 instead of 144. Therefore, due to block rewards and transaction fees, the daily Bitcoin production is currently higher than the expected 900 coins, reaching 966 coins. Burnett stated that with the upcoming halving event next year, although the block reward will be halved, the increase in transaction fees means that the new daily production will only decrease to 507.6 Bitcoin, instead of the expected 450 coins. This means a decrease to 52.5% of the current production, rather than the expected 50%. Although the difference in data may seem insignificant, these details are very important for miners and traders as they will affect income forecasts and market liquidity.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Meta Eyes Stablecoin Payments After Crypto Hiatus

Meta plans to integrate stablecoin payments into its apps, marking a return to crypto after three years.Why Meta Is Betting on Stablecoins

Coinomedia2025/05/09 14:00
Meta Eyes Stablecoin Payments After Crypto Hiatus

Best New Meme Coins to Invest in Now: Troller Cat Set to Jump 20% as Notcoin Holds Ground and Degen Surges

Troller Cat presale surges with ROI projections, while Notcoin and Degen trend in meme coin circles. Learn why these are the best new meme coins to invest in now..Unlocking Massive 69% APY Staking Rewards–Why Troller Cat Is One of the Best New Meme Coins to Invest in NowTelegram’s Favorite Token? Notcoin Climbs as Volume Jumps 13.5%$DEGEN Rally Accelerates With 76% Spike in Daily Trading Activity

Coinomedia2025/05/09 14:00
Best New Meme Coins to Invest in Now: Troller Cat Set to Jump 20% as Notcoin Holds Ground and Degen Surges