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Author Topic: How many BTC are mined per day?  (Read 1543 times)
MyFarm
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June 07, 2011, 06:17:57 PM
 #1

Is there somewhere I can access this data?  And as the "Difficulty" increases, does that mean the number of mined BTC decreases?

Thank you.
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TraderTimm
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June 07, 2011, 06:22:27 PM
 #2

You can calculate it based on the current rate of blocks solved per hour here:

http://bitcoincharts.com/charts/

(mtgoxUSD tab on the left)

Simply multiply the Blocks/hour figure by 24 and there's your estimate. Keep in mind though that this number changes constantly as miners enter/leave their respective solo and pooled mining efforts.

fortitudinem multis - catenum regit omnia
adrian33
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June 07, 2011, 06:27:39 PM
 #3

"The target is for 7200 new bitcoins to be mined each day"

http://forum.bitcoin.org/index.php?topic=8481.msg125110#msg125110

MoonShadow
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June 07, 2011, 06:35:51 PM
 #4

  And as the "Difficulty" increases, does that mean the number of mined BTC decreases?


No.  The number of bitcoins does vary somewhat, but the entire point of the changing difficulty is to keep the average new currency creation rate to 7200 per day until January of 2013.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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