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Author Topic: How many bitcoins are made a day?  (Read 2534 times)
Juggernaut118
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November 04, 2011, 04:01:48 AM
 #1

And is there a chart that shows the rate that they are being mined at?

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MoonShadow
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November 04, 2011, 04:03:40 AM
 #2


7200



"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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November 04, 2011, 04:11:20 AM
 #3

7200, give or take a bit.  The difficulty readjusts every two weeks or so to bring it back to 7200 whenever it starts going too fast or too slow.

Network speed and difficulty charts: http://bitcoin.sipa.be/

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notme
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November 04, 2011, 04:21:57 AM
 #4

That would be a pretty simple calculation from the difficulty data.... check the wiki.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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deepceleron
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November 04, 2011, 04:47:16 AM
 #5

About:
1 every 12 seconds.
5 every minute
50 every 10 minutes
300 every hour
7200 every day
50400 every week
2629728 every year (averaging for leap years)

Or:
Exactly 7588400 so far, in 1028 days of Bitcoin existence, averaging 7383 per day.

Red Emerald
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November 16, 2011, 12:30:08 AM
 #6

About:
1 every 12 seconds.
5 every minute
50 every 10 minutes
300 every hour
7200 every day
50400 every week
2629728 every year (averaging for leap years)

Or:
Exactly 7588400 so far, in 1028 days of Bitcoin existence, averaging 7383 per day.

There aren't 5 made a minute. Thats if you look at the averages.  50 are made about every 10 minutes.

deepceleron
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November 16, 2011, 01:21:25 AM
 #7

There aren't 5 made a minute. Thats (sp) if you look at the averages.  50 are made about every 10 minutes.

Red Emerald
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November 16, 2011, 09:37:32 PM
 #8

I think someone asking a simple question like this should be given the most accurate answer.

What is obvious to you is obvious to you.  Plenty of people seem to think that mining in a PPS pool actually mines that share. They are wrong, but not being explicit in answers like this is what helps to spread confusion.

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November 16, 2011, 09:39:37 PM
 #9

About:
1 every 12 seconds.
5 every minute
50 every 10 minutes
300 every hour
7200 every day
50400 every week
2629728 every year (averaging for leap years)

Or:
Exactly 7588400 so far, in 1028 days of Bitcoin existence, averaging 7383 per day.

There aren't 5 made a minute. Thats if you look at the averages.  50 are made about every 10 minutes.
Better have my fun with these before Thymos outlaws them entirely.  Tongue

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