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Why is it inflationary?
by mrfusion 9y ago
Why is it inflationary?
- panarky 9y agoThe bitcoin network rewards miners with 12.5 new BTC every 10 minutes or so (~1,800 per day). The ethereum network rewards miners with 5 new ETH approximately every 15 to 30 seconds (~18,000 per day). Bitcoin's total supply is now about 17 million BTC, and will never exceed 21 million BTC. Ethereum's total supply is now about 96 million ETH with no upper limit.
- endangered 9y ago> The ethereum network rewards miners with 5 new ETH approximately every 15 to 30 seconds (~18,000 per day). This is not true. After the last hard fork, the reward for miners went down to 3 ETH.
- panarky 9y agoIt's a little complicated with uncles, etc., but the net result is more than 20,000 brand new ETH created every day. Here's a chart of daily block rewards. https://imgur.com/a/JG9W5 https://imgur.com/a/JG9W5
- tiki12revolt 9y agobecause that's how it was built [1] [1] https://en.wikipedia.org/wiki/Ethereum#Ether_supply_increase_rate https://en.wikipedia.org/wiki/Ethereum#Ether_supply_increase...