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Can someone explain to me the Y-Axis here? I don't can't figure out the denominator of that percentage. I assume the numerator is "days destroyed". Is the denom
by acslater00 15y ago
Can someone explain to me the Y-Axis here? I don't can't figure out the denominator of that percentage. I assume the numerator is "days destroyed". Is the denominator the total number coin "age days" at the start of a given day?
- stuhood 15y agoThe graph is from this wiki page, which explains the axes slightly better: https://en.bitcoin.it/wiki/Bitcoin_Days_Destroyed#Graph_of_Percentage_of_Bitcoin_Days_Destroyed https://en.bitcoin.it/wiki/Bitcoin_Days_Destroyed#Graph_of_P... : the x-axis is time measured in blocks (created on average once every 10 minutes). The percentage is (bitcoin_days_ever_destroyed / bitcoin_days_ever_created). Today there will be ~7.2 million bitcoin days created, because that is how many BTC are in circulation.