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BTC - Total Supply (Sat)
Description
The Bitcoin Total Supply shows the total number of BTC minted throughout history. It does not include any deductions such as lost or burned coins. This metric tracks our progress through the many halving cycles towards the final BTC count of 21 million BTC. 1 BTC = 100 000 000 Sat.
Bitcoin's USD Market Price is included for reference.
Pseudocode
for each block in blockchain:
minted_btc = block.coinbase_btc - block.fees)
total_supply_btc += minted_btc
(x,y) := (block.time, total_supply_btc)
for each hour in blockchain:
hr_total_supply_btc := open(blockchain[hr_start:hr_end].cuml_btc)
(x,y) := (hour, hr_total_supply_btc)
for each day in blockchain:
day_total_supply_btc := open(blockchain[day_start:day_end].cuml_btc)
(x,y) := (day, day_total_supply_btc)
Technical Info
Newly minted BTC is found in each block's coinbase transaction (along with block fees). One day when the total reaches 21 million BTC, there will be no further minting, and the coinbase transaction will consist only of fees. Until then, the rate of supply increase is regulated by the protocol through the reward halving cycle.
- Hourly and daily aggregations are derived from block data using open for this metric. Open grouping uses the first data in a timeframe to represent that timeframe.
- Hourly data contains occasional gaps; no blocks were generated during these times.
Related Metrics
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