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Can someone please break down the Bitcoin network’s subsidy formula?

Can someone please break down the Bitcoin network’s subsidy formula?



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9 Comments

  1. That weird E is just a summation function. Its just an instruction to iterate starting with the number at the bottom and incrementing “I” by 1 with each iteration until the top number is reached. In this case, infinity.

  2. The formula is incomplete, by not having separate variables for the halving interval (210000) and initial reward amount (50). The arithmetic is trivial.

    * `alpha` is 50 * 210000
    * the sum of halves equals one
    * the `1 + ` is the first reward era, 210000 blocks at 50 per block

    The formula with the parameters plugged in

    50 * 210000 (1 + 1)

    What’s the question?

What do you think?

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