Answering Curiosity: How Many BTC Are Mined Per Day on Average?

As of January 2025, approximately 450 BTC are mined daily. This number reflects Bitcoin’s current protocol parameters, following the fourth halving event in April 2024, which reduced the block reward to 3.125 BTC.

How Is This Number Calculated?

Block Time: Bitcoin’s network aims to produce a new block every 10 minutes.

Block Reward: Each block currently awards miners 3.125 BTC.

Daily Blocks: With 144 blocks mined daily (24 hours × 60 minutes ÷ 10 minutes/block), the daily BTC production is: 144 x 3.125 = 450 BTC/day

Historical Evolution of Daily Bitcoin Mining

Bitcoin’s mining rewards and daily BTC production have decreased over time due to its halving events, which occur approximately every 210,000 blocks, or roughly every four years. These events are built into Bitcoin’s protocol to reduce the rate of new BTC creation and enforce scarcity.

Key Milestones

2009 – Genesis Block

Block Reward: 50 BTC

Daily Production: ~7,200 BTC

2012 – First Halving

Date: November 28, 2012

Block Reward: 25 BTC

Daily Production: ~3,600 BTC

2016 – Second Halving

Date: July 9, 2016

Block Reward: 12.5 BTC

Daily Production: ~1,800 BTC

2020 – Third Halving

Date: May 11, 2020

Block Reward: 6.25 BTC

Daily Production: ~900 BTC

2024 – Fourth Halving

Date: April 2024

Block Reward: 3.125 BTC

Daily Production: ~450 BTC

Significant Moments in Bitcoin Mining History

Advent of ASICs (2013): Application-Specific Integrated Circuits (ASICs) revolutionized Bitcoin mining, dramatically increasing efficiency while rendering CPU and GPU mining obsolete.

China’s Mining Ban (2021): Once accounting for over 70% of global hash power, China’s crackdown on mining led to a mass exodus of miners to regions like the United States, Kazakhstan, and Canada.

U.S. Becomes the Mining Leader: By late 2021, the U.S. emerged as the leading Bitcoin mining hub, particularly in Texas and Wyoming, due to favorable regulations and abundant energy.

Sustainable Mining Initiatives: Countries like Bhutan and El Salvador have embraced renewable energy sources such as hydroelectric and geothermal power to reduce Bitcoin’s environmental footprint.

90% of Bitcoin Supply Mined (2021): On December 13, 2021, 90% of the total supply of 21 million BTC was mined, underscoring Bitcoin’s scarcity.

Future of Bitcoin Mining

Next Halving (2028): The block reward will decrease to 1.5625 BTC, reducing daily BTC production to ~225 BTC.

Final Bitcoin Mining (2140): The last Bitcoin is expected to be mined around the year 2140. At that point, miners will rely solely on transaction fees for revenue.

Conclusion

Bitcoin mining currently produces 450 BTC per day, a number designed to decrease over time due to halvings. This decreasing supply, combined with Bitcoin’s fixed cap of 21 million coins, strengthens its value proposition as a deflationary asset. Mining not only secures the network but also ensures the gradual and predictable distribution of Bitcoin into the global economy.

Read more about Bitcoin (BTC):

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BTC to USD: Convert Bitcoin to US Dollar

FAQs

How many BTC are mined daily? As of January 2025, approximately 450 BTC are mined each day, following the fourth halving event in April 2024, where the block reward was reduced to 3.125 BTC per block.

What is the process that determines how much BTC is mined per day? Bitcoin's network targets a new block every 10 minutes, with miners receiving 3.125 BTC as a reward for each block. This results in 144 blocks being mined daily, producing around 450 BTC each day.

How has Bitcoin’s daily mining output changed over time? Bitcoin’s daily mining output has decreased after each halving event, starting with 7,200 BTC per day in 2009 and gradually lowering to about 450 BTC per day in 2024. The next halving in 2028 will further reduce daily mining to approximately 225 BTC.

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