Hidden in the Block Reward

Ran an analysis of BTC for a model I am building and noticed a coincidence hidden right in front of us. The size of the Block Reward (at time of writing is 6.25 BTC / block) is representative of the % of total Bitcoin to ever be mined on that cycle.

Cycle 1 = 50 BTC / block, will be 50% of all BTC mined.

Cycle 2 = 25 BTC / block, will be 25% of all BTC mined.

Cycle 3 = 12.5 BTC/ block, will be 12.5% of all BTC mined.

Cycle 4 = 6.25 BTC / block, will be 6.25% of all BTC mined.

Can't believe I didn't see it before, makes total sense now after the product of Blocks per Cycle (210,000 ) by the reward per block when compared to terminal BTC (21,000,000). I love math.

I'm sure many of you were already aware but for those who weren't wanted to share it.

https://preview.redd.it/7bvvsbdgvak71.png?width=1035&format=png&auto=webp&s=ef9d05ee0a9305fdbf59ec14cf0c193433cffcac



Submitted August 29, 2021 at 06:40PM by jleyteja https://ift.tt/3kDQMZP

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