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.
Submitted August 29, 2021 at 09:40PM by jleyteja https://bit.ly/38kEkYT
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