Mining reward halving mechanism:
Bitcoin has a unique reward mechanism, that is, every once in a while (about four years), the mining reward will be halved. This is because the total amount of Bitcoin is limited, about 21 million.
The most recent halving will take place in 2024, which will result in a reduction in the reward per block from 6.25 BTC previously to 3.125 BTC now.
Daily mining output:
The Bitcoin system mines a new block approximately every 10 minutes, which means that approximately 144 blocks can be mined in a day (24 hours).
Therefore, the 3.125 BTC reward for each block means that the number of BTC that can be obtained through mining every day is roughly 144 × 3.125 = 450 BTC.
Additional transaction fees:
In addition to block rewards, miners can also earn additional fees (called mining fees) from processing transactions on the blockchain. This part of the fee is not fixed and depends on the transaction volume on the network and the fees set by the miners.
However, this fee is usually small relative to the block reward, so when calculating daily mining output, we focus mainly on the block reward.
Currently, the daily output of BTC mining is roughly 450 BTC, which is an estimate based on a reward of 3.125 BTC per block and approximately 144 blocks mined per day.
