Barefoot Mining CEO: After Bitcoin halving, daily output will actually drop to 52.5% of the current level
On November 4th, Barefoot Mining CEO Bob Burnett clarified a common misunderstanding about the Bitcoin production rate in a post on X platform. Bob Burnett stated that the actual average block time is shorter than the widely assumed 10 minutes, resulting in a higher block output per day than expected. The block output should be 146.7 instead of 144. Therefore, due to block rewards and transaction fees, the daily Bitcoin production is currently higher than the expected 900 coins, reaching 966 coins. Burnett stated that with the upcoming halving event next year, although the block reward will be halved, the increase in transaction fees means that the new daily production will only decrease to 507.6 Bitcoin, instead of the expected 450 coins. This means a decrease to 52.5% of the current production, rather than the expected 50%. Although the difference in data may seem insignificant, these details are very important for miners and traders as they will affect income forecasts and market liquidity.
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