Hacker News Reader

Why is it inflationary?

The bitcoin network rewards miners with 12.5 new BTC every 10 minutes or so (~1,800 per day).

The ethereum network rewards miners with 5 new ETH approximately every 15 to 30 seconds (~18,000 per day).

Bitcoin's total supply is now about 17 million BTC, and will never exceed 21 million BTC.

Ethereum's total supply is now about 96 million ETH with no upper limit.

> The ethereum network rewards miners with 5 new ETH approximately every 15 to 30 seconds (~18,000 per day).

This is not true. After the last hard fork, the reward for miners went down to 3 ETH.

It's a little complicated with uncles, etc., but the net result is more than 20,000 brand new ETH created every day.

Here's a chart of daily block rewards.

because that's how it was built [1]