On July 30, 2018, Ethereum (ETH) burned 3,591,780 units of its own currency. This is the equivalent of $228,514,800 at the time of the burn. What is Ethereum burning? Ethereum burning is the process of destroying a certain number of units of a digital asset. In the case of Ethereum, this asset is its own […]
How Many Ethereum Are Mined Per Day
Since Ethereum launched in July of 2015, miners have been rewarded with 12.5 new Ethereum per mined block. Ethereum’s total supply is capped at around 94 million, so at this rate it will take about 7.4 years to mine the last Ethereum. Ethereum rewards will decrease by half every four years, so in 2020 the […]
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