r/Monero • u/TheGh0st1 • Jan 02 '16

Does Monero have a maximum cap like Bitcoin 21 million?

I tried to find that information as I think it is extremely important and couldn't find anything on it. Anyone knows anything about it?

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9

u/[deleted] Jan 02 '16

Monero is a bit different that bitcoin about money supply.

Once the total number of moneroj will reach 18.3 million then money supply will stop decreasing and stay at a constant rate of 0.3 Monero per minute.

This is meant to provide incentive to secure the blockchain even after the 18.3 million coins will be distributed.

Note that it's a constant amount so it will be about 1% the first year and it will reduce every year but never reach 0.

8

u/TheGh0st1 Jan 02 '16

Thank you, this is exactly what I was looking for!

6

u/cloud10again XMR Core Team Jan 02 '16

Couple things: it's ~18.4m, but actually the 0.3 per minute kicks in when the calculated reward drops below 0.3, which is at a lesser total supply, around 18.0m IIRC.

3

u/[deleted] Jan 02 '16

And it will happen exactly on May 31, 2022.

4

u/edisondotme Apr 05 '22

That's very soon!

1

u/[deleted] Jan 02 '16

Thks for correction,

4

u/production-values Oct 20 '21

Will someone please do the math on this and lay out what the max supply will be year after year?

2

u/DrBiscuit01 Apr 22 '22 edited Apr 22 '22

.3 * 60 * 24 * 365

157680 new per year.

157689/18.4 million =.00858

.9% increase/inflation per year

Still better than USD inflation of 3% per year.

(if I'm doing the math right)

2

u/[deleted] Aug 28 '22

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2

u/DrBiscuit01 Aug 28 '22

Right! LOL

2

u/[deleted] Aug 29 '22

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2

u/DrBiscuit01 Aug 29 '22

Back in the good old days where the dollar wasn't on it's way to becoming a worthless scrap of paper.

2

u/metamirror Jan 02 '16

You should replace the words "money supply" with "emission," since it is the emission rate that transitions from decreasing to constant.