Supply with no cost basis — Bitcoin onchain, per block

How many bitcoin were mined before anyone had ever traded one for money, so no one can say what they cost. Every profit measure on this site treats them as having cost nothing, which flatters those measures, and this is the size of that assumption.

DefinitionLive supply created below height 68,774, before any market price existed. This is the size of the zero-cost-basis assumption every realized-cap measure here rests on. Published beside them rather than buried.

LimitNothing can be done about this: no price existed, so any other choice would be an invention. Coin Metrics and Glassnode make the same assumption.

UnitBTC

Also filed under

Data quality How trustworthy is the number you are looking at?
Subsidy per the halving schedule what the rules allowed the miner to claim
All unspent outputs including unspendable the output count without the data-carrier exclusion
USD price quality at this block how good the price behind this block is
Which EUR series this block used real euro book, or dollars converted
Realized cap priced off a degraded quote how much of the cost basis rests on a weak price
Supply with no cost basis (share) what fraction of supply has no known cost
Live output value supply recomputed from the UTXO set

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