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    Author Topic: How many Bitcoins have been provably lost? At least ...  (Read 2563 times)
    DeathAndTaxes (OP)
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    Gerald Davis


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    July 02, 2014, 11:19:44 PM
    Last edit: July 02, 2014, 11:39:11 PM by DeathAndTaxes
    Merited by ABCbits (10), o_e_l_e_o (4)
     #1

    In validating a UTXO parser I started looking at various outputs which are provably unspendable.  As of block #305303 2,745.22283996 BTC have been provably lost.  The total number of coins lost is higher potentially much higher but most of those losses can't be proven.   Funds sent to outputs that can never be redeemed can be provably shown to be lost.

    Code:
    Category       NumOutputs    AmountLost
    -----------------------------------------
    BugOpFalse            23   2,609.36304319
    BugP2Pool            182       0.60280235
    BugInvalidOpcode      14       0.04520008
    BugInvalidPubKey  17,112       0.00242288
    BugParseError          1       0.00040000
    ZeroValue *        3,080       0.00000000
    MissingFromUTXO **   ---     135.20897146
    -----------------------------------------
    Total             20,412   2,745.22283996 BTC

    * Zero value unprunable outputs are not invalid outputs but they are undesirable.  I was surprised to see there are over three thousand in the UTXO.  In the future the creation of new zero value outputs (with the exception of the prunable OP_RETURN) could be made invalid and potentially even these outputs pruned off by a hard fork.

    ** As of block 305,303 the coin supply is limited to 12,882,575 BTC.   This is based on the max subsidy per block and the block height.  However the UTXO (set of all unspent outputs) is only 12,882,439.79102854 BTC.  Some of the difference may be due to OP_RETURN outputs (which are unspendable by protocol) having a value set.  This could be accidental or intentional.  Another source of lost coins is due to miners taking less than the maximum block reward which in effect "de-mines" an amount of coins equal to the difference between the allowed reward and the taken reward.

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