Economics

Understanding Bitmark’s Supply.

Bitmark has a limited supply. Its absolute emission cap is 27,579,894.7310 8000 BTMK. No more Bitmarks will ever be issued.

The Bitmark Blockchain: Store of Value · Store of Knowledge · Store of Reputation

Total Current Bitmarks Supply

The total number of Bitmarks issued by the mining process up to Block: 2,487,850 on November 2, 2026 07:53:53 UTC.

21,363,614.8611 4454 BTMK

Maximum emission: 27,579,894.7310 8000 BTMK. No more will ever be issued.

In words: twenty-seven million five hundred seventy-nine thousand eight hundred ninety-four point seven three one zero eight zero zero zero Bitmarks.

CERM affects the rate of emission, not the cap; the cap, or absolute limit on Bitmarks that can ever be generated, has always been 27,579,894.7310 8000 BTMK. What CERM (Coin Emission-Rate Modulation) does is push further into the future the time and block at which the full emission will have been issued and the cap reached. After that block, the remaining mining incentive will be transaction fees.

Understand Bitmark’s supply and Coin Emission Rate Modulation (CERM).

Coin Emission Rate Modulation (CERM) is a technology unique to Bitmark, operating since June 2018. When the hashrate for a mining algorithm falls relative to its recent peak, CERM reduces the block reward for that algorithm, lowering the issuance of new Bitmarks.

CERM changes the reward, not the network’s two-minute average block-time target. Separately, the Dark Gravity Wave mining-difficulty algorithm responds to reduced hashrate by easing mining difficulty. This allows blocks to continue processing transactions promptly while fewer new Bitmarks are issued.

The policy’s operating hypothesis is that reduced mining hashrate signals reduced demand for Bitmarks on exchanges, so production should abate while the blockchain continues serving its users. This is an economic hypothesis, rather than a direct measurement of exchange demand. CERM throttles emission and delays the achievement of the final emission cap, which remains an absolute limit on the number of Bitmarks that will ever be issued: 27,579,894.7310 8000 BTMK.

Understanding Bitmark CERM Emission Throttling

Bitmark: nominal emission curve

Nominal and actual cumulative supply
Nominal and actual cumulative supply ·
Grey shows recorded cumulative emission at 20,000-block checkpoints, connected to the latest collector observation. Red lines show the current block and issued supply. The blue segment highlights the emission gap below the nominal curve under CERM. The 2M date is the recorded block timestamp. Future milestone dates assume one block every two minutes from the latest observation. Observed 2026-11-02T07:53:53+00:00. Block 2,487,850.
Nominal Emission at Block (2,487,850) − Total Current Supply
24,442,127.50000000 BTMK − 21,363,614.86114454 BTMK = 3,078,512.63885546 BTMK not issued.
Illustrative nominal block rewards
Illustrative nominal block rewards · Download PNG

Model assumptions and source

Read the existing CERM documentation