With all the supply talk going on I wanted to verify the active supply on my new node I got. What is the best way to "run the numbers" I am running a raspiblitz node.
To verify the supply, you have to compute the theoretical maximum issuance based on the block subsidy schedule. Then you can use the
gettxoutsetinfo RPC which will output the total amount of Bitcoin in the UTXO set in a field named
total_amount. Lastly you check that the amount in the UTXO set is less than or equal to the theoretical maximum issuance.
Thanks. I am running a raspberry pi 4 and this seems to always time out when I try gettxoutsetinfo. Is there any guidance and what i should try differently? Aug 17, 2020 at 17:03
You can remove the
bitcoin-clitimeout by using
-rpcclienttimeout=0option.– Andrew Chow ♦Aug 17, 2020 at 17:57
1Thanks having issues with that... trying bitcoin-cli -rpcuser=user -rpcpassword=password -rpcclienttimeout=0 Getting too few params ( need at least command ). Aug 17, 2020 at 19:31
1You still need to have
bitcoin-clicommand. So you would have something like
bitcoin-cli -rpcclienttimeout=0 gettxoutsetinfo(rpcuser and rpcpassword usually aren't required,
bitcoin-clireads them from the datadir).– Andrew Chow ♦Aug 17, 2020 at 22:03