How much new Pearl (PEARL) enters circulation each day? It is one of the most useful numbers for miners, who share that daily pot, and for holders, who want to know how fast supply grows. The short answer as of November 5, 2026: about 1 million PEARL per day. This guide shows where that number comes from, why it moves, and how to work out your own share as a miner.
The short answer
| As of November 5, 2026 | Value |
|---|---|
| Block height | 138,995 (early November 5/6 UTC) |
| Block reward | About 2,192.23 PEARL |
| Blocks per day at the 194 second target | About 445 |
| Daily emission at target pace | About 976,000 PEARL |
| Blocks per day at the recent pace (about 182 seconds) | About 475 |
| Daily emission at recent pace | About 1.04 million PEARL |
| Total issued so far | About 369.85 million PEARL (17.6% of 2.1 billion) |
These figures cover the block subsidy only. Miners also collect the transaction fees in each block, which are small by comparison.
Where the number comes from
Pearl has no fixed reward and no halvings. The node computes each block’s reward from a formula (CalcBlockSubsidy in the node code):
reward(h) = S × K / ((h + K) × (h − 1 + K))
with S = 2.1 billion PEARL and K = 650,226 blocks (four years at the target block time). Block 1 paid 3,229.64 PEARL. By block 138,995 the reward had fallen to about 2,192.23 PEARL. Our Pearl supply and emission guide walks through the formula in full.
Daily emission is then simple multiplication:
PEARL per day = blocks per day × reward per block
At the 194 second target there are 86,400 / 194, or about 445, blocks per day. 445 × 2,192 is about 976,000 PEARL.
Why block time matters so much
The formula fixes how much PEARL each block height pays. It says nothing about calendar time. If blocks come faster than the target, more blocks are found per day, so more PEARL is issued per day, even though the total for any given height never changes.
Here is the same reward of about 2,192 PEARL at different average block times:
| Average block time | Blocks per day | PEARL per day |
|---|---|---|
| 194 seconds (target) | About 445 | About 976,000 |
| 182 seconds (Oct 27 to Nov 5, 2026) | About 475 | About 1.04 million |
| 120 seconds (average since launch) | About 720 | About 1.58 million |
The bottom row is not today’s rate, but it shows why the chain is ahead of schedule. From launch on April 27, 2026 to block 138,995, blocks averaged about 120 seconds. At the target pace only about 85,800 blocks would exist by now, so the chain is roughly 53,000 blocks ahead. Over the most recent stretch, from block 134,397 on October 27 to block 138,995, blocks averaged about 182 seconds: close to the target, still a little fast. Our guide to Pearl block time and difficulty explains why.
How daily emission changes over time
The reward falls a little with every block, so daily emission slowly declines even at a steady block time. The drop is gradual: at the current height the reward shrinks by only a few PEARL per day. Over longer stretches it adds up:
| Block height | When | Reward per block | PEARL per day at target pace |
|---|---|---|---|
| 1 | April 27, 2026 (launch) | 3,229.64 | About 1.44 million |
| 138,995 | Early November 2026 | About 2,192 | About 976,000 |
| 269,333 | Future | About 1,615 (half of block 1) | About 719,000 |
| 650,226 | Future | About 807 (a quarter of block 1) | About 360,000 |
Because the chain is ahead of schedule, those future heights will arrive sooner than a calendar built on 194 second blocks would suggest, unless block times settle at the target.
How to estimate your share as a miner
Every miner on the network competes for the same daily pot. A rough estimate of your share:
your PEARL per day ≈ daily emission × (your hashrate / network hashrate) × (1 − pool fee)
- Your hashrate is measured in TH/s (tera matrix multiplications per second). AlphaMine reported about 150 to 160 TH/s for an RTX 4090 in May 2026, and Kryptex lists 220 TH/s for an RTX 5090.
- Network hashrate moves with difficulty. Check it on the live dashboards listed in our Pearl network stats guide.
- Pool fee varies by pool. The official Pearl Research pool charges 20% and accepts H100 and H200 only. See Pearl mining pools compared.
Turning PEARL per day into money also needs the PEARL price and your electricity or rental cost. Our Pearl mining profitability guide covers the rest of the math.
What it means for supply
About 1 million new PEARL per day on a base of about 370 million is fast growth in percentage terms. At the target pace, the next 365 days would add roughly 295 million PEARL, about 80% of the current supply. That rate falls each year as the reward shrinks and the supply grows. See Pearl’s inflation rate, year by year for the full picture.
Where to go next
- Want to start mining? Read how to mine Pearl.
- Need a payout address? Oyster’s miner mode gives you one fixed prl1p address to paste into your pool. See the mining payout wallet guide and the mining docs.
- New to Pearl? Start with what is Pearl (PEARL).
Frequently asked questions
How much PEARL is mined per day?
As of November 5, 2026, roughly 976,000 PEARL per day if blocks arrive at the 194 second target, or about 1.04 million PEARL per day at the recent pace of about 182 seconds per block. The block reward at that point was about 2,192 PEARL.
What is the current Pearl block reward?
At block 138,995, reached in early November 2026, the formula gives about 2,192.23 PEARL per block. The reward shrinks a tiny amount with every block, so it is slightly lower each day. Miners also collect transaction fees.
Why does daily PEARL emission change if the reward is fixed by a formula?
The formula fixes the reward per block height, not per day. Daily emission is the reward multiplied by the number of blocks found that day, and block times vary around the 194 second target. Faster blocks mean more PEARL per calendar day.
How much PEARL has been mined in total?
About 369.85 million PEARL at block 138,995, which is about 17.6% of the 2.1 billion maximum supply. There was no premine, so all of it was mined.
