How come the bitcoin blockchain is only 285gb only? I found some statistics that the bitcoin blockchain is 285gb.
https://www.statista.com/statistics/647523/worldwide-bitcoin-blockchain-size/
Bitcoin has been around for how long? 10 years?
with 1mb blocks every 10 mins.
6mb an hour * 24 = 144mb a day * 365 = 52,5 gb a year * 10 = 520gb
How come it's significantly smaller?
Are my calculations wrong?
Any factor limiting the size of a block is a maximum, there’s no minimum requirement.