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> minus a few percent to gravitational waves

They actually convert up to 42% of their mass into energy, mostly radiation

https://youtu.be/t-O-Qdh7VvQ



For normal matter inspiraling, yes, but a black hole which is falling into a black hole doesn't get to glow in gamma rays to try to escape :) they can only lose mass/energy by making splashes in spacetime itself (or hawking radiation)


I think this is over their lifetime, not when they merge?




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