Note that with an upcoming upgrade to Babbage era, the protocol parameter coinsPerUTxOWord changes to coinsPerUTxOByte, which means that the price will be calculated per one byte instead of per eight bytes. The calculation will therefore look as follows: minUTxoVal = (160 + sizeInBytes (TxOut)) * coinsPerUTxOByte. For more details, see CIP-55.
Note that with an upcoming upgrade to Babbage era, the protocol parameter coinsPerUTxOWord changes to coinsPerUTxOByte, which means that the price will be calculated per one byte instead of per eight bytes. The calculation will therefore look as follows: minUTxoVal = (160 + sizeInBytes (TxOut)) * coinsPerUTxOByte. For more details, see CIP-55.