Bitcoin halving
The Bitcoin halving is a critical event that occurs once every 210,000 blocks, which equates to approximately once every four years.
The upcoming Bitcoin halving marks the fifth halving in Bitcoin history and will take place in:
- 1450Days
- 22Hours
- 50Minutes
- 0Seconds
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What is the Bitcoin halving?
Bitcoin halving
The Bitcoin halving, is a significant Bitcoin related event that occurs every 210,000 blocks, which equates to approximately once every four years. Which means, on average, every ~10 minutes, a block is mined on the Bitcoin blockchain.
Currently, miners receive a "block reward" of ₿ 3.125 for contributing hashpower to the Bitcoin network. During each halving, this block reward is cut in half.
After the upcoming halving, miners will receive ₿ 1.5625 for each block found.
Previous Bitcoin halvings
The upcoming Bitcoin halving will be the fifth halving in the history of Bitcoin. Previous halvings have occurred on:
- 20 April, 2024 (block: 840,000)
- 11 May, 2020 (block: 630,000)
- 9 July, 2016 (block: 420,000)
- 28 November, 2012 (block: 210,000)
The "block subsidy" - the number of bitcoins a miner receives for a mined block - has decreased from ₿ 50 per block to ₿ 25 per block, then to ₿ 12.5, then to ₿ 6.25 and is currently at ₿ 3.125.
Is the halving important?
The maximum amount of bitcoins that can ever be in circulation is fixed at 21 million. This gives Bitcoin a predictable and transparent nature.
The Bitcoin halving adds to this: it clearly indicates how many bitcoins are released over a specific time frame.
Each halving reduces the supply of new bitcoin entering the market, which can have a positive impact on the bitcoin price. The Bitcoin halving of 2028 is expected to take place in March. Check our halving countdown above for a more detailed view.
Blockheight to date converter
Ever wondered when a certain block is supposed to be mined? Based on Bitcoin's accurate mining schedule we can take a glimpse into the future to see when a block should be mined. Take note that the actual date can deviate from the projected date, as hashrate - the rate at which miners try to guess the new block - changes every minute.