Bitcoin Halving Countdown
Estimated countdown to the 5th Bitcoin Halving (Block 1,050,000)
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Block Progress to Next Halving
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Current Block Height
1,050,000
Halving Block Height
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Estimated Date
1.5625 BTC
New Block Reward
What is the Bitcoin Halving?
The Bitcoin Halving is a pre-programmed event written into the Bitcoin protocol source code that occurs every 210,000 blocks (roughly every 4 years). During this event, the reward given to miners for validating blocks is reduced by exactly 50%. This mechanism limits the rate at which new Bitcoins are generated, reinforcing its supply cap of 21 million coins and rendering Bitcoin a deflationary financial asset.
Historical Reward Schedule
- Genesis Block (2009): 50 BTC per block
- 1st Halving (2012): 25 BTC per block
- 2nd Halving (2016): 12.5 BTC per block
- 3rd Halving (2020): 6.25 BTC per block
- 4th Halving (2024): 3.125 BTC per block
- 5th Halving (Est. 2028): 1.5625 BTC per block