Bitcoin Halving Countdown

Date of the next halving:
April 12, 2024.
Current blockchain height: 807,636.
The halving will occur at block: 840,000.

What is a block halving?

Block halving stands as a procedure aimed at reducing the pace at which new units of cryptocurrency are generated. Specifically, it pertains to periodic halving events that diminish the rewards allocated to miners.

How many Bitcoin halvings have there been previously?

As of July 2019, there have been just two prior instances of Bitcoin halving. These took place on November 28, 2012, and July 9, 2016.During the inaugural halving, Bitcoin was valued at $12.31, while the second halving event saw Bitcoin priced at $650.63.

It's crucial to note that only 32 Bitcoin halving events will ever transpire. Once all of these have taken place, halvings will cease, and there will be no further creation of Bitcoin as the maximum supply will have been attained.

Why are halvings significant?

Halvings are pivotal elements within cryptocurrency economic models, as they guarantee a consistent issuance of coins, following a foreseeable rate of decline.

This controlled approach to monetary expansion serves as one of the fundamental distinctions between cryptocurrencies and traditional fiat currencies, which essentially possess an infinite supply.

How does the Bitcoin block halving work?

The Bitcoin Halving represents a crucial aspect of the Bitcoin protocol. The underlying code responsible for the Bitcoin halving can be located in the Bitcoin Core Github repository.

A section of the code responsible for enabling the Bitcoin halving is shown below. As detailed within the code, the block subsidy undergoes a halving process every 210,000 blocks.

For more in-depth information, you can explore our glossary for additional resources on Halvings.

Detailed datasheet

Total BTC in circulation
19,484,225
Total BTC to ever be produced
21,000,000
Percentage of BTC mined
92.78%
BTC market cap (USD)
514,317,488,477
BTC generated each day
0
Approximate block time
10.25 Minutes
Created with