When is bitcoin's next halving?
Countdown to bitcoin halving:
Current block number:
Blocks remain for halving:
The next halving of bitcoin is predicted to occur in April 2024. The exact date is difficult to predict as it depends on the block height. Since halving takes place every 210,000 blocks, bitcoin’s next halving is expected in April 2024, when the block height will reach 840,000.
What is bitcoin halving?
A bitcoin halving is a scheduled event in which the reward for mining and verifying new blocks is reduced by 50%, with miners earning only half the BTC per block mined. Halving bitcoin, scheduled every 210,000 blocks, or roughly every four years, continues until the network produces a maximum total supply of 21 million BTC.
What happens when bitcoin halving takes place?
When bitcoin undergoes halving, the reward for mining a new block is halved. This reduces the rate at which new BTC is created, effectively lowering the cryptocurrency’s inflation rate. A halving event occurs approximately every four years and is part of bitcoin’s controlled supply to limit the total number of BTC to 21 million.
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