What a halving is
Every Bitcoin block pays its miner a subsidy of newly issued coins. Every 210,000 blocks that subsidy is cut in half. It has happened four times so far, taking the reward from 50 BTC to 3.125 BTC.
Live dataUpdated
Bitcoin halving
The next halving
Block reward reduction
Time remaining
The halving block has been reached.
Progress to halving60.40%
Current block 966,844Halving block 1,050,000
Block reward
3.125 BTC
Current reward
1.5625 BTC
Next reward
Approximately every 210,000 blocks, the Bitcoin block subsidy is cut in half to control issuance and ensure scarcity.
Current block
966,844
Live blockchain data
Halving block
1,050,000
Fixed protocol target
Blocks remaining
83,156
Calculated
Estimated date
April 13, 2028
Estimated, subject to block-time variation
Calculated
Average block time
10 min
Protocol target, not a measurement
Assumption used above
Understanding the halving
Why it happens
The schedule is written into the consensus rules and is the whole of Bitcoin's monetary policy: issuance falls on a fixed curve towards a supply cap of 21 million, with no discretion and nobody to petition.
Why the date is an estimate
The countdown above multiplies the blocks remaining by 10 minutes, the protocol's difficulty target. Real block times vary with hash rate: faster blocks pull the date earlier, slower ones push it later, and difficulty only re-adjusts every 2,016 blocks. Expect the date to move.
Why the block height is authoritative
A halving is triggered by a block height, not a calendar date. Block 1,050,000 will halve the subsidy whenever it is mined, which is why the block figures on this page are exact and the date is not.
Block height from mempool.space. Dates are estimates and subject to change.