Every 210,000 blocks, the reward for mining Bitcoin is cut in half. Here is the live countdown to the next one, with the full history and what each halving has meant for the network.
Estimated for April 2028, with about 96,233 blocks to go. Block times vary, so the date is an estimate, not a fixed appointment.
Bitcoin pays miners new coins for every block they add to the chain. That payment started at 50 BTC back in 2009.
Roughly every four years, after another 210,000 blocks, that payment is cut in half. This rule is written into Bitcoin's code, so it runs on its own. No company, government, or person can move the date or skip it. It is the mechanism that keeps Bitcoin's supply on a fixed path toward a hard limit of 21 million coins.
Where to buy Bitcoin| Halving | Date | Block | Reward (BTC) | Price then | Cycle high after |
|---|---|---|---|---|---|
| #1 | Nov 28, 2012 | 210,000 | 50 → 25 | $12 | $1,150 |
| #2 | Jul 9, 2016 | 420,000 | 25 → 12.5 | $650 | $19,800 |
| #3 | May 11, 2020 | 630,000 | 12.5 → 6.25 | $8,600 | $69,000 |
| #4Current era | Apr 20, 2024 | 840,000 | 6.25 → 3.125 | $64,000 | Still open |
| #5Projected | 2028 (est.) | 1,050,000 | 3.125 → 1.5625 | — | — |
Prices are rounded approximations from public market data, shown to give a sense of scale. The fifth row is the projected next halving.
Each past halving was followed by a big run-up and then a deep pullback, on a rough two-year rhythm. The gains have gotten smaller every cycle. That is a pattern across only four halvings, not a rule you can count on.
Roughly 96x from the halving price to the cycle high that followed.
Roughly 30x from the halving price to the cycle high that followed.
Roughly 8x from the halving price to the cycle high that followed.
For learning, not advice. Four cycles is a small sample, prices move for many reasons, and past performance does not predict the future. Nothing on this page is financial advice.
Fewer new coins are created each day, while demand can keep growing. Less new supply is the whole point of the design.
The new-coin reward is the bulk of what miners make today. Over time they lean more on transaction fees instead.
Halvings are how Bitcoin reaches a fixed limit. The final coins are expected to be mined around the year 2140.
We will point you to an exchange that works in your country, with the payment method you already use.