Free tool · updated every 10 minutes
Countdown to the Bitcoin halving
Every 210,000 blocks, about every four years, the miners' reward is cut in half and fewer new bitcoin are created. See how long is left until the next one and what happened after the last ones.
Block height from mempool.space. The date is an estimate based on the average block time of the last 4 weeks.
#5 halving in
- 525days
- 01hours
- 09minutes
- 15sec.
64.7% of the cycle · 975,920 / 1,050,000
Estimate: Sunday 23 April 2028, around 11:00 Greek time
- 74,080blocks to go
- 975,920current block
- 10.2 minaverage block time
- 95.77%of the 21m mined
What changes
Half as many new bitcoin a day
At block 1,050,000 the reward drops from 3.125 to 1.5625 BTC. Miners will get half the new bitcoin for the same work, so half as much new supply reaches the market.
| Now | After the halving | |
|---|---|---|
| Reward per block | 3.125 BTC | 1.5625 BTC |
| New BTC a dayabout €25.7m a day today | ≈ 441 | ≈ 220 |
History
What the price did after past halvings
Bitcoin's daily close on Bitstamp, in dollars: on the day of the halving, a year later and at the top of the cycle that followed.
| Halving | Reward | Price on the day | A year later | Top of the cycle | Fall after the top |
|---|---|---|---|---|---|
| #1 · 28 Nov 2012block 210,000 | 25 BTC | $12.22 | $1,013+8,190% | $1,13293× in 371 days | −85%Jan 2015 |
| #2 · 9 Jul 2016block 420,000 | 12.5 BTC | $648 | $2,502+286% | $19,18830× in 525 days | −83%Dec 2018 |
| #3 · 11 May 2020block 630,000 | 6.25 BTC | $8,572 | $56,764+562% | $67,5597.9× in 546 days | −77%Nov 2022 |
| #4 · 20 Apr 2024block 840,000 | 3.125 BTC | $64,990 | $85,198+31% | $124,7281.9× in 534 days | −53%Jun 2026 |
Today: $64,333, −1% since the 2024 halving.
Four cycles are too few to make a rule. Each rise was smaller than the one before, and today's market has ETFs, institutions and a much bigger size. The halving is known in advance; it is not a signal to buy.
How we count
Where the date comes from
- 1The halving falls on a block, not a dateIt happens at block 1,050,000, whenever that is found. We read the chain's height from mempool.space every 10 minutes.
- 2The time comes from the paceThe blocks left times the average block time of the last 4,032 blocks (about 4 weeks). The target is 10 minutes, but when new miners join, blocks come faster.
- 3That is why the estimate movesThe closer we get, the more precise the date. Months ahead it can move by a few days or even weeks.
Get told on your phone as it gets close
Our Telegram bot sends a message when there are 100 days, a month, a week and a day to go, and when the halving happens. Free, no sign-up.
FAQ
When is the next Bitcoin halving?
At block 1,050,000. At today's pace that will be around 23 April 2028. The date is an estimate and changes a little every day, depending on how fast blocks are found.
What is the halving?
Bitcoin's rule that cuts the miners' reward in half every 210,000 blocks. It started at 50 BTC a block in 2009 and is 3.125 BTC today. New bitcoin are created ever more slowly, up to 21 million, around 2140.
Does the price always go up after a halving?
In the four halvings so far the price was higher a year later, and the cycle topped 12 to 18 months after. But each top was followed by a fall of 50% to 85%. Four times is not a rule, and the next one may be different.
What does it mean if I hold bitcoin?
Nothing directly: your bitcoin don't change. Only the number of new ones each day changes. The halving mostly affects miners, who get half for the same work.
How many halvings are left?
About 29. After 33 halvings in all, the reward becomes smaller than the smallest unit of bitcoin (1 satoshi) and stops, around 2140. From then on miners will be paid only by transaction fees.