Rank: 1
BTC Price
Fourth Bitcoin Halving took place on 20 Apr 2024
The block reward has been reduced from 6.25 Bitcoins per block to 3.125 Bitcoins per block.
1240days
15hours
~ On 19 Dec, 2027 the block reward will be reduced from 3.125 Bitcoin per block to 1.5625 Bitcoin per block
854,101
Current block height
195,899
Blocks until halving
+ $38,572
1 year price change
+6.22%
Price change since last halving
Bitcoin halving is an event that reduces the rewards that miners receive for validating and adding new transactions to the blockchain by half and it occurs approximately every four years in the Bitcoin blockchain. This mechanism is designed to control the issuance of new bitcoins, limit the supply, and maintain Bitcoin's scarcity and value over time.
Hashrate value
TH/s
648,499,737,974
Difficulty value
82.05T
There have been three Bitcoin halvings since the launch of the Bitcoin blockchain. These previous halvings occurred in the following years:
First Halving: November 28, 2012; the block reward was reduced from 50 BTC per block to 25 BTC per block.
Second Halving: July 9, 2016; the block reward was reduced from 25 BTC per block to 12.5 BTC per block.
Third Halving: May 11, 2020; the block reward was reduced from 12.5 BTC per block to 6.25 BTC per block.
Fourth Halving: April 20, 2024; the block reward was reduced from 6.25 BTC per block to 3.125 BTC per block.
The next Bitcoin halving is expected to occur in March 2028, when the block height number hits 1,050,000. After that, the next block’s reward will be halved: 1.5625 BTC instead of 3.125 BTC.
The Bitcoin halving event, which is a process that reduces the reward for mining new Bitcoin blocks in half, has significant implications for miners, investors, traders, and users of the Bitcoin blockchain. These implications can be observed in both the short term and the long term. Let's explore some of the key implications in more detail:
Supply Scarcity
Price Volatility
Miner Economics
Hash Rate and Network Security
Long-Term Investment
Adoption and Awareness
Bitcoin halving occurs to control the issuance of new bitcoins and ensure the cryptocurrency's scarcity. Bitcoin's protocol limits the rate at which new bitcoins are created, gradually slowing down the growth of its total supply. This deliberate scarcity is designed to mimic the scarcity and controlled supply of precious commodities like gold, making Bitcoin an attractive store of value and a hedge against inflation.