Bitcoin

365 Days To Bitcoin Halving: The Block Reward Will Be Reduced To 3.125 BTC

Key Points:

  • The Bitcoin halving is expected to occur on April 28, 2024.
  • The current block height is less than 365 days from the next halving.
  • Once all 32 halvings have occurred, no more Bitcoin will be created.
The Bitcoin halving is a key event that occurs every four years. The current block height is less than 365 days from the next halving, which is expected to occur on April 28, 2024.

The Bitcoin halving is an important event that occurs approximately every four years. During this event, the block reward provided to miners is reduced by half. The current Bitcoin block height is less than 365 days from the next halving event, expected to occur on April 28, 2024. Once all 32 halving events have occurred, no more Bitcoin will be created as the maximum supply will have been reached.

HalvingEst. DateBlock HeightBlock Reward (BTC)
0N/A050
111/28/2012210,00025
207/09/2016420,00012.5
32020630,0006.25
42024840,0003.125
520281,050,0001.5625
Source: Binance Academy

Halvings are significant because they ensure that coins will be issued steadily, following a predictable decaying rate. Such a controlled monetary inflation rate is one of the main differences between cryptocurrencies and traditional fiat currencies, which have an infinite supply. Bitcoin Halving is an essential function of the Bitcoin protocol, and the code can be found on the Bitcoin Core Github.

As of July 2019, there have only been two previous Bitcoin halving events. These occurred on the 28th of November, 2012, and the 9th of July, 2016. At the time of the first halving event, the price of Bitcoin was $12.31, and at the time of the second halving event, the price of Bitcoin was $650.63.

Source: Binance Academy

It is important to note that our countdown timer for the halving event factor in live blockchain statistics provides a more accurate estimation of the current average block time. According to Binance Academy, the Bitcoin halvings timer is calculated using the following formula:

(Halving block – Next block height) * Average time between blocks – estimated time until the next block.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Thana

Coincu News

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.

Recent Posts

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

19 mins ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

2 hours ago

Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…

3 hours ago

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

6 hours ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

9 hours ago

This website uses cookies.