Bitcoin halving Countdown
What is a block halving?
A block halving is a key process in the cryptocurrency ecosystem that reduces the rate at which new cryptocurrency units are generated. This refers to the periodic events that decrease the block rewards given to miners, ultimately resulting in a limited supply of the cryptocurrency.
How does the Bitcoin block halving work?
The Bitcoin block halving is a significant event in the Bitcoin network that occurs every four years. Its main objective is to limit the total supply of Bitcoins and maintain their long-term value. The halving reduces the amount of Bitcoins generated per mined block, making it harder and more expensive for miners to produce new Bitcoins. This often results in an increase in Bitcoin's value in the market. Discover how the Bitcoin block halving works and its impact on Bitcoin mining.
Bitcoin Block Halving: Previous Occurrences
| Halving Year | Block Height | Block Reward | Date |
|---|---|---|---|
| 2024 | 840,000 | 3.125 | (PROJECTED) |
| 2020 | 630,000 | 6.25 | May 11, 2020 7:23:43 PM UTC |
| 2016 | 420,000 | 12.5 | July 9, 2016 4:46:13 PM UTC |
| 2012 | 210,000 | 25 | November 28, 2012 03:24:38 PM UTC |
| 2009 | 0 (Genesis Block) | 50 | January 3, 2009 6:15:05 PM UTC |