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BITCOIN HALVING CLOCK

98 days
16 hours
42 minutes
32 seconds
621 ms

Estimated 2024 Halving Date: April 17, 2024


Tweet / X share! Only 98 days left until the halving!
Blocks Until Halving: 14,930
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 * What is the Halving?
 * What's the Significance?
 * Chart
 * Schedule
 * How Does it Affect Miners?
 * When is It?
 * Halving History
 * Halving Calculator
 * Parties
 * About Our Estimates
 * News


WHAT IS THE BITCOIN HALVING (HALVENING)?

New bitcoins are issued by the Bitcoin network every 10 minutes.

For the first four years of Bitcoin's existence, the amount of new bitcoins
issued every 10 minutes was 50. Every four years, this number is cut in half.
The day the amount halves is called a "halving" or "halvening".

 * In the 2012 halving, the amount of new bitcoins (BTC) issued every 10 minutes
   dropped from 50 bitcoins to 25.
 * In 2016, it dropped from 25 BTC to 12.5 BTC.
 * In the most recent May 11, 2020 halving, the reward dropped from 12.5 to 6.25
   BTC per block.

In the 2024 halving, the reward will drop from 6.25 BTC per block to 3.125 BTC.


WHAT IS THE SIGNIFICANCE OF THE BITCOIN BLOCK HALVING?

The halving decreases the amount of new bitcoins generated per block. This means
the supply of new bitcoins is lower, making buying more expensive.

In normal markets, lower supply with steady demand usually leads to higher
prices. Since the halving reduces the supply of new bitcoins, and demand usually
remains steady, the halving has usually preceded some of Bitcoin's largest runs.

In the image below, the vertical blue lines indicate the previous three halvings
(2012-11-28, 2016-7-9, and 2020-5-11). Note how the price has jumped
significantly after each halving.







BITCOIN HALVING CHART

In the image below, you can see Bitcoin's inflation rate during each period.

Each halving lowers Bitcoin's inflation rate. The orange line is Bitcoin's
inflation rate during a given period, while the blue line is the total number of
bitcoins issued.

➤ MORE: How many bitcoins are there?


BITCOIN HALVING SCHEDULE

The Bitcoin halving is scheduled in block height, not date.

The halving happens every 210,000 blocks. The 2024 halving will happen on block
840,000.


WHAT HAPPENS TO MINERS DURING HALVINGS?

Many always speculate that miners will shut down after the halving. The reality
is most miners are very smart and price in the halving, so they don't end up
shutting down any miners.

➤ MORE: 61 companies that own bitcoins


WHEN IS THE 2024 BITCOIN HALVING?

The 2024 halving will likely occur in April 2024. There is a small chance it
will happen in either March or May. Our most updated estimate is displayed at
the top of this page.


BITCOIN HALVING DATES HISTORY

This section will take a look at the previous three halvings.


2012 HALVING

The 2012 block halving was the first halving and happened on November 28th,
2012. The halving block was mined by SlushPool by someone using a Radeon HD 5800
miner.

 * New BTC Per Block Before: 50 BTC per block
 * New BTC Per Block After: 25 BTC per block
 * Price on Halving Day: $12.35
 * Price 150 Days Later: $127.00


2016 HALVING

The 2016 halving was Bitcoin's second halving and occurred on July 9th, 2016.

 * New BTC Per Block Before: 25 BTC per block
 * New BTC Per Block After: 12.5 BTC per block
 * Price on Halving Day: $650.63
 * Price 150 Days Later: $758.81


2020 HALVING

The 2020 halving was the third halving occurred on May 11, 2020.

 * New BTC Per Block Before: 12.5 BTC per block
 * New BTC Per Block After: 6.25 BTC per block
 * Price on Halving Day: $8821.42
 * Price 150 Days Later: $10,943.00

➤ MORE: Bitcoin uptime tracker


HALVING CALCULATOR

Enter a custom block time and get an estimate of the 2024 halving date.

Block Time (minutes): Calculate Estimated Halving Date


ESTIMATES BASED ON YOUR BLOCK TIME:

Latest Block:

2024 Halving Block:

Estimated 2024 Halving Date:


2028 THROUGH 2060 HALVING DATE ESTIMATES

We'll adjust this based on block times, but as of now here are the estimates for
the 2028 through 2060 Bitcoin halvings.

Halving Year Estimated Date (UTC) 2028 halving April 10, 2028 2032 halving April
14, 2032 2036 halving April 18, 2036 2040 halving April 21, 2040 2044 halving
April 25, 2044 2048 halving April 29, 2048 2052 halving May 2, 2052 2056 halving
May 6, 2056 2060 halving May 10, 2060


CURRENT BITCOIN BLOCK SUBSIDY

The current Bitcoin block subsidy is 6.25 bitcoins per block. When block 840,000
is hit in 2024, the subsidy will drop to 3.125 bitcoins (BTC) per block.


BITCOIN HALVING PARTIES

There is a major Bitcoin halving party happening in El Salvador in April. Visit
bitcoinhalvingparty.com for more info.


WHEN WILL ALL 21 MILLION BITCOINS BE MINED?

All 21 million bitcoins (BTC) will be mined by 2140. But more than 98% will be
mined by 2030.


WHAT IS THE BITCOIN CLOCK?

The Bitcoin clock has been around since 2011. In 2018, the owner let the domain
expire. We revamped the site and restored it to its original vision.


IS THE HALVING NECESSARY?

The halving is necessary. This is how Bitcoin controls its supply. Once the
block subsidy expires, transaction fees will be paid to miners for securing the
network.


WHY OUR ESTIMATES ARE THE MOST ACCURATE

Most of the other halving date estimators use 10-minute blocks to calculate the
estimated halving date.

Blocks, however, have been mined at less than 10-minute intervals for almost all
of Bitcoin's history.

Our calculator uses live blockchain data to get the average block time for the
past two months. We then use this block time (currently 9.3583 minutes between
blocks) to estimate the halving date.

While most of the other sites estimate the halving for May, the more likely
outcome is an April 2024 reward halving.


WHAT IS THE CURRENT BITCOIN BLOCK REWARD?

Currently, there are 6.25 new bitcoins issued per block.



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LATEST HALVING NEWS

Bitcoin Halving Less than 200 Days Away

Countdown Begins: Bitcoin Halving Expected in Less Than 250 Days

ABOUT THE AUTHOR

Jordan Tuwiner

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. He studied computer
science at Towson University and holds an online degree in trading &
cryptocurrency. Jordan has been writing about Bitcoin since 2015. His work has
been featured in The Guardian, International Business Times, Forbes,
VentureBeat, CoinDesk and many other top Bitcoin media outlets.



Article Sources

BuyBitcoinWorldWide writers are subject-matter experts and base their articles
on firsthand information, like interviews with experts, white papers or original
studies and experience. We also use trusted research and studies from other
well-known sources. You can learn more about our editorial guidelines.

 1. What Is Bitcoin ‘Halving’ and Will It Push Up the Cryptocurrency’s Price? -
    Washington Post,
    https://www.washingtonpost.com/business/2023/04/24/what-is-bitcoin-halving-and-does-it-push-up-the-cryptocurrency-s-price-q-a/2cd169a6-e27f-11ed-9696-8e874fd710b8_story.html
 2. Bitcoin is one year away from a major technical event. History suggests the
    start of another bull run - CNBC,
    https://www.cnbc.com/2023/04/12/bitcoin-halving-is-one-year-away-that-could-suggest-another-bull-run.html
 3. Bitcoin ‘Halving’ Due Next Year Spurs Predictions of Rally in Token Past
    $50,000 - Bloomberg,
    https://www.bloomberg.com/news/articles/2023-04-23/bitcoin-btc-halving-in-2024-spurs-predictions-of-rally-past-50-000

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