Bitcoin miners receive a reward in bitcoins when they add a block to the blockchain. The block reward continually decreases by half every 210,000 blocks, which is approximately every four years. After each halving, it can become more expensive to mine bitcoins, unless the price of Bitcoin rises to offset the reduction in rewards.
The First Halving Was in 2012
In November 2012, the first halving took place when the price of Bitcoin was around $11. The next halving will occur in 2024 (see table below).
No More Coins in 2140
Although more than a century away, Bitcoin will be capped at 21 million coins in 2140, and miners will no longer obtain coin rewards from the mining process. They will only receive transaction fees.
The Last Halving Was April 19, 2024
At each halving, the number of reward coins becomes smaller. However, as long as the price of a bitcoin rises, the reward is meaningful. Stay tuned! See
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Block Miner Reward
Halving Date Height (BTC coins)
Jan 2009 0 50
Nov 2012 210,000 25
Jul 2016 420,000 12.5
May 2020 630,000 6.25
Apr 2024 840,000 3.125
The following dates are estimated:
Feb 2028 1,050,000 1.5625
Jan 2032 1,260,000 0.78125
Jan 2036 1,470,000 0.390625
Jan 2040 1,680,000 0.1953125
Jan 2044 1,890,000 0.09765625
Jan 2048 2,100,000 0.048828125