btc halving countdown

significantly after each halving. Blocks left . The second one is that the security of the network may go down if the price does not increase. An example of a Coinbase transaction can be found here. Today, a mere 3 months later, the money supply stands at a whopping $4.87 The amount of bitcoins rewarded for each block decreases with time: it is halved every 210000 blocks. The next halving will be the third halving, and. See20 cryptocurrencies halving dates on our, Bitcoin address: 17yHNjGuAV83CPLm8opc2DSoKfSF4Ku749. The third halving on May 2020 reduced the . So far this has . The 2024 halving will likely occur between February 2024 and June 2024. Forks modify the rules of a blockchain. This lowers the rate at which Bitcoins are generated. Up to this point in the text, we've discussed everything from the Bitcoin halving dates and the history of the processall the way to price predictions and deep analysis of the concept of "halving" as it pertains to BTC. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. The first halving event occurred on the 28th of November, 2012 (UTC) at block height 210,000 The second halving event occurred on the 9th of July, 2016 (UTC) at block height 420,000 The third halving event occurred on the 11th of May, 2020 (UTC) at block height 630,000 Past halving price performance AltcoinsBOX love cryptocurrency and our team are here to bring you professional altcoins news. In other words: Bitcoin halving = BTC mining rewards get cut in half = half the supply of new BTC coming into the market. Bitcoin miningrefers to the process of digitally adding transaction records to the blockchain. On our Bitcoin Mempool dashboard, you can filter the transactions in the mempool by fee per kilobyte and on transaction pages of transactions that are waiting to be processed, we state the priority of processing. Every time a miner solves a mathematical problem on a block in the Bitcoin blockchain, he is rewarded with Bitcoin. Whether you're looking forward to the Bitcoin halving of 2024 or are researching this concept as a whole, it's undeniable that these once-every-4-years events hold a lot of significance to multiple different groups of people. Codecademy VS Udacity: What's the Better Data Science Learning Platform? The reality is most miners are very smart and There are two count downs for the Bitcoin halving. in a sea of stimulus-crazed fiat economies. Throughout 2021, the entire cryptocurrency market saw a huge surge in popularity, which, in turn, influenced the price growth of most cryptocurrencies. Disclaimer: This article is for informational purposes only. The corresponding bitcoin block. Then, after the halving happened, it peaked at nearly $19,000 - an increase of over 2,900%. Block halving events happen every 4 years on the Bitcoin blockchain. Now, prior to the next difficulty rise, the hashrate has continued to remain strong and block times at the time of writing are around 7:65 minutes. That being said, let's take a look at how much the BTC price rose during the past Bitcoin halvings, percentage-wise. After the halving, BTC reached a record price of $67,549before once again crashing down to around $20,000and staying in that range for a while. To better understand Bitcoin halving, how new Bitcoins are created and added to the crypto market, we will be explaining the term Bitcoin Mining and how it works. Sequel to the halving, bitcoins value rose to three times its previous All-time-high, hitting a new high of $67,000. So, if the block time decreases to 9 minutes then the ETA will be sooner than expected, and vice versa. That is, the last bitcoin is expected to be mined in the year 2140. Altcoins tend to perform better when Bitcoin is ranging or consolidating at an area of major support or resistance. This, in turn, makes the Bitcoin network less secure, as there are fewer miners to verify transactions and prevent attacks on the network - a really tricky situation to be in! Prices stood at $12 when the mining reward was first cut in November 2012, and stood at $652. Well, the block time is NOT always 10 minutes. its goal of becoming the hardest money known to man. Complete Beginner Tasks & Win Awesome Prize, Scan the QR code to download the mobile APP. Claim your $600 Welcome Voucher for completing simple tasks on Binance. The halving is periodic and is programmed into Bitcoin's code. How to Withdraw Buying Power From Robinhood, How to Use CoinGames: A Step-by-Step Tutorial, How to Trade NFTs Safely? When all bitcoins are mined, miners incentivization will be sustained by transaction fees paid by users of the bitcoin blockchain. Let us know what you think about this subject in the comments section below. In 2016, it dropped from 25 to 12.5. Bitcoin Block Reward Halving Countdown. You can also check my top list ofBest Bitcoin Exchanges To Trade With. All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (Site) is for your general information only, procured from third party sources. Bitcoin block reward will decrease from 6.25 to 3.125 coins in approximately. The next halving will be the third halving, and. We are here to give you a detailed explanation of everything you need to know. Four years after bitcoins genesis block and after over 10 million bitcoins and 210,000 blocks have been mined, the first halving occurred on November 28, 2012. The most recent (2020) halving reduced bitcoin emission from 12.5 bitcoin per block to 6.25 bitcoin per block. Get daily free spin up to 8.88 BTC. Bitcoin halving ETA date: 04/29/2024 5:32 AM Total bitcoin left to mine 1,696,612.5 Bitcoin price $23,498.34 Blocks until halving For a more detailed analysis of each of the exchanges on our list, check out our full guide on How to Buy Bitcoin. the halving, so they don't end up shutting down any miners. Have you always wondered what the Bitcoin Halving buzz is all about? fiat currencies (like the US dollar), inflate over time as its monetary supply increases, leading to a decrease in purchasing power. Looking in the Bitcoin halving chart we can see a clear trend of the Bitcoin price going up massively after every Bitcoin halvings. (Animated Explainer For Beginners), Hot VS Cold Wallet: Which One Do YOU Need? Bitcoin halving is an event that occurs every four years and reduces the block reward for verifying transactions on the Bitcoin network. Is the BTC halving a major event? Hey, Im Astra - your gateway to the Learnoverse. All Bitcoin Halvind Dates. Historical data indicates a positive effect of the expected scarcity on the investors psychology. the halving event. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. Hashrate could return to former values if bitcoins price continues to rise and miners see profitability in running a mine again. It's estimated that the next Bitcoin halving will happen in March 2024. Like gold, the premise is that over time, the issuance of bitcoins will decrease and thus become scarcer over time. When the supply of an asset is getting more scarce over time, this encourages saving and delaying Even though there's nothing that can be done during or after the Bitcoin halving countdown, it's always a good idea to find a reliable platform that has a proven track record to trade Bitcoin. This is known as the Bitcoin Halving. As I've already established, based on the Bitcoin halving schedule, which is estimated every 4 years or so, the rewards that miners receive and the number of Bitcoin mined are reduced in half. Halving Block reward 50% Bitcoin . If you want to compare the different exchanges against each other, you can check out our full list of Bitcoin exchanges. While it's really a "sum of its parts" type of deal, whenever a Bitcoin halving event takes place, most of the major cryptocurrencies appear to get affected as well. Bitcoin Halving Countdown | CoinGecko Search Coins: 12306 Exchanges: 667 Market Cap: $1,128,199,209,978 2.1% 24h Vol: $56,413,051,585 Dominance: BTC 40.3% ETH 17.5% Gas: 23 GWEI Cryptocurrencies Bitcoin Bitcoin Halving Bitcoin Halving Bitcoin block reward will decrease from 6.25 to 3.125 coins in approximately Current Block at It then uses Just keep an eye onApril 26, 2024. While you could pull any number out and present it as a feasible price target, the reality of the crypto market is often far more complex. No one knows why Satoshi Nakamoto chose the 21 million Bitcoins limit or why the inflation is cut in half every four years. The fourth Bitcoin block reward halving is scheduled for May 1, 2024 (approximately). Bitcoin has a limited supply of 21 million bitcoins which means that it is not possible to provide mining rewards forever. Solo miners can team up and join a mining pool - this makes solo mining much more approachable, albeit it still doesn't solve the core, underlying issue at hand. The Bitcoin halving is scheduled in block height, not date. Non-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. This website uses cookies for functionality, analytics and advertising purposes as described in our. Crypto traders who took advantage of this halving in the past by accumulating Bitcoin have all seen more than 500% return on their investment after every halving. This countdown gives us a good estimate of the approximate arrival of the halving. Participate in parachain auctions & receive rewards. Treehouse VS Udemy: What's the Better Choice for Programmers? Bitcoin's initial block reward was 50 BTC. So, following that logic, the BTC price prediction for the 2024 halving could be an increase of approximately 200% from its lowest point. Before the last halving in 2020, Bitcoin's price was at around $9,000. Bitcoin Halving Countdown. Miners will continue to confirm Bitcoin transactions, but will only receive BTC fees as a reward, because after 64 halvings of the initial reward of 50 BTC, the block reward will be zero. Bitcoin Core Github 210,000 This is because, a new block is added approximately every 10 minutes, but the block time changes from day-to-day. The number of new bitcoins that are created via the block reward is reduced by half every four years. The third halving occurred on May 11, 2020. This is known as monetary debasement by inflation. Bitcoin halving ETA date: 02/13/2024 3:23 PM 426 Days 8 Hours 59 Minutes 55 Seconds Countdown based on average block generation time of 10.00 minutes. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. 13 Hours. Tng s Bitcoin c khai thc bi cc th m trn mi khi s gim t 6,25 xung cn 3,125 BTC trong mt na Bitcoin tip theo. If you position your crypto portfolio well, there is a very high probability that you will take full advantage of the next halving and make huge returns from it. Bymining, you can earncryptocurrencywithout having to put down money for it. Between the second and the third halving, BTC lingered at around the $650 mark. The next Bitcoin halving is scheduled to take place in 2024 at block 840,000. European options group with put and call options of different strike prices and exercise dates. Debt is the main ingredient of the fiat supply schedule. Track Crypto Portfolio, Get Signals & Earn. Then in 2017 it went from $700 to $18000 (25x). If the difficulty rises 13% on Monday and bitcoins price stays at $19.5K, the daily revenue would decrease to $70 per (petahash) PH/s, Blocksbridge Consultings Miner Weekly issue #17 notes. However, a more specific measurement is that the halving takes place every 210,000 blocks. Principal and return are guaranteed with always over 100% collateral from your counterparties. Thenext bitcoin halvingis expected around 2024 and will cut the block reward to 3.125BTC. The Bitcoin block mining reward halves every 210,000 blocks, the coin reward will decrease from 12.5 to 6.25 coins. Historical price action can never guarantee future price action. This would mean that after the halving not 1800 bitcoins, but only 900 bitcoins are freshly supplied to the market every day. The halving date is estimated to be around May 13th, 2020. Make your tax reporting and accounting less of a hassle. However, while most halving countdown clocks leverage the ten-minute average, the countdown leveraging the most current block intervals of around 7:65 minutes shows the halving could occur in 2023. The Halving Countdown Clock For investors looking beyond 2023, the next halving event will become an area of focus in late 2023. After doing some research, those same people might become interested in acquiring other cryptocurrencies themselves. What is a block halving event? On the day of the halving, you will find out if there is a big movement in bitcoin price before halving and what will be the price of bitcoin after halving. Earn interest on your idle funds. Bitcoin Halvening Countdown Party The current Bitcoin block subsidy is 6.25 bitcoins per block. BitDegree Crypto Learning Hub aims to uncover, simplify & share cryptocurrency education with the masses. In order to fully comprehend the process of halving, you first need to understand how the underlying technology behind Bitcoin - its blockchain - works. This countdown gives us a good estimate of the approximate arrival of the halving. As bitcoins become Find the best and most-trusted Bitcoin wallets, Bitcoin mining hardware, software, cloud mining, and pools, Find the nearest Bitcoin ATM and Kiosk locations, Insights on Bitcoin and the evolving decentralized sector at large. Always verified information from the Genesis code. In other words, the cryptocurrency market appears to follow a roughly 4-year pattern between each bull run, with the bearish sentiments lingering in between. The 21 million bitcoins in existence are scheduled to be mined through the year 2140. It happens every 210,000 blocks. Note how the price has jumped What is Copy Trading in Crypto? This is when the future supply of Bitcoin gets cut in half. The second halving is scheduled to happen in 2024 - once again, for a more precise timeframe, check out our countdown above. The Bitcoin halving prediction is based on the latest block height of 778,862 and the average block time for the last one thousand blocks, which is currently at 590 seconds per block. The chart below illustrates the developments in tokenomics and miners rewards as a result of bitcoin halving. The 2024 halving will happen on block 840,000. You can also check Bitcoin market data (price, volume, transaction, total supply) and more. Since you're looking for Bitcoin halving dates, you're probably already well aware that Bitcoin is built on a unique piece of technology known as "the blockchain". BTC price before halving, BTC price after halving. Ethereum's block reward does not halve like Bitcoin's, so there is no countdown. The total number of BTC that will ever exist, however, is 21 million - so, there are fewer than 2 million BTC left to be mined. About 900 bitcoins are mined per day, currently. 7. According to a recent blog post from Blocksbridge Consulting, the difficulty change and low price range could give bitcoin miners a headache from loss of profits. Track your favorite coin easily with CoinGecko , Password must contain at least 8 characters including 1 uppercase letter, 1 lowercase letter, 1 number, and 1 special character. This is a regular occurrence that happens on a schedule that's built into Bitcoin's programming. This means the supply of new bitcoins is lower, making buying more expensive. When the Bitcoin hash rate increases dramatically. miners. Elsewhere in the world, the stats arent any better. How to write and publish ethereum tokens in solidity, How to create smart contract to mint NFTs on polygon blockchain, What is Wash Trading: Crypto's Illegal Trading Activities, Best Crypto Trading Signals for 2023 and Beyond. Bitcoinsensus will not be held liable for any losses that you may incur by speculating in the market. At that time the Bitcoin block reward dropped from 12.5 BTC and cut in half to 6.25 BTC. The next is expected to . The opinions expressed on Bitcoinsensus does not constitute investment advice and independent financial advice should be sought where appropriate. Central banks convene their committee regularly to set the monetary policy of their countries. When block 840,000 is hit in 2024, the subsidy will Bitcoin halving reduces mining rewards in half; Its purpose is to cause artificial BTC price inflation; In the past, BTC halvings have been followed by large price increases, and then significant drops afterward; While many cryptocurrencies have halving mechanics built into them, Bitcoin halvings are still the most significant and receive the most attention and news coverage. What is Bitcoin halving effect on price? To gain more information on how to partake in this coming Bitcoin Bull run and trade this cryptocurrency, you can read myHow To Trade BitcoinGuide. Bitcoin BTC, -0.46% halvings are events baked into the Bitcoin protocol and they trigger approximately every 4 years. On top of that, it's also important to mention that the Bitcoin halving cycle tends to correlate with the average crypto market's cycle, too. The process by which new coins come onto the market was carefully engineered to drive Bitcoin towards OK! The next halving will be the third halving, and. Almost 90% of bitcoins total supply has been mined. We will discuss what happens in a Bitcoin halving, why it is a big deal for those involved with bitcoin mining, and its impacts on . The effect is that the halving could happen sooner than previously expected and vice versa. Tuesday Apr 02, 2024 By reducing the rewards of mining Bitcoin as more blocks. rewarded with newly minted Bitcoin in exchange for processing Bitcoin transactions and securing the Based on the Bitcoin code, all Bitcoins will be mined and in circulation by 2140, which leaves significant time ahead for global adoption and gradual growth of the network. Minutes. When I wrote the article Bitcoin Halving Countdown (Bitcoin Halving Dates and Price History) I analyzed statistics from various reliable sources. * Litecoin halving 2023 countdown prediction is based on the Litecoin block time of 150 seconds. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. We strive to present all the information & pricing as accurately as possible, but we cannot ensure that the data is always up to date. He has a passion for Bitcoin, open-source code, and decentralized applications. 2,099,999,997,690,000 satoshis, or almost 21 million bitcoins, will be issued. Its global pandemic meets obscene debt levels, and the money printers are firing on all cylinders in a Check the analysis report on Top-rated Crypto Wallets that are safest for your funds. countries do not have the same luxury. On the Bitcoin Cash network, the block limit is 32 MB but often not fully utilized. The average block time is used by most people to estimate the halving. Reward Halving According to the Bitcoin blockchain protocol, the Bitcoin block reward is cut in half every 210,000. How can you take advantage of the next one. Many always Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. However, thanks to BTC halving, these 2 million Bitcoins won't be mined for another hundred years or so. After the first halving, this number was 25 BTC. Within the 2024 halving, the reward will drop . The inventor stipulated a 21 million Bitcoin limit to control the supply and therefore future price fluctuations. The chart below clearly shows the deflationary policy of Bitcoin, You can read more about inflation in the BTC network in a separate article with many tables and charts Bitcoin inflation rate. However, all of these Bitcoins are not mined yet. Other denominations are used: "reward drop", "reward halving", or simply "the halving" or "the Halvening" which is a popular meme among bitcoiners. Current Block at Update: As of July 2021, the Federal Reserves balance sheet grew from 4 Trillion to 6.7 Trillion What is a Bitcoin block halving event? Understanding Bitcoin halving might sound like a complicated task, but its easier than you think. It shows a consistent decrease in block rewards as the supply gradually slows down with each halving. Specifically, if you were to ask most miners what they think about the BTC halving cycle, the opinions that you'd get back would probably be quite two-sided. reached in 2140. A copy of the fractal pattern. In Bitcoin networks, the block reward started at 50 BTC per block, which already has been halved 2 times to 12.5 BTC per block now. The second halving took place on July 9, 2016. For bitcoin new halving occurs after an interval of 210,000 blocks or 4 years. When Bitcoin Halving occurs, the total amount of new Bitcoin awarded to a miner for validating a transaction on the Bitcoin network gets slashed in half. You Redman has been an active member of the cryptocurrency community since 2011. This makes an already-difficult process much more complicated! In this article, we will explain to you exactly what this Bitcoin halving is and why it is so important to you as a Bitcoin enthusiast. The orange line is Bitcoin's inflation rate during a given period, gratification. This makes it scarcer and theoretically more valuable. The lower is the number on the left, the faster the transaction gets into a block. How is our timer calculated? This is called a Coinbase transaction. With this strategy, you buy and store Bitcoin in your wallet address in anticipation of a coming price surge after the halving process is completed. Statistics from bitcoinsensus.com indicate that at 7:65 minutes per block interval, the halving could take place on or around December 19, 2023. Bitcoin Halving Countdown Ngy 09 thng 05 nm 2024 Bitcoin Halving l g? Today, there are over 19 million Bitcoins in circulation. While it's easy to think about investors and price changes, Bitcoin halving dates mean an entirely different thing to BTC miners. The current annual Bitcoin inflation is at 3.68% but after 2024 halving the inflation will be cut in half to approximately 1.80%. 3.125 coins per block post halving. However, while this tactic is popular, it's not guaranteed. Who's going: Blockware Solutions cofounder, Matt D'Souza and Head of Business Development at Unchained Capital, Parker Lewis are on at the expected halving time. One of the reasons why Bitcoin halving dates are as anticipated as they are is related to the price of BTC - or rather, what happens with it after the halving occurs. The inflation rate of gold is at 1.6%, and gold has a market cap of approximately $9 trillion dollars. Get the latest crypto news, updates, and reports by subscribing to our free newsletter. Follow our Bitcoin Halving Countdown to know how Bitcoin halving works. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. First halving was around $13.36. At this point, the Bitcoin block reward went down from 25 BTC to 12.5 BTC. The. blocks, or approximately four years. Below is a chart showing past price performance of the last three halving events: Halving event occurring every 210,000 blocks (approximately every 4 years), Block reward which starts at 50 and halves continually every halving event until it reaches 0 (approximately by year 2140), The first halving event occurred on the 28th of November, 2012 (UTC) at block height, The second halving event occurred on the 9th of July, 2016 (UTC) at block height, The third halving event occurred on the 11th of May, 2020 (UTC) at block height. On the 3rd of January 2009, thebitcoinnetwork came into existence with Satoshi Nakamoto mining the genesis block ofbitcoin(block number 0), which had a reward of 50bitcoins. When Bitcoin first started, 50 Bitcoins per block were given as a reward to miners. The Litecoin halving countdown timer predicts the next Litecoin halving date to occur on Wed, Aug 02, 2023 at 11:05:29 PM GMT *. Viabtcs Viawallet halving metrics show that eight blockchains are expected to see reward halvings or whats known as reward reductions. Dash expects a reward reduction on June 20, 2023, as rewards will shrink from 2.76 DASH to 2.56 DASH. Building up to the 2020 halving, bitcoins price rose about 40% thanks to investor behavior and the speculations that followed the event. The 2012 block halving was the first halving and happened on November 28th, 2012. Bitcoin Halvingl s kin m s phn thng Bitcoin c to ra trn mi khi s gim mt na (chia cho 2). To make our countdown more accurate we are using live blockchain statistics to obtain an estimation of the current average Bitcoin block time. At the same time, there are huge mining farms out there - entire companies that operate hundreds of mining rigs! Bitcoin ( BTC) Halving is the process where the rate and rewards for mining bitcoin are cut in half. No one knows why he chose this number, and the number itself does not matter. The next occurred on July 9, 2016, and the latest was on May 11, 2020. The block reward splits every 4 years. Set your wallet & get powerful insights backed by data. Privacy policy: At the Bitcoin halving 2024, the Bitcoin block reward is scheduled to drop from 6.25 Bitcoin per block to 3.125 Bitcoin per block. We can only guess what the price of Bitcoin will be on the fourth halving. In, approximately, the year 2140 there will be 21 million BTC in circulation. Cada halving reduz a taxa de inflao do Bitcoin. Since Bitcoin Cash was launched in 2017 and employed a different mining algorithm at the beginning, the first BCH halving date was April 8, 2020 - it was initiated at block 630,000. The date is not 100% clear, so keep an eye on our Bitcoin Halving Countdown Clock 2024. As documented in the code, the block subsidy will be halved every 210,000 blocks. Get a report on your address holdings for any timeframe. Bitcoin uses the Proof of Work system as the mining basis. Startup. This leads to a lag in the automatic difficulty adjustment. For this upcoming Bitcoin halving, the total number of Bitcoin mined by miners per block will be reduced from 6.25 BTC to 3.125 BTC. In 2012, the amount of new bitcoins issued every 10 minutes dropped from 50 bitcoins to 25. The Bitcoin halving prediction shown above is for the next halving set to occur in 2024. Bitcoin Halving 426 Days 13 Hours 9 Mins 54 Secs How Halvenings Work Bitcoin and other cryptocurrencies distribute their digital coins via miners who contribute processing power to the network. Bitcoin was designed as a deflationary currency. In May 2020, the number of bitcoin (BTC) entering . Hello traders, I offer you today the BTC halving countdown updated in real-time on your charts I inspired myself greatly from the gentleman @everget's script LTC halving countdown below ( The countdown date is coming from that source www.bitcoinblockhalf.com. True deflationary crypto coins designed to reduce supply over time. This reduction in supply helps to control the overall inflation rate of the cryptocurrency and maintain its scarcity. Bitcoins white paper featured an explanation for a constant reduction in emissions and the schedule for this event. Get huge savings on the biggest crypto brands with custom discounts & deals. You can see the date - May 11, 2020 - and the changes in BTC price - from around $9,000 to almost $70,000 a good year later. In the 2024 halving, the reward will drop from 6.25 BTC per block to 3.125 BTC. Pre-packed products that include assets linked to interest and derivatives, Earn income from fees by providing Dual-Assets liquidity to the market, Mining cryptocurrency without buying hardware. Size up the stablecoins sector with our new, Login to track your favorite coin easily . This would result in more people wanting to own Bitcoin, more traffic on the network, and more profits for the miners. spinning. In the latest Might 11, 2020 halving, the reward dropped from 12.5 to six.25 BTC per block. How to Avoid DeFi Scams While You Trade on dApps? Ventures. Secure your crypto assets with the smartest crypto wallet in the market. In order for those transactions to be confirmed as legitimate and the block to be added to the blockchain, some form of a validation process is required. You also get up to $200 in bonus when you signup and deposit usingour Bybit link. One mitigating factor to all of this is mining pools. The Bitcoin halving cycle happens every 210,000 blocks mined. After each halving, the price of Bitcoin has grownexponentially. It is also important to follow patterns of previous halving events for a clearer understanding of what's to come. Be the first in row to get this feature and the latest updates. The number of bitcoins generated per block decreases by half every 210,000 blocks, or approximately four years. Bitcoin Halving ? central bank-controlled fiat currencies is its unique supply schedule. the top of this page. The turquoise Bitcoin halving countdown is based on the average block time of 10-minutes. But just look at where it was a year later. Either way, the progress toward the next halving is still more than 60% complete, and when it occurs, bitcoin miner rewards will be reduced from 6.25 BTC to 3.125 BTC post halving. The halving (and mining reward) schedule currently looks like this: So, while miners used to receive 50 BTC as a reward for confirming a block back in 2009, throughout the years, this process has become much more competitive and difficult to do, and the rewards have dipped significantly, as well. Is There an Ethereum Block Bitcoin Halving Countdown Next Bitcoin Halving Dates.