The Halving

PERCENTAGE OF TOTAL BITCOINS MINED 93.48% CURRENT MINING REWARD PER BLOCK 6.25 BTC BLOCKS MINED BETWEEN EACH HALVING: 210,000 TOTAL BITCOINS IN CIRCULATION: 19.63M TOTAL BITCOINS TO EVER BE PRODUCED: 21,000,000 NEXT ESTIMATED HALVING DATE: APRIL 2024 RECORDED DATE: FEB 2024 A BITCOIN HALVING OCCURS WHEN THE REWARDS FOR MINING NEW BLOCKS IS HALVED, RESULTING IN MINERS RECEIVING 50% FEWER BITCOINS FOR SOLVING A NEW BLOCK. WHEN BITCOIN FIRST BEGAN, MINERS WERE REWARDED WITH 50 BITCOINS PER BLOCK. THE BLOCK REWARD IS HALVED EVERY 210,000 BLOCKS MINED (ROUGHLY EVERY 4 YEARS) AND WILL CONTINUE TO HALVE UNTIL THE REWARD PER BLOCK REACHES ZERO (AROUND YEAR 2140). A REDUCTION IN MINING REWARDS REDUCES THE NUMBER OF NEW BITCOINS ON THE MARKET.