According to The Block’s Bitcoin Halving Countdown page, the Bitcoin halving event is less than one week away, or around 1,000 blocks.
The anticipated countdown is based on Bitcoin’s average block production time of 10 minutes, implying that the next halving block height of 840,000 might be reached on April 20 at roughly 9 a.m. UTC (5 a.m. ET). Bitcoin’s next halving event will result in a decline in the subsidy payment for network miners from 6.25 BTC to 3.125 BTC per block.
Bitcoin Halving Event Date History, Price
According to Bitcoin’s halving date history, the last three halvings occurred in 2012, 2016, and 2020. The first Bitcoin halving, or split, occurred in 2012 when the reward for mining a block decreased from 50 to 25 BTC.
On November 28, 2012, when the price of BTC was around $12, the first halving occurred; one year later, Bitcoin had grown to nearly $1,000.
The 2016 halving event reduced incentives to 12.5 BTC for every block mined. The second halving occurred on July 9, 2016, and Bitcoin’s price fell to $670 before rising to $2,550 by July 2017. Bitcoin reached an all-time high of over $19,700 in December 2017.
From May 11, 2020, each new block generated will produce only 6.25 BTC. Bitcoin’s price was $8,787 at the time of the most recent halving in May 2020, and it rose to an all-time high of nearly $69,000 by November 2021.
The halving events will continue until the last bitcoin, which is projected to be mined around 2140. After that, miners will only earn transaction fees.