The event that will happen on Wednesday is exactly this; after block 210,000 hits, every block thereafter will have a reward of only 25 BTC instead of the original 50 – at least until the next block ...

A bitcoin halving event occurs every time an additional 210,000 blocks are added to the blockchain. The most recent halving event took place on April 19, 2024. The event cut the reward from 6.25 ...

Another 210,000 blocks passed before the rewards were cut in half again, falling to 12.5 new coins per block in the summer of 2016. ... After the halving at block number 630,000, ...

It’s estimated that because of built-in safeguards like halving events, which prevent too many blocks from being mined too quickly, all available bitcoin won’t be mined until 2140.

Today, the Bitcoin reward is 6.25 coins for each mined block. The network reduces that reward by half every 210,000 blocks. This is called a halving.

The first halving, implemented in 2012, reduced the per-block reward paid to miners to 25 BTC from 50 BTC. Over the next two halvings, the per-block supply fell to 6.25 BTC.

BTC halving will occur when the number of blocks reaches 840,000 in April 2024. Then, the reward per block will decrease from 6.25 to 3.125 BTC. Usually, the bitcoin price rises for about six ...