Statistics · 2026 · Crypto
Bitcoin Halving Statistics (2026)
Bitcoin has halved its block subsidy four times, most recently on April 20, 2024 at block 840,000, cutting the reward from 6.25 to 3.125 BTC per block. That works out to about 450 new bitcoin a day. The next halving comes at block 1,050,000, an estimated April 2028. About 95.7% of the 21 million bitcoin cap is already mined, per CoinGecko.
Key takeaways
- Bitcoin has had four halvings, in 2012, 2016, 2020 and 2024, and each one cut the block subsidy in half.
- The subsidy is now 3.125 BTC per block, or about 450 BTC a day at 144 blocks a day.
- The next halving is at block 1,050,000, with 80,382 blocks to go as of October 2, 2026, which is an estimated April 2028 at 10 minutes per block.
- In the 3 halvings covered by Coinbase prices, bitcoin’s daily close one year later rose by 282%, 563%, 35%, and the gains did not follow a steady trend.
- About 95.7% of bitcoin’s 21,000,000 cap is in circulation, leaving roughly 907,566 BTC to mine.
- Fees made up 0.83% of miner rewards in the latest 144 blocks, so the subsidy supplied the other 99.17%.
When were the bitcoin halvings?
Bitcoin has halved its block subsidy four times: on November 28, 2012, July 9, 2016, May 11, 2020, and April 20, 2024. Each halving fell at a block height that is a multiple of 210,000, from block 210,000 to block 840,000, and the reward dropped from 50 BTC to 3.125 BTC per block across the four events.
1. 4 halvings so far, the latest on April 20, 2024
The block subsidy has gone from 50 BTC to 3.125 BTC. The halving heights and dates come from mempool.space block timestamps (UTC dates) (WealthyBud data · 4 halvings · October 2, 2026).
2. One halving every 210,000 blocks
The Bitcoin.org developer documentation says the block subsidy “started at 50 bitcoins and is being halved every 210,000 blocks—approximately once every four years.” The schedule counts blocks, not calendar time.
3. Halvings have come 1,387 days apart on average
The 3 gaps between halvings average 1,387 days, about 3.8 years (WealthyBud’s calculation from the halving dates above).
4. Gaps ran from 1,319 to 1,440 days
The shortest gap was November 28, 2012 to July 9, 2016 (1,319 days) and the longest was May 11, 2020 to April 20, 2024 (1,440 days). Faster or slower mining against the 10-minute target moves each date.
How does the halving change bitcoin’s supply?
Each halving cuts the rate of new bitcoin by half while leaving the 21 million cap unchanged. The subsidy is now 3.125 BTC per block, which is about 450 BTC a day, or roughly 0.82% of the circulating supply per year. The schedule had issued 93.75% of the cap by the latest halving.
5. 3.125 BTC per block, about 450 BTC a day
The current subsidy times 144 blocks a day gives 450 BTC of new supply, and 164,250 BTC over a year at the 10-minute target (WealthyBud’s calculation). Actual daily block counts vary.
6. Share of the cap issued by each halving: 50% / 75% / 87.5% / 93.75%
Summing the schedule (210,000 blocks per era, subsidy halved each era) puts issuance at 50% by the 2012 halving, 75% by the 2016 halving, 87.5% by the 2020 halving, 93.75% by the 2024 halving (WealthyBud’s calculation from the protocol schedule).
7. Yearly issuance fell from 1.67% to 0.83% of supply at the 2024 halving
Measured against the schedule supply at that halving (19,687,500 BTC), annual issuance was 1.67% at 6.25 BTC per block and 0.83% at 3.125 BTC (WealthyBud’s calculation from the protocol schedule).
8. The cap is fixed at 21 million bitcoin
The Bitcoin.org FAQ states that “only 21 million bitcoins will ever be created.” Halvings change the pace of issuance, not the ceiling.
- The subsidy was 50 BTC per block at launch and is 3.125 BTC after the latest halving.
- At 144 blocks a day, the network now creates about 450 BTC a day, or 164,250 BTC a year.
- Before the April 20, 2024 halving, the subsidy was 6.25 BTC, so daily issuance fell from 900 BTC to 450 BTC.
- The halved subsidy is 6.25% of the original 50 BTC reward.
- Annual new supply equals about 0.82% of today’s circulating bitcoin.
When is the next halving?
The next halving is due at block 1,050,000. The chain tip stood at block 969,618 as of October 2, 2026, which leaves 80,382 blocks. At 10 minutes per block that is about 558 days, so WealthyBud estimates April 2028. This is an estimate, not a scheduled date, because block times vary.
9. Next halving at block 1,050,000, 80,382 blocks away
The chain tip was block 969,618 per mempool.space (WealthyBud data · chain tip · October 2, 2026). The halving happens at the first block of height 1,050,000.
10. Estimated date: April 2028 (an estimate)
80,382 blocks at 10 minutes each is 558 days. Adding that to October 2, 2026 gives roughly April 12, 2028. The real date moves with hashrate and difficulty, so treat this as a projection only.
11. The subsidy then falls to 1.5625 BTC, about 225 BTC a day
Half of 3.125 BTC is 1.5625 BTC per block (WealthyBud’s calculation). That is 3.125% of the original 50 BTC reward.
12. Blocks since 2024 have averaged 9.9 minutes
From April 20, 2024 to October 2, 2026 is 895 days and 129,618 blocks, or 9.9 minutes per block on average (WealthyBud’s calculation). The 10-minute target is the basis for the date estimate in this section.
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How did bitcoin’s price move after past halvings?
Using Coinbase daily closes from FRED, bitcoin closed higher one year after each of the 3 halvings it covers: +282% after 2016, +563% after 2020, +35% after 2024. That is a sample of just 3, each with other forces at work, so the pattern does not prove the halving caused the gains.
13. Close on halving day: $658 / $8,557 / $64,906
Coinbase daily closes on the 2016, 2020, 2024 halving dates, per FRED series CBBTCUSD (WealthyBud data · 3 halvings · October 2, 2026).
14. One year later: +282% / +563% / +35%
The close 365 days after each halving was $2,509 (+282%), $56,719 (+563%), $87,522 (+35%); the gains did not follow a steady trend, in percent terms (WealthyBud’s calculation).
15. Since the 2024 halving: +30.6%
The close on October 1, 2026 was $84,760, against $64,906 on halving day (WealthyBud’s calculation from FRED data). This is one point in time, not a full year-after reading.
16. The 2012 halving has no price here
The Coinbase series in FRED starts on December 1, 2014 and holds 4,288 daily closes, so it does not cover the November 28, 2012 halving. WealthyBud does not estimate a price for that date.
| Date | Block height | Subsidy after | BTC close on the day | Close one year later |
|---|---|---|---|---|
| November 28, 2012 | 210,000 | 25 BTC | n/a (before Coinbase series) | n/a |
| July 9, 2016 | 420,000 | 12.5 BTC | $658 | $2,509 (+282%) |
| May 11, 2020 | 630,000 | 6.25 BTC | $8,557 | $56,719 (+563%) |
| April 20, 2024 | 840,000 | 3.125 BTC | $64,906 | $87,522 (+35%) |
How much bitcoin is left to mine?
CoinGecko reports 20,092,434 BTC in circulation as of October 2, 2026, which is 95.68% of the 21,000,000 cap. That leaves about 907,566 BTC to mine. Before the next halving, miners can still earn about 251,194 BTC at the current subsidy, which is 28% of what remains.
17. 95.68% of the cap is in circulation
CoinGecko lists 20,092,434 BTC in circulation against a maximum supply of 21,000,000 BTC (WealthyBud data · bitcoin · CoinGecko · October 2, 2026). Its circulating figure can differ slightly from the protocol schedule.
18. About 907,566 BTC remain to be mined
The cap minus circulating supply is 907,566 BTC (WealthyBud’s calculation from CoinGecko data). Because each halving halves new issuance, the final fraction takes far longer to mine than the first.
19. 251,194 BTC will be issued before the next halving
80,382 blocks times 3.125 BTC is 251,194 BTC, about 28% of the remaining supply (WealthyBud’s calculation). See bitcoin statistics for the wider market picture.
What share of miner revenue comes from fees?
Transaction fees were 0.83% of miner rewards across the latest 144 blocks (blocks 969,475 to 969,618), per mempool.space data. The other 99.17% came from the subsidy. Each halving shrinks the subsidy, so fees must grow if total miner revenue is to hold steady.
20. Fees are 0.83% of block rewards
Over 144 blocks, miners earned 453.76 BTC, of which 3.76 BTC was fees, per mempool.space (WealthyBud data · 144 blocks · October 2, 2026). The share is WealthyBud’s calculation, and a 144-block window is about one day, so it moves daily.
21. Average reward 3.151 BTC per block, 0.0261 BTC of it fees
The 3.125 BTC subsidy plus 0.0261 BTC of average fees gives 3.151 BTC per block. Blocks averaged 4,086 transactions (WealthyBud data · 144 blocks · October 2, 2026).
22. The subsidy is worth about $38.1M a day
450 BTC a day at CoinGecko’s $84,683 price (October 2, 2026) is about $38.1 million (WealthyBud’s calculation). The price date differs from the block data, so it is an approximation. For mining economics see bitcoin mining statistics.
What this means for bitcoin holders
Supply is predictable. Issuance follows a published schedule, so the next subsidy cut is a known quantity: 1.5625 BTC per block at block 1,050,000. Plan around the schedule, not around a hoped-for price reaction.
Past price moves are a small sample. Only 3 halvings have Coinbase prices, and each coincided with other events. The 2024 cycle was smaller than the 2020 cycle, so returns need not repeat. Compare with the long record in bitcoin price history statistics.
Watch fees. With fees at 0.83% of rewards, miner income depends mostly on the subsidy for now. Read tokenomics statistics for how other coins handle supply, and look at Bitcoin for live market data.
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