Bitcoin halving progresses to 57%, with roughly 90,000 blocks left until 2028 reward cut

Bitcoin has quietly crossed the halfway mark on its march toward the next block reward halving. Approximately 57% of the 210,000 blocks needed to trigger the event have now been mined, leaving roughly 90,170 blocks standing between the network and another cut to miner rewards. Where the count stands Bitcoin’s current block height sits in the neighborhood of 959,700 to 959,828. The next halving is programmed to fire at block 1,050,000, which, at the network’s current pace, puts the estimated date somewhere between April 13 and April 17, 2028. When that block hits, the mining reward drops from 3.125 BTC per block to 1.5625 BTC. The last halving took place on April 20, 2024, when the reward was sliced from 6.25 BTC to the current 3.125 BTC. The scarcity math keeps getting more extreme Over 94% of all Bitcoin that will ever exist has already been mined. The network’s hard cap of 21 million BTC means that each halving event compresses the remaining issuance into an ever-smaller trickle. By the time the 2028 halving arrives, miners will be competing for just 1.5625 BTC per block. When Bitcoin launched in 2009, the reward was 50 BTC per block. That’s a 96.875% reduction across five halvin...