Bitcoin nears next halving 79,974 blocks away

Bitcoin is approaching its next halving event, standing at block 970,026 as of October 5, 2026. The network is 79,974 blocks away from reaching block 1,050,000, which will trigger the next halving. This event will cut the mining reward in half, reducing the subsidy miners receive for each block.

The halving is scheduled to occur every 210,000 blocks. Given the network's target pace of 144 blocks per day, the subsidy cut will lower the daily issuance of new Bitcoin from 450 BTC to 225 BTC. The current reward of 3.125 BTC per block follows the 2024 halving at block 840,000, when the reward dropped from 6.25 BTC.

The exact calendar timing of the halving can vary because block production is not fixed. While the event is estimated for 2028, the precise date depends on the network's block production rate. The halving is a scheduled change to Bitcoin's issuance mechanism and does not directly determine how the asset's price will respond.