Bitcoin Reaches Halving Halfway Mark with 90k Blocks Left

Bitcoin has quietly crossed the halfway mark in its march towards the next block reward halving. Approximately 57% of the 210,000 blocks needed to trigger the event have been mined, leaving roughly 90,170 blocks standing between the network and another cut to miner rewards.

The current block height sits at around 959,700 to 959,828, with the next halving programmed to fire at block 1,050,000. At the network's current pace, this puts the estimated date somewhere between April 13 and April 17, 2028.

When that block hits, the mining reward will drop from 3.125 BTC per block to 1.5625 BTC. This is a significant reduction, especially considering that each halving event compresses the remaining issuance into an ever-smaller trickle.

Over 94% of all Bitcoin that will ever exist has already been mined. By the time the 2028 halving arrives, miners will be competing for just 1.5625 BTC per block.