Every 210,000 blocks (~4 years), the number of new Bitcoin created per block is cut in half — a built-in scarcity mechanism that slowly reduces supply until the last satoshi is mined around 2140.
We are currently in the 4th halving era out of 33. That means only 12% of Bitcoin's monetary schedule has played out. If this feels late — it's not. Below are all 33 halvings mapped across Bitcoin's 131-year journey.
Total Supply
21,000,000
% Mined
93.8%
Current Reward
3.1250 BTC
Halvings Left
29
Average 1-Year Gain After Halving
+2,252%
Based on 4 halvings with price data (#1, #2, #3, #4)
Block Height
0
Block Reward
50 BTC
Daily Issuance
7,200 BTC
Inflation Rate
100.0%
BTC in Circulation
0
Price at Halving
$0
Price 1 Year Later
$0.003
Block Height
210,000
Block Reward
5025 BTC
Daily Issuance
3,600 BTC
Inflation Rate
12.5%
BTC in Circulation
10,500,000
Price at Halving
$12
Price 1 Year Later
$1,017(+8,135%)
Block Height
420,000
Block Reward
2512.50 BTC
Daily Issuance
1,800 BTC
Inflation Rate
4.2%
BTC in Circulation
15,750,000
Price at Halving
$651
Price 1 Year Later
$2,550(+292%)
Block Height
630,000
Block Reward
12.506.2500 BTC
Daily Issuance
900 BTC
Inflation Rate
1.8%
BTC in Circulation
18,375,000
Price at Halving
$8,821
Price 1 Year Later
$56,704(+543%)
Block Height
840,000
Block Reward
6.25003.1250 BTC
Daily Issuance
450 BTC
Inflation Rate
0.834%
BTC in Circulation
19,687,500
Price at Halving
$63,907
Price 1 Year Later
$87,400(+37%)
Block Height
1,050,000
Block Reward
3.12501.5625 BTC
Daily Issuance
225 BTC
Inflation Rate
0.404%
BTC in Circulation
20,343,750
Block Height
1,260,000
Block Reward
1.56250.781250 BTC(78,125,000 sats)
Daily Issuance
113 BTC
Inflation Rate
0.199%
BTC in Circulation
20,671,875
Block Height
1,470,000
Block Reward
0.7812500.390625 BTC(39,062,500 sats)
Daily Issuance
56.25 BTC
Inflation Rate
0.099%
BTC in Circulation
20,835,938
Block Height
1,680,000
Block Reward
0.3906250.195313 BTC(19,531,250 sats)
Daily Issuance
28.13 BTC
Inflation Rate
0.049%
BTC in Circulation
20,917,969
Block Height
1,890,000
Block Reward
0.1953130.097656 BTC(9,765,625 sats)
Daily Issuance
14.06 BTC
Inflation Rate
0.024%
BTC in Circulation
20,958,984
Block Height
2,100,000
Block Reward
0.0976560.048828 BTC(4,882,813 sats)
Daily Issuance
7.03 BTC
Inflation Rate
0.012%
BTC in Circulation
20,979,492
Halvings #11 through #32
| # | Est. Year | Block | Reward |
|---|---|---|---|
| #11 | ~2053 | 2,310,000 | 0.024414 BTC |
| #12 | ~2057 | 2,520,000 | 0.012207 BTC |
| #13 | ~2061 | 2,730,000 | 0.006104 BTC |
| #14 | ~2065 | 2,940,000 | 0.003052 BTC |
| #15 | ~2069 | 3,150,000 | 0.001526 BTC |
| #16 | ~2073 | 3,360,000 | 0.00076294 BTC |
| #17 | ~2077 | 3,570,000 | 0.00038147 BTC |
| #18 | ~2081 | 3,780,000 | 0.00019073 BTC |
| #19 | ~2085 | 3,990,000 | 0.00009537 BTC |
| #20 | ~2089 | 4,200,000 | 0.00004768 BTC |
| #21 | ~2093 | 4,410,000 | 0.00002384 BTC |
| #22 | ~2097 | 4,620,000 | 0.00001192 BTC |
| #23 | ~2101 | 4,830,000 | 0.00000596 BTC |
| #24 | ~2105 | 5,040,000 | 0.00000298 BTC |
| #25 | ~2109 | 5,250,000 | 0.00000149 BTC |
| #26 | ~2113 | 5,460,000 | 0.00000075 BTC |
| #27 | ~2117 | 5,670,000 | 0.00000037 BTC |
| #28 | ~2121 | 5,880,000 | 0.00000019 BTC |
| #29 | ~2125 | 6,090,000 | 0.00000009 BTC |
| #30 | ~2129 | 6,300,000 | 0.00000005 BTC |
| #31 | ~2133 | 6,510,000 | 0.00000002 BTC |
| #32 | ~2137 | 6,720,000 | 0.00000001 BTC |
Block Height
6,930,000
Total Supply
21,000,000 BTC
Final satoshi mined. Block reward becomes 0. Miners rely entirely on transaction fees.
Predictable Scarcity
Unlike fiat currencies, Bitcoin's supply schedule is fixed in code. No central bank can change it.
Supply Shock
Each halving cuts new Bitcoin production by 50%, reducing sell pressure from miners while demand grows.
Historical Returns
Every past halving has been followed by a significant price increase within 12-18 months.