Future Bitcoin Halving Dates
Bitcoin Halving 2024
As we mentioned before, the halving occurs after every 210.000 blocks have been mined. The next halving event should occur in 2024, at block 840,000, where the block reward will drop to 3.125 BTC. This would be the fourth halving of Bitcoin.
Bitcoin Halving 2028
After that, we can expect the next halving to occur in 2028, at block 1,050,000, where the block reward will drop to 1.5625.
Bitcoin Halving 2032
The last important halving event is the sixth one. It is expected to take place in 2032, on block 1,260,000. After it, the block reward will drop to 0.78125.
So why is this halving important?
Well, it will mark the mining of 99% of all the Bitcoin coins. Basically, at this point, 20.790.000 out of a total of 21.000.000 Bitcoins would have been mined at this point.
Experts believe that at this point, mining will probably drop significantly since the rewards are so small. Still, if Bitcoin price continues to rise and reach $1 million, as some experts believe, miners will still have enough incentives to continue.
Only time will tell what will happen.
End of Mining New Bitcoin
So, when will mining new Bitcoin end?
At the current rate, this should happen in the year 2140. Even so, the miners would still be incentivized to mine and confirm the transactions due to the fact that the value of the fees paid to miners would rise in the future. This is because there will be a greater transaction volume with fees and a greater market value of the Bitcoins themselves.