When Is Bitcoin Halving 2024 Nfl. At the time, the reward for each block of mined bitcoin was cut in half from 6.25 btc to 3.125 btc. Nakamoto wrote the halving into bitcoin's code and it works by reducing the rate at which new bitcoin are released into circulation.

It will reduce the block reward from 6.25 btc to. If bitcoin maintains its schedule of one halving every four years, there are 29.