Bitcoin Halving 2024: Why It Matters & What To Expect The Next Bitcoin halving, anticipated to occur in April 2024 at block number 740,000, will reduce the mining reward by half. This event will decrease the reward for mining a new block on the Bitcoin network from the current 6.25 BTC to 3.125 BTC. The specific date for the halving is still being determined due to the variable nature of block generation, which, on average, happens every ten minutes. https://coinpedia.org/beginners-guide/what-is-bitcoin-halving/