This URL went live on 23 April 2020 as a two-sentence stub. We kept the address and rewrote the page in August 2026. By then the 2020 and 2024 halvings had already happened. None of that is a reason to buy or sell anything.
What is being halved?
Bitcoin creates new coins as a reward to whoever adds the next block of transactions. About every 210,000 blocks — roughly four years — that reward is cut in half. In 2020 it went from 12.5 to 6.25 bitcoin per block (11 May). In 2024 it went to 3.125. The next cut is expected around 2028. The code is public. The calendar date is an estimate because blocks are not a metronome.
What it is not
It is not a coupon. It is not a guarantee that the price will rise. Markets can ignore a well-advertised supply change, or they can spend a year pricing it in early. “Number go up because halving” is a slogan. Issuance going down is a fact about miner revenue and new coins, not about your rent.
Why miners care more than headlines
Miners spend electricity and hardware. When the reward halves, some of them become unprofitable until the bitcoin price or fees make the sums work again. That can change who is mining, not whether Bitcoin stops. Fees from users also pay for security; they matter more as the block subsidy shrinks.
How to read a halving headline
Ask whether the piece is explaining the schedule or selling a countdown. If it tells you what to do with money, it is not a guide. For Bitcoin without the trading floor, start with what Bitcoin is in plain language.
