Coins with Halving and Managed Emission
| Coin ▲ | Halving | Next ▲ | At Block | Current Reward | Reward After | S2F ▲ | Max Supply | Status |
|---|---|---|---|---|---|---|---|---|
|
BT
Bitcoin
BTC · Classic
|
5th | ~2028 | block 1 050 000 | 3.125 BTC | 1.5625 BTC | 122 | 21 000 000 | Soon |
|
LT
Litecoin
LTC · Classic
|
4th | ~2027 | block 3 360 000 | 6.25 LTC | 3.125 LTC | 59 | 84 000 000 | Soon |
|
BC
Bitcoin Cash
BCH · Classic
|
3th | ~2028 | block 1 050 000 | 3.125 BCH | 1.5625 BCH | 122 | 21 000 000 | Soon |
|
BS
Bitcoin SV
BSV · Classic
|
3th | ~2028 | block 1 050 000 | 3.125 BSV | 1.5625 BSV | 122 | 21 000 000 | Soon |
|
ZE
Zcash
ZEC · Classic
|
3th | ~2028 | block 4 406 400 | 1.5625 ZEC | 0.78125 ZEC | 26 | 21 000 000 | Soon |
|
ET
Ethereum Classic
ETC · Epoch-based
|
6th | ~2028 | block 30 000 000 | 1.6384 ETC | 1.31072 ETC | 41 | 210 700 000 | Soon |
|
RV
Ravencoin
RVN · Classic
|
3th | ~2030 | block 6 300 000 | 1 250 RVN | 625 RVN | — | 21 000 000 000 | Soon |
|
BE
Beam
BEAM · Classic
|
3th | ~2028 | block 4 730 400 | 25 BEAM | 12.5 BEAM | — | 262 800 000 | Soon |
|
CK
Nervos CKB
CKB · Epoch-based
|
2th | ~2027 | epoch 17 520 | ~1.36 bn CKB/year | ~0.68 bn CKB/year | — | Unlimited (with anti-inflation) | Soon |
|
KA
Kaspa
KAS · Gradient
|
— | ~2026 | monthly step | 2.06017 KAS | 1.94454 KAS | — | 28 704 035 605 | Soon |
|
DC
Decred
DCR · Gradient
|
183th | ~2026 | block 1 124 352 | 5.10045 DCR | 5.04995 DCR | — | 21 000 000 | Continuous |
|
DA
Dash
DASH · Gradient
|
13th | ~2027 | block 2 733 120 | 1.64561 DASH | 1.52807 DASH | — | 18 900 000 | Continuous |
|
DO
Dogecoin
DOGE · No halving
|
— | No more halvings | — | 10 000 DOGE | 10 000 DOGE | — | Unlimited | None |
|
XM
Monero
XMR · No halving
|
— | No more halvings | — | 0.6 XMR | 0.6 XMR | — | Unlimited | None |
Block heights and current rewards were verified directly against the blockchain networks on 31.07.2026. From there the page recalculates everything itself using protocol rules. The halving year is an estimate; the exact fact is the block number, which you can verify in any block explorer.
Detailed Coin Overview
5th Halving · ~2028 · block 1 050 000
The first and largest cryptocurrency. The benchmark halving cycle. 4 completed cycles with diminishing returns — the most studied coin in the context of halving.
| № | When | Reward Before | Reward After | Price Before | Peak After | Growth |
|---|---|---|---|---|---|---|
| 1th | 2012 · block 210 000 | 50 BTC | 25 BTC | $12 | $1 151 | +9 492% |
| 2th | 2016 · block 420 000 | 25 BTC | 12.5 BTC | $651 | $19 891 | +3 624% |
| 3th | 2020 · block 630 000 | 12.5 BTC | 6.25 BTC | $8 721 | $69 044 | +1 685% |
| 4th | 2024 · block 840 000 | 6.25 BTC | 3.125 BTC | $64 063 | in progress | — |
4th Halving · ~2027 · block 3 360 000
"Silver to BTC's gold." Halving every 840,000 blocks (~4 years). Returns also diminish with each cycle.
| № | When | Reward Before | Reward After |
|---|---|---|---|
| 1th | 2015 · block 840 000 | 50 LTC | 25 LTC |
| 2th | 2019 · block 1 680 000 | 25 LTC | 12.5 LTC |
| 3th | 2023 · block 2 520 000 | 12.5 LTC | 6.25 LTC |
3th Halving · ~2028 · block 1 050 000
A 2017 BTC hard fork. Inherited the same halving parameters (210,000 blocks), but price reacts differently due to lower liquidity.
| № | When | Reward Before | Reward After |
|---|---|---|---|
| 1th | 2020 · block 630 000 | 12.5 BCH | 6.25 BCH |
| 2th | 2024 · block 840 000 | 6.25 BCH | 3.125 BCH |
3th Halving · ~2028 · block 1 050 000
A 2018 BCH hard fork. Same halving parameters, but the lowest liquidity among BTC forks — elevated risks.
| № | When | Reward Before | Reward After |
|---|---|---|---|
| 1th | 2020 · block 630 000 | 12.5 BSV | 6.25 BSV |
| 2th | 2024 · block 840 000 | 6.25 BSV | 3.125 BSV |
3th Halving · ~2028 · block 4 406 400
A privacy coin. After the Blossom upgrade the block time dropped to 75 seconds, and halving occurs every 1,680,000 blocks (~4 years). The Founders Reward ended in 2020, and since 2024 part of the reward goes to a development fund.
| № | When | Reward Before | Reward After |
|---|---|---|---|
| 1th | 2020 · block 1 046 400 | 6.25 ZEC | 3.125 ZEC |
| 2th | 2024 · block 2 726 400 | 3.125 ZEC | 1.5625 ZEC |
6th Halving · ~2028 · block 30 000 000
Halving every 5,000,000 blocks (~2.4 years). Distinguished by frequent halvings and a smaller reduction step (×0.8 instead of ×0.5).
| № | When | Reward Before | Reward After |
|---|---|---|---|
| 1th | 2017 · block 5 000 000 | 5 ETC | 4 ETC |
| 2th | 2020 · block 10 000 000 | 4 ETC | 3.2 ETC |
| 3th | 2022 · block 15 000 000 | 3.2 ETC | 2.56 ETC |
| 4th | 2024 · block 20 000 000 | 2.56 ETC | 2.048 ETC |
| 5th | 2026 · block 25 000 000 | 2.048 ETC | 1.6384 ETC |
3th Halving · ~2030 · block 6 300 000
An asset tokenization coin using KawPow. Halving every 2,100,000 blocks (~2.4 years). Large max supply, but proportionally large emission.
| № | When | Reward Before | Reward After |
|---|---|---|---|
| 1th | 2022 · block 2 100 000 | 5 000 RVN | 2 500 RVN |
| 2th | 2026 · block 4 200 000 | 2 500 RVN | 1 250 RVN |
3th Halving · ~2028 · block 4 730 400
A Mimblewimble privacy coin. Emission is scheduled by year: 80 BEAM in year one, 40 in years two to five, 25 in years six to nine, then halving every 4 years. Low liquidity — the halving's price impact is unstable.
| № | When | Reward Before | Reward After |
|---|---|---|---|
| 1th | 2020 · block 525 600 | 80 BEAM | 40 BEAM |
| 2th | 2024 · block 2 628 000 | 40 BEAM | 25 BEAM |
2th Halving · ~2027 · epoch 17 520
A unique model: base emission decreases by 20% every ~4 years (by epochs). Secondary emission compensates miners for the reduction, while Nervos DAO absorbs its surplus.
| № | When | Reward Before | Reward After |
|---|---|---|---|
| 1th | 2023 · epoch 8 760 | ~2.7 bn/year | ~1.36 bn/year |
— Halving · ~2026 · monthly step
A "chromatic" halving: the reward decreases every month by a factor of (1/2)^1/12 — exactly half per year. The ratio between two consecutive months equals the ratio of frequencies of two adjacent semitones in a musical scale, hence the name. Blocks arrive once per second, and about 96% of the 28.7 billion supply is already mined.
183th Halving · ~2026 · block 1 124 352
A unique model: the reward decreases by 1% every 6,144 blocks (~21 days). No sharp halvings — a smooth, continuous decline. A PoW + PoS hybrid.
13th Halving · ~2027 · block 2 733 120
A unique model: halving every 210,240 blocks (~1 year), but the reward decreases by only ~7.1%, not by half. Frequent but small reductions.
No more halvings
DOGE halvings ended in 2015. Since block 600,000 the reward has been permanently fixed at 10,000 DOGE — about 5.26 billion new coins per year. Emission is infinite but constant: by design, so DOGE stays a currency for spending rather than an asset to hoard.
No more halvings
There is no halving and there never will be. Since May 2022 tail emission is in effect: the reward is permanently fixed at 0.6 XMR per block. This is deliberate — so miners always keep an incentive and network security never depends on fees alone.
Analytical and Statistical Data
Distribution by Halving Type
Upcoming Halvings (Timeline)
What halving is
The word «halving» comes from half. If a miner received 6.25 BTC per block before the halving, afterwards it is 3.125 BTC. Network difficulty, block time and every other parameter stay the same — only the reward changes.
A halving is not a random event, nor a decision made by developers: it is a mathematical rule built into the protocol from the very beginning. It cannot be cancelled, postponed or altered without the consensus of the whole network.
How halving works — visually (Bitcoin)
Each circle is the block reward after another halving. The opacity fades along with the reward.
Key halving parameters, using Bitcoin as an example
Why halving exists
Halving performs several critical functions that set bitcoin apart from fiat currencies.
A deflationary model
Central banks print money without limits, which causes inflation. Halving does the opposite: over time fewer and fewer new coins appear. That creates an artificial deflation — the same effect gold has.
The stock-to-flow effect
S2F = stock / annual flow. After a halving the flow drops by half and S2F doubles. Gold's S2F ≈ 62. After the 2024 halving bitcoin's S2F ≈ 122 — twice that of gold.
An incentive for miners
A lower reward forces miners to optimise their hardware and cut costs. The inefficient ones switch off, the efficient ones stay — and the network becomes more resilient.
Predictability and trust
Anyone can check when the next halving happens — it is written in the code. No committee can decide to «print more» coins. That is the foundation of trust.
Halving mechanics under the hood
Understanding the technical side lets you go beyond «what happens» and see «why».
Step 1. A miner finds a block
The miner picks a nonce so that the block hash falls below the target value. On average a Bitcoin block is found every 10 minutes.
Step 2. Checking the condition
The GetBlockSubsidy() function divides the block height by 210,000 and shifts the initial reward right. Block 840,001: 50 » 4 = 3.125.
Step 3. The coinbase transaction
The reward is written into the coinbase transaction — the only way new coins are created: 3.125 BTC plus the transaction fees in the block.
Step 4. Network consensus
Other nodes verify the calculation. If a miner writes down more than allowed, the block is rejected. There is no central server.
The reward formula
Different halving models
| Type | Mechanism | Examples | Distinctive feature |
|---|---|---|---|
| Classic | The reward is divided exactly by 2 every N blocks | BTC, LTC, BCH, BSV, ZEC, RVN, BEAM | Issuance tends to zero |
| Gradient | Small but frequent cuts: DCR −1% every 6,144 blocks, DASH −7.1% once a year, KAS ×(1/2)1/12 every month | DCR, DASH, KAS | No sharp cliff — the decline is barely noticeable |
| Epoch-based | The cut is tied to an epoch or a large block interval, step −20% | ETC, CKB | An epoch ≠ a block; the step is gentler than a halving |
| No halving | The reward is fixed for good and no longer decreases | DOGE (10 000 с 2015), XMR (0.6 с 2022) | Issuance is endless but constant — the «tail emission» |
Historical impact of halving on price
Bitcoin data — the only coin with four completed halving cycles.
| Halving | Date | Price before | Low afterwards | High afterwards | Growth from the low | Time to the peak |
|---|---|---|---|---|---|---|
| #1 | 28.11.2012 | $12 | $12 | $1 151 | +9 492% | ~12 months |
| #2 | 09.07.2016 | $651 | $534 | $19 891 | +3 624% | ~17 months |
| #3 | 11.05.2020 | $8 721 | $3 867 | $69 044 | +1 685% | ~18 months |
| #4 | 20.04.2024 | $64 063 | $49 700 | in progress | — | — |
What happens to miners
On halving day miners' revenue drops by 50% if the price stays flat. What happens next is the key indicator.
1. Miner capitulation
Inefficient miners sell crypto to pay their bills. Hash rate can drop by 10–30%.
2. Adaptation
The survivors upgrade their hardware and negotiate cheaper electricity. Hash rate recovers.
3. Hash Rate ATH
Within 3–6 months hash rate breaks its previous high — a strong bullish signal.
4. Shift to fees
Fees make up a growing share of miners' revenue. After the fourth halving it is around 10–15%.
Indicators for tracking a halving
The key indicators that help you tell which stage of the cycle we are in.
Formula: S2F = stock / annual flow. After a halving the flow halves and S2F doubles.
How to use it: a sharp rise in S2F after a halving points to long-term upside. Do not trade on S2F alone — it is a long-horizon indicator.
Formula: daily miner revenue divided by its 365-day average.
< 0.5 — capitulation (buy) · 0.5–1.0 — below average · 1.0–2.0 — normal · > 2.0 — euphoria (sell)
Formula: market cap divided by realised cap.
< 1.0 — accumulation zone · 1.0–2.5 — healthy zone · 2.5–3.5 — overheated · > 3.5 — sell signal
< 0 — Lament · 0–0.25 — Hope/Fear · 0.25–0.50 — Optimism · 0.50–0.75 — Belief · > 0.75 — Euphoria (sell)
Hash rate is the total computing power of the network. Difficulty adjusts how hard mining is (every 2016 blocks for BTC). Hash rate falls → capitulation. It recovers within 1–3 months → the network is healthy. It breaks its ATH within 3–6 months → a very strong bullish signal.
Trading strategies around a halving
A halving is a process, not an entry point. Here are three proven strategies.
Conservative
Buy 6–12 months before the halving and take profit 12–18 months after it. Historically this returned ×3–10 on BTC. Minimum stress, maximum holding time.
Moderate
Buy in parts: 30% six months before the halving, 30% at the event, 40% on the drawdown afterwards. Take profit in parts at ×2, ×3 and ×5. Averaging lowers the risk.
Aggressive
Buy during miner capitulation (Puell < 0.5, falling hash rate) and trade altcoins that have their own halving. High potential, but it takes experience and a strict stop-loss.
