Reading live from the network

The reward halves
every 525,600 blocks.

Roughly once a year, the payment miners receive for a block is cut in half. It is written into the protocol, nobody can change it on a whim, and everyone can verify it. Here is where the chain stands right now.

Current height
Blocks since genesis
Reward now
Epoch —
Reward after
Exactly 50% less
Block time
Measured over 50 blocks
Why it matters

Scarcity you can check yourself

No committee decides how many coins exist. The schedule was fixed at launch, it runs on arithmetic, and any node can verify it independently.

Supply is capped

Emission stops for good once the reward reaches zero, at block 16,293,600. After that, miners are paid by transaction fees alone.

The date is an estimate

Blocks arrive when miners find them. The countdown is projected from the measured rate, so it drifts as hashrate joins or leaves.

Nobody can move it

Changing the schedule would require every node on the network to run different rules — it cannot be done by announcement.

Schedule

Emission over time

Half of everything that will ever exist was created in the first year, and about 99% arrives within seven.

Year 114.26940639 KYP per block50% mined
Year 27.13470319 KYP per block75% mined
Year 33.56735159 KYP per block87.5% mined
Year 41.78367579 KYP per block93.8% mined
Year 70.11147973 KYP per block99.6% mined
Year ~31Reward reaches zero at block 16,293,600100% mined
The final total is 14,999,999.9078 KYP, not a round 15,000,000. Each halving is an integer division, so a fraction of a coin is truncated every epoch — Bitcoin behaves exactly the same way. The full schedule and every consensus parameter are documented in the whitepaper.