Bitcoin
Bitcoin Network Passes Block 970,000 with 80,000 Blocks Until Next Halving
The Bitcoin blockchain has completed block 970,000, leaving approximately 18 months before the protocol's fifth block reward reduction.
On October 5, 2026, the Bitcoin network processed block number 970,000, marking the completion of 130,000 blocks since the April 2024 halving at block 840,000. This leaves 80,000 blocks remaining before the next scheduled halving at block 1,050,000, placing the fourth full cycle at roughly 62 percent completion.
Block 970,000 was mined by the Luxor mining pool and included 5,612 transactions. According to data from mempool.space, the block yielded a total reward of 3.129 BTC, consisting of 3.125 BTC in newly minted coin subsidies and 0.004 BTC from user transaction fees, the latter accounting for 0.14 percent of the payout.
At the theoretical rate of one block every ten minutes, the remaining 80,000 blocks equate to roughly 555 days, targeting mid-April 2028 for the reward cut. Current block production has averaged 9.9 minutes, with network mining difficulty scheduled for an estimated 1.1 percent upward adjustment around October 17.
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