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Bitcoin undergoes a 'halving' roughly every four years, cutting the block mining reward exactly in half — starting at 50 BTC per block in 2009.

What did the reward drop to after the fourth halving in 2024?

3.125 BTC
The reward halved four times: 50 → 25 → 12.5 → 6.25 → 3.125 BTC. Bitcoin's total supply is capped at 21 million and can never exceed that amount.
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