Zcash (ZEC) halving: countdown and history

The Zcash block reward halves every 1,680,000 blocks. Here is when the next halving is expected, how the date is estimated and how the reward has changed.

Time until the halving (estimate) 765 d

Blocks left: 873,745
Estimated date: ≈ Nov 30, 2028
Current block: 3,532,655
Block reward: 1.5625 → 0.78125 ZEC

Current period progress: 47.99%

Zcash ZEC

Price: $1,299.30
24h change: +5.37%
7d change: +7.16%
Market cap: $22.08 B
24h volume: $763.46 M
Market cap rank: #10
Circulating supply: 17.01 M ZEC
All-time high: $3,191.93

What a halving is

A halving is a rule built into Zcash: every 1,680,000 blocks the reward for a new block is cut in half. It slows down the issue of new ZEC until the maximum supply of 21 M ZEC is reached.

After the Blossom upgrade in December 2019 the Zcash block time dropped from 150 to 75 seconds: the reward per block was halved to keep the issue rate (12.5 ZEC per 150 seconds became 6.25 ZEC per 75 seconds), and the halving interval doubled, so halvings still happen about every four years.

How the date is estimated

The date is calculated from the number of blocks left and the average block time over the last 24 hours (~1.3 min). Blocks are found at a random pace, so the estimate shifts by a few days: the halving happens at block 4,406,400, not on a fixed date.

All Zcash halvings

#	Block	Date	Block reward, ZEC
1	1,046,400	Nov 18, 2020	6.25 → 3.125 ZEC
2	2,726,400	Nov 2024	3.125 → 1.5625 ZEC
3	4,406,400	≈ Nov 30, 2028 (expected)	1.5625 → 0.78125 ZEC
4	6,086,400	≈ Dec 10, 2032 (expected)	0.78125 → 0.390625 ZEC

ZEC emission

17.01 M ZEC out of 21 M have been issued — 80.99% of the maximum supply. About 3.99 M ZEC are left to be issued.

Exchange ZEC

Zcash halving: FAQ

When is the next Zcash halving?

The next halving is expected around Nov 30, 2028, at block 4,406,400. 873,745 blocks are left.

What will the ZEC block reward be after the halving?

It will fall from 1.5625 to 0.78125 ZEC per block.

When was the last Zcash halving?

The last halving took place on Nov 2024 at block 2,726,400: the reward fell from 3.125 to 1.5625 ZEC.

How many ZEC are left to be issued?

About 3.99 M ZEC out of 21 M.

Does a halving change the ZEC rate?

A halving reduces the number of new ZEC entering the market, but the rate depends on many factors. Past halvings do not guarantee future price changes; this is not investment advice.

Block data: Blockchair, updated Oct 27, 2026, 20:41.

ZEC exchange All halvings Zcash price chart Zcash price prediction Bitcoin halving Litecoin halving Bitcoin Cash halving