Zcash (ZEC) halving

Every 1,680,000 blocks the Zcash network cuts its reward in half. Below: how much is left, where the date comes from and what happened last time.

Left (estimate) 765 d

Blocks: 867,814
Expected: ≈ Dec 5, 2028
Block now: 3,538,586
Reward: 1.5625 → 0.78125 ZEC

Period done: 48.34%

Zcash ZEC

Price: $1,219.57
24 hours: −3.95%
Week: −0.33%
Market cap: $20.75 B
24-hour turnover: $500.69 M
Rank by cap: #11
In circulation: 17.01 M ZEC
Record price: $3,191.93

What a halving actually is

It is a rule baked into the coin itself: every 1,680,000 blocks the block reward is cut in half. New ZEC arrives more and more slowly until the supply hits its ceiling of 21 M ZEC.

In December 2019 the Blossom upgrade cut the Zcash block from 150 seconds to 75. The reward was halved at the same time so the issuance pace would not change (12.5 ZEC per 150 seconds became 6.25 ZEC per 75), and the halving interval was doubled — which is why halvings still land roughly every four years.

Where the date comes from

We count from the remaining blocks and the average block time over the past day (~1.3 min). Blocks are found unevenly, so the estimate drifts by a few days: the halving is tied to block 4,406,400, not to a calendar date.

Every Zcash halving

#	Block	Date	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	≈ Dec 5, 2028 (ahead)	1.5625 → 0.78125 ZEC
4	6,086,400	≈ Dec 24, 2032 (ahead)	0.78125 → 0.390625 ZEC

How much ZEC is out already

17.01 M ZEC of 21 M is in circulation — 81.02% of the ceiling. About 3.99 M ZEC is still unissued.

What ZEC can turn into

Common questions about the Zcash halving

When is the next Zcash halving?

Around Dec 5, 2028, at block 4,406,400. 867,814 blocks to go.

What will a block pay after the halving?

The reward drops from 1.5625 to 0.78125 ZEC per block.

And when was the previous Zcash halving?

Nov 2024, at block 2,726,400: the reward fell from 3.125 to 1.5625 ZEC.

How much ZEC is still unissued?

Roughly 3.99 M ZEC out of 21 M.

Will the halving push the ZEC price?

It does cut the flow of new ZEC in half, but the price is not moved by that alone. Past halvings guarantee nothing about the future, and none of this is investment advice.

Block data from Blockchair, updated Nov 2, 2026 00:54.

ZEC All halvings Bitcoin halving Litecoin halving Bitcoin Cash halving