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Bitcoin Halving Supply Model

Block subsidy, annual issuance, and stock-to-flow.

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Rex says

Money math without the spreadsheet headache. Plug in your numbers and I'll show you exactly where the dollars land.

Try a scenario

Click to load — tweak from there.

Inputs

Result

Block subsidy after halvings

1.5625

New coins per year

82,181

Annual issuance rate

0.42%

Stock-to-flow ratio

240.9

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How to use this

  1. 1Enter current block subsidy (BTC).
  2. 2Enter average block time (min).
  3. 3Enter circulating supply (BTC).
  4. 4Enter halvings ahead.
  5. 5Read your block subsidy after halvings on the right — it updates as you type.
  6. 6Hit Share to keep the scenario or send it to someone.

About this calculator

Model the issuance schedule: block reward, coins minted per year, and the stock-to-flow ratio after the next halving.

Worked example

Using the values the calculator loads with:

Inputs

  • Current block subsidy: 3.125 BTC
  • Average block time: 10 min
  • Circulating supply: 19800000 BTC
  • Halvings ahead: 1

Results

  • Block subsidy after halvings: 1.5625
  • New coins per year: 82,181.25
  • Annual issuance rate: 0.42%
  • Stock-to-flow ratio: 240.9

What each field means

Inputs

Current block subsidy (BTC)
The current block subsidy used in the calculation, measured in BTC. Starts at 3.125 BTC so you have a working example on load.
Average block time (min)
The average block time used in the calculation, measured in min. Starts at 10 min so you have a working example on load.
Circulating supply (BTC)
The circulating supply used in the calculation, measured in BTC. Starts at 19800000 BTC so you have a working example on load.
Halvings ahead
The halvings ahead used in the calculation. Starts at 1 so you have a working example on load. Accepted range: 0–10.

Results

Block subsidy after halvings
Returned as a decimal number and shown as the headline result. It recalculates instantly whenever you change an input, so you can compare scenarios without reloading.
New coins per year
Returned as a whole number. It recalculates instantly whenever you change an input, so you can compare scenarios without reloading.
Annual issuance rate
Returned as a percentage. It recalculates instantly whenever you change an input, so you can compare scenarios without reloading.
Stock-to-flow ratio
Returned as a decimal number. It recalculates instantly whenever you change an input, so you can compare scenarios without reloading.

FAQ

How does the bitcoin halving supply model work?

Model the issuance schedule: block reward, coins minted per year, and the stock-to-flow ratio after the next halving.

What do I need to enter?

4 values: current block subsidy, average block time, circulating supply, and halvings ahead. Each field starts with a sensible default, so you can change one number at a time and watch the result move.

What does the block subsidy after halvings result mean?

It is returned as a decimal number and updates live as you edit the inputs, so you can compare two or three versions of a scenario in a few seconds.

Is this calculator free, and do I need an account?

Yes, it's free, and no account is required. Nothing you type is stored on our servers — the maths runs entirely in your browser.

How accurate is the result?

It applies the standard formula exactly, so the arithmetic is precise. Results are estimates before tax, fees, and inflation unless an input explicitly covers them.

Who is this tool for?

It's built for anyone comparing money scenarios before committing — budgeting a payment, sanity-checking a quote, or seeing what a change in rate or term actually costs.

Accuracy and limitations

  • Results are estimates before tax, fees, and inflation unless an input explicitly covers them.
  • Rates are treated as fixed for the whole period — variable-rate products will drift from this projection.
  • This is educational maths, not financial advice. Check anything contractual with the lender or your accountant.

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APA
RevenueLab. (2026). Bitcoin Halving Supply Model. Retrieved from https://www.revenuelab.fyi/toolbox/bitcoin-halving-model
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<p>Source: <a href="https://www.revenuelab.fyi/toolbox/bitcoin-halving-model" target="_blank" rel="noopener">Bitcoin Halving Supply Model — RevenueLab</a> (2026).</p>
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Source: [Bitcoin Halving Supply Model — RevenueLab](https://www.revenuelab.fyi/toolbox/bitcoin-halving-model) (2026).
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