🌟 Estimating the Date of the Next Bitcoin Halving (Halving #5) from 1/4 of the way.

📷Today, block #892,500 was mined, marking exactly 1/4 of the journey to Halving #5 (from block 840,000 to 1,050,000).

Let’s break down the timeline and estimate the date of the next halving.

📷 Timeline and Calculations:

Duration for 1/4 of the journey (52,500 blocks): It took miners 360.25 days, or 31,126,005 seconds, to mine these blocks.

Average time per block: 31,126,005 seconds ÷ 52,500 blocks = 592.876 seconds per block.

For context, between Halving #3 and Halving #4, the average time per block was

592.127 seconds—this pace is quite stable.

Remaining blocks to Halving #5: The full journey from Halving #4 to Halving #5 is 210,000 blocks (52,500 × 4).

Total estimated time for 210,000 blocks: 360.2549*4 = 1,441.02 days.

📷 Halving #4 Date: Halving #4 occurred on April 20, 2024, at 2:09 AM.

Adding 1,441.02 days to this date brings us to March 31, 2028, at 2:36 AM.

📷 Based on the current mining pace, the most accurate estimate for Bitcoin’s 5th halving is March 31, 2028. Of course, this can shift due to changes in network difficulty or hash rate, but this gives us a solid benchmark! This is how the Rainbow Wave model estimates the future halving events.