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Next reward step on 4 November 2026 around 13:45 UTC, block reward from 2.0602 to 1.9445 KAS per block, computed from the emission schedule
Kaspa's block reward drops by about 5.6% every month, twelve steps a year that compound to a full halving every 12 months. The schedule is fixed mathematics, set in code since the deflationary phase began in May 2022 at 440 KAS per block, and it runs until rewards reach zero in the 2050s. No votes, no surprises, no event to trade. The current reward and the next reduction are shown below.
Bitcoin cuts its block reward in half once every four years, in one dramatic overnight step. Kaspa took the same idea and smoothed it out. Every month, the reward is multiplied by (1/2)1/12, roughly a 5.6% reduction. Chain twelve of those together and you get exactly one halving per year. The community calls it the chromatic phase, because the monthly ratio matches the twelve semitones of a musical octave.
Two details matter for reading the numbers correctly.
The comparison everyone reaches for is Bitcoin's halving, so here it is done properly.
| Bitcoin | Kaspa | |
|---|---|---|
| Cadence | every 4 years | every month |
| Size of each cut | −50% overnight | −5.6% per step |
| Effect over 12 months | 0% or −50% | −50%, smoothly |
| Shock to miners | one cliff, mass shakeout | constant gentle squeeze |
| Tradeable "event" | yes, famously | no, and that's the point |
Over any 12-month window the two schedules remove the same share of new supply. The difference is entirely in how it arrives. Bitcoin delivers it as a cliff that reshapes its mining industry every four years; Kaspa delivers it as a slope that miners absorb one small step at a time.
Bitcoin's halving lore, the four-year cycle, the pre-halving rally and the supply shock, is built on a rare, dramatic, heavily marketed event. Kaspa has no such event. A 5.6% monthly step is not a catalyst; it's background physics. Anyone selling you a "Kaspa halving play" is borrowing a story from a different chain.
A reward cut reduces the number of new coins miners can sell. That is arithmetic, not a price argument. If nobody wants the coin, halving the trickle of new supply changes nothing. Emission cuts only matter in combination with demand. They amplify whatever direction demand already points.
Each step cuts every miner's revenue by 5.6% at constant price. Efficient machines shrug; the oldest hardware slides below break-even and eventually shuts off. This is why hashrate tends to dip and recover around reductions, and why the interesting chart after each step is the hashrate, not the price.
Yes, as a smooth schedule instead of one event. The block reward falls by about 5.6% every 30.44 days and halves every 12 months, computed from the emission schedule. The next step is on 4 November 2026, from 2.0602 to 1.9445 KAS per block.
Kaspa has no single halving day. The next monthly reward step is on 4 November 2026 around 13:45 UTC, when the block reward falls from 2.0602 to 1.9445 KAS per block, computed from the emission schedule.
About 5.6% per month. Twelve consecutive monthly steps multiply to exactly one half, so emission falls 50% over any 12-month window. That is the same yearly rate as Bitcoin's four-year halving, delivered smoothly instead of as a cliff.
Not by itself. A monthly reduction that anyone can compute years in advance surprises nobody and creates no supply shock. Reduced emission only amplifies whatever demand already exists. The measurable effect of each step is on miner margins, which is why hashrate around each reduction is the more informative chart.
Kaspa's supply approaches a maximum of about 28.7 billion KAS. The share already in circulation is shown on this page, fetched from the public Kaspa API. Because the emission curve decays geometrically, the large majority of all KAS was mined within the first years after the 2021 launch.
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