Miners are rewarded a certain amount of Verge coins whenever a block is produced (approximately every 34 seconds)
As of now, the block reward is 100 coins per block and will decrease to 50 coins per block post halving

Next halving at block 5200000
Block number now = 4772855
Blocks until halving = 427145
Block time (average last 12 hours) = 33.4 seconds

VERGE HALVING in = 165.048 days
ETA Date = Mon Aug 9 00:42:29 2021 UTC