diff --git a/src/gtest/test_metrics.cpp b/src/gtest/test_metrics.cpp
index c199b323e..143fe46d6 100644
--- a/src/gtest/test_metrics.cpp
+++ b/src/gtest/test_metrics.cpp
@@ -92,3 +92,44 @@ TEST(Metrics, GetLocalSolPS) {
     SetMockTime(104);
     EXPECT_EQ(1, GetLocalSolPS());
 }
+
+TEST(Metrics, EstimateNetHeightInner) {
+    // Ensure that the (rounded) current height is returned if the tip is current
+    SetMockTime(15000);
+    EXPECT_EQ(100, EstimateNetHeightInner(100, 14100, 50, 7500, 0, 150));
+    SetMockTime(15150);
+    EXPECT_EQ(100, EstimateNetHeightInner(101, 14250, 50, 7500, 0, 150));
+
+    // Ensure that correct estimates are returned if the tip is in the past
+    SetMockTime(15300); // Tip is 2 blocks behind
+    EXPECT_EQ(100, EstimateNetHeightInner(100, 14100, 50, 7500, 0, 150));
+    SetMockTime(15900); // Tip is 6 blocks behind
+    EXPECT_EQ(110, EstimateNetHeightInner(100, 14100, 50, 7500, 0, 150));
+
+    // Check estimates during resync
+    SetMockTime(15000);
+    EXPECT_EQ(100, EstimateNetHeightInner( 0,     0, 50, 7500, 0, 150));
+    EXPECT_EQ(100, EstimateNetHeightInner( 7,   600, 50, 7500, 0, 150));
+    EXPECT_EQ(100, EstimateNetHeightInner( 8,   600, 50, 7500, 0, 150));
+    EXPECT_EQ(100, EstimateNetHeightInner(10,   750, 50, 7500, 0, 150));
+    EXPECT_EQ(100, EstimateNetHeightInner(11,   900, 50, 7500, 0, 150));
+    EXPECT_EQ(100, EstimateNetHeightInner(20,  2100, 50, 7500, 0, 150));
+    EXPECT_EQ(100, EstimateNetHeightInner(49,  6450, 50, 7500, 0, 150));
+    EXPECT_EQ(100, EstimateNetHeightInner(50,  6600, 50, 7500, 0, 150));
+    EXPECT_EQ(100, EstimateNetHeightInner(51,  6750, 50, 7500, 0, 150));
+    EXPECT_EQ(100, EstimateNetHeightInner(55,  7350, 50, 7500, 0, 150));
+    EXPECT_EQ(100, EstimateNetHeightInner(56,  7500, 50, 7500, 0, 150));
+    EXPECT_EQ(100, EstimateNetHeightInner(57,  7650, 50, 7500, 0, 150));
+    EXPECT_EQ(100, EstimateNetHeightInner(75, 10350, 50, 7500, 0, 150));
+
+    // More complex calculations:
+    SetMockTime(20000);
+    // - Checkpoint spacing: 200
+    //   -> Average spacing: 175
+    //   -> estimated height: 127 -> 130
+    EXPECT_EQ(130, EstimateNetHeightInner(100, 14100, 50, 5250, 0, 150));
+    // - Checkpoint spacing: 50
+    //   -> Average spacing: 100
+    //   -> estimated height: 153 -> 150
+    EXPECT_EQ(150, EstimateNetHeightInner(100, 14100, 50, 12000, 0, 150));
+}
diff --git a/src/metrics.cpp b/src/metrics.cpp
index af8052049..1bac2c9c0 100644
--- a/src/metrics.cpp
+++ b/src/metrics.cpp
@@ -5,6 +5,7 @@
 #include "metrics.h"
 
 #include "chainparams.h"
+#include "checkpoints.h"
 #include "main.h"
 #include "ui_interface.h"
 #include "util.h"
@@ -103,6 +104,36 @@ double GetLocalSolPS()
     return miningTimer.rate(solutionTargetChecks);
 }
 
+int EstimateNetHeightInner(int height, int64_t tipmediantime,
+                           int heightLastCheckpoint, int64_t timeLastCheckpoint,
+                           int64_t genesisTime, int64_t targetSpacing)
+{
+    // We average the target spacing with the observed spacing to the last
+    // checkpoint (either from below or above depending on the current height),
+    // and use that to estimate the current network height.
+    int medianHeight = height > CBlockIndex::nMedianTimeSpan ?
+            height - (1 + ((CBlockIndex::nMedianTimeSpan - 1) / 2)) :
+            height / 2;
+    double checkpointSpacing = medianHeight > heightLastCheckpoint ?
+            (double (tipmediantime - timeLastCheckpoint)) / (medianHeight - heightLastCheckpoint) :
+            (double (timeLastCheckpoint - genesisTime)) / heightLastCheckpoint;
+    double averageSpacing = (targetSpacing + checkpointSpacing) / 2;
+    int netheight = medianHeight + ((GetTime() - tipmediantime) / averageSpacing);
+    // Round to nearest ten to reduce noise
+    return ((netheight + 5) / 10) * 10;
+}
+
+int EstimateNetHeight(int height, int64_t tipmediantime, CChainParams chainParams)
+{
+    auto checkpointData = chainParams.Checkpoints();
+    return EstimateNetHeightInner(
+        height, tipmediantime,
+        Checkpoints::GetTotalBlocksEstimate(checkpointData),
+        checkpointData.nTimeLastCheckpoint,
+        chainParams.GenesisBlock().nTime,
+        chainParams.GetConsensus().nPowTargetSpacing);
+}
+
 void TriggerRefresh()
 {
     *nNextRefresh = GetTime();
@@ -169,17 +200,25 @@ int printStats(bool mining)
     int lines = 4;
 
     int height;
+    int64_t tipmediantime;
     size_t connections;
     int64_t netsolps;
     {
         LOCK2(cs_main, cs_vNodes);
         height = chainActive.Height();
+        tipmediantime = chainActive.Tip()->GetMedianTimePast();
         connections = vNodes.size();
         netsolps = GetNetworkHashPS(120, -1);
     }
     auto localsolps = GetLocalSolPS();
 
-    std::cout << "           " << _("Block height") << " | " << height << std::endl;
+    if (IsInitialBlockDownload()) {
+        int netheight = EstimateNetHeight(height, tipmediantime, Params());
+        int downloadPercent = height * 100 / netheight;
+        std::cout << "     " << _("Downloading blocks") << " | " << height << " / ~" << netheight << " (" << downloadPercent << "%)" << std::endl;
+    } else {
+        std::cout << "           " << _("Block height") << " | " << height << std::endl;
+    }
     std::cout << "            " << _("Connections") << " | " << connections << std::endl;
     std::cout << "  " << _("Network solution rate") << " | " << netsolps << " Sol/s" << std::endl;
     if (mining && miningTimer.running()) {
diff --git a/src/metrics.h b/src/metrics.h
index 701306a4a..2d60d30ca 100644
--- a/src/metrics.h
+++ b/src/metrics.h
@@ -63,6 +63,9 @@ void TrackMinedBlock(uint256 hash);
 
 void MarkStartTime();
 double GetLocalSolPS();
+int EstimateNetHeightInner(int height, int64_t tipmediantime,
+                           int heightLastCheckpoint, int64_t timeLastCheckpoint,
+                           int64_t genesisTime, int64_t targetSpacing);
 
 void TriggerRefresh();