I just mentioned the 128 rounds to calculate the % reduction in overall calculation, 3 out of all 128 rounds (ignoring the other calculations that need to be done).
If you are counting all rounds, then it's 192 rounds. The first SHA256 requires 128 rounds (because the header is larger than 512 bits) and the second only requires 64 rounds (because it is hashing the 256 bit hash).This is mentioned here: http://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html
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Unfortunately the SHA-256 hash works on a block of 512 bits, but the Bitcoin block header is more than 512 bits. Thus, a second set of 64 SHA-256 hash rounds is required on the second half of the Bitcoin block. Next, Bitcoin uses double-SHA-256, so a second application of SHA-256 (64 rounds) is done to the result. Adding this up, hashing an arbitrary Bitcoin block takes 192 rounds in total. However there is a shortcut. Mining involves hashing the same block over and over, just changing the nonce which appears in the second half of the block. Thus, mining can reuse the result of hashing the first 512 bits, and hashing a Bitcoin block typically only requires 128 rounds.