Bitcoin Block Reward & Fee Tracker

Track Bitcoin's current block reward, halving history, and transaction fee trends. Understand how miners earn revenue from block subsidies and fees.

How Bitcoin miners get paid.
Block subsidies and transaction fees — the two pillars of mining revenue.

Bitcoin miners earn revenue from two sources: the block subsidy (newly minted BTC) and transaction fees paid by users. The block subsidy halves every 210,000 blocks, making transaction fees increasingly important over time. Track live reward data and fee trends below.

Current Block Reward Stats

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Block Reward History by Epoch

Bitcoin's block reward halves every 210,000 blocks. Each epoch mints a progressively smaller amount of BTC, ensuring the total supply never exceeds 21 million. The table below shows all past, current, and upcoming reward epochs.

Epoch Block Range Reward
1 0 – 209,999 50 BTC
2 210,000 – 419,999 25 BTC
3 420,000 – 629,999 12.5 BTC
4 630,000 – 839,999 6.25 BTC
5 Current 840,000 – 1,049,999 3.125 BTC
6 Next 1,050,000 – 1,259,999 1.5625 BTC

Bitcoin Supply Progress

Over 94% of all Bitcoin has already been mined. The remaining supply will be distributed over the next century through diminishing block rewards. The progress bar below shows the total BTC in circulation relative to the 21 million hard cap.

Total Mined vs. Maximum Supply -- / 21,000,000 BTC
0 BTC 21,000,000 BTC (hard cap)

Mined

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Remaining

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% Mined

--%

Miner Revenue Breakdown

Miners currently earn the vast majority of their revenue from the block subsidy. As halvings continue, transaction fees will play an increasingly critical role in sustaining network security.

Revenue Sources (Per Block)

Block Subsidy 3.125 BTC (~90%)
Transaction Fees Varies (~10%)

The shift is underway: As the block subsidy halves every ~4 years, transaction fees become a larger share of miner revenue. By the time the subsidy approaches zero (around 2140), fees will be the sole incentive for miners to secure the network. Growing adoption and Layer-2 solutions like the Lightning Network are expected to generate sufficient fee volume.

How Miners Earn Revenue

Bitcoin miners compete to add new blocks to the blockchain by solving complex mathematical puzzles. When a miner successfully adds a block, they earn revenue from two sources:

Block Subsidy (Newly Minted BTC)

The protocol creates new Bitcoin and awards it to the miner who mines each block. Currently set at 3.125 BTC per block, this subsidy halves every 210,000 blocks — approximately every four years. This is the primary revenue source for miners today.

Transaction Fees

Users attach fees to their transactions to incentivize miners to include them in the next block. Fees are measured in satoshis per virtual byte (sat/vB). During periods of high demand, fees can spike significantly. Miners prioritize transactions with higher fees.

The Diminishing Subsidy

Bitcoin's halving schedule is one of the most elegant aspects of its design. By reducing the block subsidy by 50% every 210,000 blocks, Bitcoin enforces a predictable, disinflationary monetary policy. This creates increasing scarcity over time.

The first epoch (2009-2012) distributed 50 BTC per block, accounting for half of all Bitcoin that will ever exist. Each subsequent epoch mints exactly half the coins of the previous one. By the time all 32+ halvings are complete around the year 2140, the subsidy will round down to zero, and exactly 21 million BTC will have been created.

For miners, each halving represents a critical economic event. Revenue from block subsidies drops by 50% overnight, forcing less efficient operations to shut down. However, this also means the remaining miners receive a larger share of the network's hashrate rewards, and historically, BTC price appreciation has more than compensated for the reduced subsidy.

Why Transaction Fees Matter

As the block subsidy continues to decrease, transaction fees are becoming increasingly important for Bitcoin's long-term security model. Without sufficient fee revenue, miners would lack economic incentive to secure the network once the subsidy becomes negligible.

Growing Adoption

As more people and institutions use Bitcoin, transaction volume increases. More transactions competing for limited block space drives fees higher, providing miners with revenue to replace the diminishing subsidy.

Layer-2 Solutions

Technologies like the Lightning Network process millions of small transactions off-chain, settling periodically on-chain. These settlement transactions generate fees, and as Layer-2 adoption grows, so does on-chain fee revenue.

Network Security

Transaction fees are the long-term security budget for Bitcoin. They ensure miners remain incentivized to contribute hashpower even after the block subsidy becomes negligible, keeping the network resistant to attacks.

Fee Market Dynamics

Bitcoin's limited block space (roughly 1MB of weight per block) creates a natural fee market. When demand exceeds supply, users bid higher fees for faster confirmation. This market-driven mechanism self-adjusts based on network usage.

Frequently Asked Questions

What is the current Bitcoin block reward?
The current block reward (subsidy) is 3.125 BTC per block. This was set after the 4th halving in April 2024 and will remain until the next halving at block 1,050,000 (estimated around 2028), when it will drop to 1.5625 BTC.
How much do Bitcoin miners earn per day?
With approximately 144 blocks mined per day at 3.125 BTC each, the total daily block subsidy is 450 BTC per day. In addition, miners collectively earn transaction fees that vary based on network congestion, typically adding 10-30+ BTC per day on top of subsidies.
What are transaction fees measured in (sat/vB)?
sat/vB stands for "satoshis per virtual byte." A satoshi is the smallest unit of Bitcoin (0.00000001 BTC). Virtual bytes measure the "weight" of a transaction in the block. A typical Bitcoin transaction is about 140-250 vBytes. For example, at 20 sat/vB, a 200 vB transaction would cost 4,000 satoshis (0.00004 BTC) in fees.
Will miners still be profitable when the block reward reaches zero?
The block subsidy won't reach zero until approximately 2140. By then, Bitcoin is expected to have much wider adoption, generating enough transaction fee volume to sustain mining operations. Even today, during periods of high network activity, transaction fees can exceed 1-2 BTC per block — demonstrating the fee market's potential.
How does NoxHash help me earn block rewards?
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