Bitcoin Miner Revenue Composition metric

Metric · PageRank 0.0008

Overview

Bitcoin miner revenue is composed of exactly two elements: the coinbase block subsidy — newly issued bitcoin awarded to the miner of each block — and the transaction fees paid by users whose transactions are included in that block. Blockchain.com's Miners Revenue chart, a standard reference for this metric, measures the total USD value of both components combined. The subsidy started at 50 BTC per block and halves every 210,000 blocks; it stands at 3.125 BTC as of 2026. Because the subsidy declines geometrically toward zero as the 21 million supply cap is approached around 2140, the fee share of miner revenue is expected to rise over time until fees are the only source of miner income.

Within the DeFi Intel graph, Bitcoin Miner Revenue Composition connects to 1 tracked entity, most strongly to Bitcoin Halving 2024.

Relations

Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).

Frequently asked questions

What makes up Bitcoin miner revenue?

Two components: the coinbase block subsidy of newly created bitcoin, and transaction fees from the transactions included in the block.

What is the current block subsidy?

3.125 BTC per block as of 2026. The subsidy began at 50 BTC and halves every 210,000 blocks.

Why does the revenue mix matter?

As the subsidy halves toward zero and the 21 million cap is reached, expected around 2140, miners will earn only from transaction fees — so the fee share of revenue is a long-run indicator of network security economics.