View charts in Landscape for optimal mobile experience. For full functionality and best user experience view this website on laptop or desktop.'

Bitcoin: Miner Revenue (Fees vs Rewards)

Loading...

Zoom in with touchscreen: Touch and hold with ONE finger then drag.

Zoom in on desktop: Left click and drag.

Reset: Double click.

What Is This Chart Showing?

Bitcoin miners currently generate revenue from two sources:

  1. Transaction fees
  2. Mining rewards

Fees are earned when a miner successfully validates a block. The miner earns all the transaction fees from the transactions in that block.

This chart shows the percentage of total revenue that miners earn from transaction fees and the percentage earned from mining rewards.

As the amount of bitcoin entering the network decreases with each halving event, fees will potentially play an increasingly important role for bitcoin miners over time. This is because with each halving event miners will have their mining rewards reduced.

Why Is This Chart Useful?

In previous bull markets, the fees percentage has jumped up around times where the price of Bitcoin ($BTC) has begun to peak. Demand for Bitcoin increases during bull markets as new market participants enter and send transactions across the network.

The inverse is true in bear markets where we see fees as a percentage of total miner revenues drop.

You May Also Be Interested In

Miner Revenue (Fees) screenshot
Miner Revenue (Fees)

Bitcoin miner revenues earned from fees.

Miner Revenue (Total) screenshot
Miner Revenue (Total)

Total Bitcoin miner revenue: fees + mining reward.

Hash Ribbons Indicator screenshot
Hash Ribbons Indicator

Hash Ribbons Indicator: Highlights miner capitulation to identify major price lows.

Make smarter decisions about Bitcoin. Instantly.

Access the Bitcoin and Global Macro Charts that really drive Bitcoin’s price.

+40 chart alerts. Never miss critical levels on charts again.

Analysis newsletter. Manage your emotions at market extremes.

Private Tradingview indicators. See Bitcoin chart levels in real time!

Cancel anytime.

Learn More

Any information on this site is not to be considered as financial advice. Please review the Disclaimer section for more information.