4 min read · Updated 2026-10-25
Block reward and transaction fees
A miner who finds a valid block collects two things: the block subsidy, which is newly issued bitcoin, and the fees paid by the transactions included in that block.
The block subsidy
The subsidy is set by the protocol and halves every 210,000 blocks. It is 3.125 BTC per block since April 2024.
Transaction fees
Users attach a fee to their transaction. Miners prefer higher fees per unit of block space, so fees rise when the network is busy and fall when it is quiet.
Why fees matter long term
As the subsidy shrinks with each halving, fees are expected to make up a larger share of miner revenue. Their level is unpredictable from one week to the next.
What this means for you
Revenue per unit of hashrate changes with the subsidy, the fees, the Bitcoin price and the network hashrate. Any estimate is a snapshot, not a forecast.
Frequently asked questions
Who receives the fees?
The miner or pool that finds the block.
Are fees fixed?
No. They change constantly with network demand.
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