<p>The <em>block reward</em> consists of two parts, the <em>block subsidy</em> and the <em>transaction fees</em>. The block subsidy is currently 6.25 ₿ per block and will halve at block 840'000 in about three months. The transaction fees depend on the current demand for blockspace and can therefore be fairly variable. The average feerates collected in the last 24h were 0.33 ₿ per block. About a month ago, miners briefly collected block rewards with transaction fees of over 7 ₿ per block:</p>
<p><a href="https://i.sstatic.net/15fRG.png" rel="nofollow noreferrer"><img src="https://i.sstatic.net/15fRG.png" alt="A screenshot of the blocks with the highest fees collected since December 1st 2023." /></a></p>
<p><sup>via <a href="https://blockchair.com/bitcoin/blocks?s=fee_total(desc)&amp;q=time(2023-12-01..)#f=id,time,transaction_count,output_total,output_total_usd,fee_total,size" rel="nofollow noreferrer">blockchair.com</a></sup></p>
<p>If you know the average feerate in a block, you can easily estimate the transaction fees:</p>
<p><a href="https://i.sstatic.net/wtx64.png" rel="nofollow noreferrer"><img src="https://i.sstatic.net/wtx64.png" alt="The two most recent blocks and the next upcoming block on mempool.space with the average feerate in the block pointed out" /></a></p>
<p><sup>via <a href="https://mempool.space" rel="nofollow noreferrer">mempool.space</a></sup></p>
<p>Since blocks can have up to 1'000'000 vB in virtual size, 1 s/vB translates to 10 m₿ of transaction fees. So, ~38 sat/vB here indicates that the block collected about 380 m₿ = 0.38 ₿ in fees.</p>

CC BY-SA 4.0
2024-01-26T15:33:08.070Z
Thanks. Wasn't aware the numbers can jump so much transaction fees per block can exceed the block subsidy. Moments of congestion makes sense. Thanks.
Usman Mutawakil
CC BY-SA 4.0
2024-01-26T14:59:10.867Z
2024-01-26T14:59:10.867Z
Murch
<p><strong>Question</strong></p>
<p>Hello. At the time of this question the reward per block is 6.25 bitcoins. But if I understand correctly that does not include transaction fees. On average, in addition to the 6.25 bitcoins, how many additional bitcoins do miners currently get that are derived from transaction fees and not new bitcoin being created?</p>
<p><strong>More context</strong></p>
<p>I know it varies since the number of transactions varies, as does the cost of the individual fees added to each block, but even some insight on the range of variation in size would be appreciated.</p>

<transaction-fees><block><mining-reward>
On average what percentage of the total block reward comes from transaction fees?
Usman Mutawakil
# On average what percentage of the total block reward comes from transaction fees?

(Asked by: username_0 on 2024-01-26)

**Question**

Hello. At the time of this question the reward per block is 6.25 bitcoins. But if I understand correctly that does not include transaction fees. On average, in addition to the 6.25 bitcoins, how many additional bitcoins do miners currently get that are derived from transaction fees and not new bitcoin being created?

**More context**

I know it varies since the number of transactions varies, as does the cost of the individual fees added to each block, but even some insight on the range of variation in size would be appreciated.

**Tags:** transaction-fees, block, mining-reward


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## 1 answers

### Answer by username_1 on 2024-01-26. Score: 3 | Accepted answer

The *block reward* consists of two parts, the *block subsidy* and the *transaction fees*. The block subsidy is currently 6.25 ₿ per block and will halve at block 840'000 in about three months. The transaction fees depend on the current demand for blockspace and can therefore be fairly variable. The average feerates collected in the last 24h were 0.33 ₿ per block. About a month ago, miners briefly collected block rewards with transaction fees of over 7 ₿ per block:

[![A screenshot of the blocks with the highest fees collected since December 1st 2023.](https://i.sstatic.net/15fRG.png)](https://i.sstatic.net/15fRG.png)

via [blockchair.com](https://blockchair.com/bitcoin/blocks?s=fee_total(desc)&q=time(2023-12-01..)#f=id,time,transaction_count,output_total,output_total_usd,fee_total,size)

If you know the average feerate in a block, you can easily estimate the transaction fees:

[![The two most recent blocks and the next upcoming block on mempool.space with the average feerate in the block pointed out](https://i.sstatic.net/wtx64.png)](https://i.sstatic.net/wtx64.png)

via [mempool.space](https://mempool.space)

Since blocks can have up to 1'000'000 vB in virtual size, 1 s/vB translates to 10 m₿ of transaction fees. So, ~38 sat/vB here indicates that the block collected about 380 m₿ = 0.38 ₿ in fees.

> **Comments:**
> **username_0**: Thanks. Wasn't aware the numbers can jump so much transaction fees per block can exceed the block subsidy. Moments of congestion makes sense. Thanks.  

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