By using this site you consent to accept Mesmer Data LLC's analytics and functional cookies.
Read more by clicking 'Cookie Settings' here, or in the bottom menu.

BTC - Block Coinbase Value / Miner Revenue (Sat)


Bitcoin Coinbase Transaction Value (Miner Revenue) shows the BTC paid to miners, including both the minted BTC and fee components. After each Bitcoin halving, the minted block reward shrinks, but fees do not.

Bitcoin's USD Market Price is included for reference.


for each block in blockchain:
  (x,y) := (block.time, block.cbtx_val_btc)

for each hour in blockchain:
  hr_cbtx_val_btc := avg(blockchain[hr_start:hr_end].cbtx_val_btc)
  (x,y) := (hour, hr_cbtx_val_btc)

for each day in blockchain:
  day_cbtx_val_btc := avg(blockchain[day_start:day_end].cbtx_val_btc)
  (x,y) := (day, day_cbtx_val_btc)

Technical Info

Miner revenue is important for the health of the network, and yet competition within the mining industry has always been fierce. It has been an efficiency war for hashrate and power. If miners don't make enough revenue during the bear markets to cover running costs they are often simply forced out of business on the spot.

In the distant future mining will be exhausted, and only fees will incentivize miners.

  • Hourly and daily aggregations are derived from block data using average for this metric.
  • Hourly data contains occasional gaps; no blocks were generated during these times.


This site is currently in Beta, and there will likely be some bugs. If you find any, please check out the FAQ first, and then let us know! Thanks! Chart views are saved between visits, so if you have any display issues and want to reset your chart view, click here.

This site is for informational use only. Users are required to conduct their own analysis, draw their own conclusions, and make their own financial decisions. Consult with qualified professionals before making investments. This service is not intended as legal, financial or investment advice. For full details please visit our Disclaimers page.