• About
  • FAQ
  • Earn Bitcoin while Surfing the net
  • Buy & Sell Crypto on Paxful
Newsletter
Approx Foundation
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Approx Foundation
No Result
View All Result
Home Bitcoin

On average what percentage of the total block reward comes from transaction fees?

Moussa by Moussa
January 27, 2024
in Bitcoin
0
peer discovery – how to obtain the IP addresses of nodes for mining pools?
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


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.

via blockchair.com

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

via 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.



Source link

Related articles

Ripple Targets Turkey’s $200 Billion Crypto Market Amid Lira Pressure

Ripple Targets Turkey’s $200 Billion Crypto Market Amid Lira Pressure

October 6, 2026
CFTC Approval “Opens Many Doors” For Bitcoin

CFTC Approval “Opens Many Doors” For Bitcoin

October 6, 2026
Share76Tweet47

Related Posts

Ripple Targets Turkey’s $200 Billion Crypto Market Amid Lira Pressure

Ripple Targets Turkey’s $200 Billion Crypto Market Amid Lira Pressure

by Moussa
October 6, 2026
0

Key TakeawaysTurkey recorded nearly $200 billion in annual transactions, according to Chainalysis.Garanti BBVA’s digital asset service is available to its...

CFTC Approval “Opens Many Doors” For Bitcoin

CFTC Approval “Opens Many Doors” For Bitcoin

by Moussa
October 6, 2026
0

The SEC’s proposed custody rules could make it easier for investment advisors to help clients own Bitcoin directly. Coinbase’s Ryan...

Brazil Calls Its Own Betting Laws Unconstitutional as Shutdown Begins

Brazil Calls Its Own Betting Laws Unconstitutional as Shutdown Begins

by Moussa
October 5, 2026
0

Key TakeawaysBrazil’s government lawyers asked the Supreme Court on Oct. 2 to void its 2018 and 2023 betting laws.Licensed betting...

Nobel Peace Prize Polymarket Odds as Sudan Emergency Rooms Lead at 13.4%

Nobel Peace Prize Polymarket Odds as Sudan Emergency Rooms Lead at 13.4%

by Moussa
October 5, 2026
0

Sudan’s Emergency Response Rooms had the highest Yes price on the 2026 Nobel Peace Prize Polymarket odds at 13.4% in...

Justin Sun Prize’s New Round Honors Human–AI Collaboration on Erdős Problems

Justin Sun Prize’s New Round Honors Human–AI Collaboration on Erdős Problems

by Moussa
October 5, 2026
0

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed...

Load More

youssufi.com

sephina.com

[vc_row full_width="stretch_row" parallax="content-moving" vc_row_background="" background_repeat="no-repeat" background_position="center center" footer_scheme="dark" css=".vc_custom_1517813231908{padding-top: 60px !important;padding-bottom: 30px !important;background-color: #191818 !important;background-position: center;background-repeat: no-repeat !important;background-size: cover !important;}" footer_widget_title_color="#fcbf46" footer_button_bg="#fcb11e"][vc_column width="1/4"]

We bring you the latest in Crypto News

[/vc_column][vc_column width="1/4"][vc_wp_categories]
[/vc_column][vc_column width="1/4"][vc_wp_tagcloud taxonomy="post_tag"][/vc_column][vc_column width="1/4"]

Newsletter

[vc_raw_html]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[/vc_raw_html][/vc_column][/vc_row]
No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2024 APPROX FOUNDATION - The Crypto Currency News