On common what proportion of the entire block reward comes from transaction charges?


The block reward consists of two elements, the block subsidy and the transaction charges. The block subsidy is at present 6.25 ₿ per block and can halve at block 840’000 in about three months. The transaction charges depend upon the present demand for blockspace and may due to this fact be pretty variable. The typical feerates collected within the final 24h had been 0.33 ₿ per block. A few month in the past, miners briefly collected block rewards with transaction charges of over 7 ₿ per block:

A screenshot of the blocks with the highest fees collected since December 1st 2023.

through blockchair.com

If you realize the common feerate in a block, you’ll be able to simply estimate the transaction charges:

The two most recent blocks and the next upcoming block on mempool.space with the average feerate in the block pointed out

through mempool.area

Since blocks can have as much as 1’000’000 vB in digital dimension, 1 s/vB interprets to 10 m₿ of transaction charges. So, ~38 sat/vB right here signifies that the block collected about 380 m₿ = 0.38 ₿ in charges.

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