Fee share, last 30 days
%Fees as a share of miner revenue over the last 30 days of blocks, as a ratio of sums.
Dashboard · VantagePlanned
Bitcoin Security Budget: Fees vs Block Subsidy
What share of Bitcoin miner revenue comes from transaction fees?
What Bitcoin pays miners to secure the chain each day, and how much of it comes from fees rather than new issuance, across halvings.
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Blueprint
What the dashboard will show.
The dashboard as it will open in Vantage. Each figure is named here and arrives with its receipt; until its data is published, its place stays empty.
Budget
Subsidy, fees and the fee share over recent days.
Paid to miners, last day
BTCSubsidy plus fees paid to miners over the last complete UTC day.
Annual budget in USD
USDA year of miner revenue at the last 30 days' pace, valued at the latest oracle BTC/USD price.
Annual budget as share of supply
%A year of miner revenue at the last 30 days' pace, as a share of circulating supply.
Subsidy and fees by day
BTCSubsidy and fees per day over the selected period, stacked, with halving days marked.
Fee share by day
%The fee share per day over the selected period, with a 30-day ratio of sums drawn through it.
Epochs
The fee share and the budget by halving epoch.
Fee share this epoch
%The fee share of the current halving epoch so far, as a ratio of sums over its blocks.
Fee share last epoch
%The fee share over the whole previous halving epoch, for comparison with the current one.
Fee share by epoch
%The fee share of each halving epoch since the first, as a ratio of sums over its blocks.
Every halving epoch
Each halving epoch with its heights and dates, subsidy per block, total subsidy and fees paid, its fee share and its highest-fee days.
- Period
- Last 90 days, last year or since 2012
About
What it answers, and for whom.
The share of Bitcoin miner revenue that comes from transaction fees is measured here day by day and by halving epoch, from every block's coinbase. Subsidy and fees together are Bitcoin's security budget: what the network pays miners for the hashrate that protects it.
The question matters because the subsidy halves about every four years and eventually ends, so in the long run fees must pay for security on their own. The dashboard shows the budget in BTC, in USD and as a share of the bitcoin in circulation, without forecasting it: each figure reads blocks already mined, pinned to their heights.
Method
How it will be measured.
Every figure will be read at a block, kept with its source and its exact read, and open a receipt anyone can re-check.
How receipts work →- Subsidy and fees are read for each block from getblockstats (subsidy and totalfee) and summed by UTC day and by halving epoch.
- The fee share is fees divided by subsidy plus fees over the same blocks, computed as a ratio of sums rather than as an average of daily ratios.
- The budget in USD uses the Chainlink BTC/USD price on Ethereum at each day's last block; the budget as a share of supply divides a year of revenue at the current pace by circulating supply.
- Each figure is pinned to the last block of its window, with the height and hash.
The data it needs
Read from chain state and history
- bitcoin_network_dailyTo buildBitcoin network by dayBlocks, hashrate implied by difficulty, difficulty, fees, transaction counts, block weight and miner revenue (subsidy plus fees) per day.
- chain_fees_dailyTo buildFees and gas by chainFees paid per chain per day in the native token: base fee and priority fee percentiles, total fees, and the share burned where the chain burns fees.
- native_prices_dailyTo buildOracle prices by dayReference prices of major assets read from on-chain oracle feeds (Chainlink latestRoundData) at each day's last block, with each round's update time.
- bitcoin_supply_dailyTo buildBitcoin supply and holding ageBitcoin issued, supply by coin age band and by output script type (including coins whose public keys are already exposed), supply last moved long ago, and cost-basis measures.
- getblockstats subsidy and totalfee for every block
- Daily and per-epoch sums of subsidy and fees, kept as ratios of sums
- Chainlink BTC/USD latestRoundData on Ethereum at day-end blocks
- gettxoutsetinfo total_amount at the same blocks
Questions
Questions people ask.
What is Bitcoin's security budget?
The total paid to miners, block subsidy plus transaction fees, which funds the hashrate that makes attacks expensive. A larger budget pays for more hashrate, and an attacker would need to outspend it to rewrite recent blocks.
What share of miner revenue comes from fees?
It varies with demand for block space. In quiet periods fees are a small part of revenue; during waves of demand, such as inscription booms or market rushes, they can briefly rival the subsidy. The dashboard shows the share by day and by epoch.
What happens to Bitcoin's security when the subsidy ends?
Miners will be paid by fees alone. Whether fees will pay for enough hashrate is an open debate. This dashboard does not predict the outcome, but it shows how the fee share has actually moved, epoch by epoch, so the debate can rest on measured figures.
What is the Bitcoin security budget problem?
The concern that each halving cuts the subsidy, and that if fees do not grow to replace it, the budget falls relative to the value it protects. Some expect fees to rise with use; others propose changes to the protocol. The dashboard reports the inputs to that argument, not a side of it.
- Security budget
- What the network pays miners over a period, subsidy plus fees, which funds the hashrate that secures it.
- Fee share
- Fees as a share of total miner revenue over the same blocks.
- Halving epoch
- The run of blocks between two halvings, during which the subsidy per block stays the same.
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