Bitcoin miners earned $41.27 million on October 28, 2026, according to Blockchain.com’s daily bitcoin mining revenue data. Blockchain.com counts the total value of coinbase block rewards and transaction fees paid to miners. The same series shows $107.76 million on April 20, 2024, and transaction fees alone paid miners $81.05 million that day.
Fees made up 75.22% of revenue on April 20, 2024. That share fell to 0.51% on October 28, 2026. The most recent halving occurred in April 2024, reducing the block reward from 6.25 bitcoin to 3.125 bitcoin per block. Figures below are quoted in US dollars or in bitcoin (BTC), as each source reports them, and today’s miner income rests almost entirely on the subsidy.
Key Takeaways
- Daily miner revenue stood at $41.27 million on October 28, 2026, per Blockchain.com.
- Miners took in $107.76 million on April 20, 2024, the highest daily total among the dates this article reports.
- Fees supplied 75.22% of revenue on April 20, 2024, and 0.51% on October 28, 2026.
- The block reward fell from 6.25 bitcoin to 3.125 bitcoin per block in April 2024.
- Halving block 840,000 alone paid 37.63 BTC in fees, while the whole network paid 2.39 BTC in fees on October 28, 2026.
- Daily revenue fell 53.51% from May 10, 2020 to May 12, 2020, across the May 2020 halving.
- MARA’s revenues grew 38% to $907.1 million in 2025, per its fourth-quarter shareholder letter.
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- Network transaction fees: $210,131 on October 28, 2026.
- Network transaction fees on the halving day: $81.05 million on April 20, 2024.
- Daily fees in bitcoin terms: 1,495.95 BTC on December 22, 2017.
- Daily miner revenue in April 2021: $80.17 million on April 15, 2021.
- Daily miner revenue in June 2026: $23.21 million on June 7, 2026.
- Next halving: anticipated to occur around April 2028.
Bitcoin Miner Revenue Per Day
- Blockchain.com recorded $41.27 million in miner revenue on October 28, 2026.
- April 20, 2024 brought $107.76 million, up from $71.04 million on April 19, 2024.
- June 7, 2026 produced $23.21 million, the lowest day between May 25 and June 19, 2026 in the same series.
- The halving-day total was 2.61 times the October 28, 2026 figure.
- Blockchain.com reports the series in USD with a daily period.
| Date | Miner revenue ($ millions) |
|---|---|
| April 15, 2021 | 80.17 |
| April 20, 2024 | 107.76 |
| June 7, 2026 | 23.21 |
| October 5, 2026 | 52.93 |
| October 28, 2026 | 41.27 |
Source: Blockchain.com Charts, 2021 to 2026
How much do Bitcoin miners earn per day?
Bitcoin miners as a group earned $41.27 million on October 28, 2026, per Blockchain.com. Daily totals in October 2026 included $34.63 million on October 22 and $52.93 million on October 5. The figure covers the whole network, so any single operation earns a small slice of it.
About This Data
Figures are compiled from 19 sources: 9 company filings with the SEC, 3 Blockchain.com charts, 4 mempool.space block records and 3 protocol documents. Filings date from February to August 2026, and the explorer data runs through October 28, 2026. Only primary filings, protocol code and explorer data qualified. Figures are reviewed on a rolling basis and updated when sources publish new data.
Block Subsidy vs Transaction Fees Split
- A winning miner receives newly issued bitcoin (block subsidy) and transaction fees associated with the validated transactions, per MARA’s annual report.
- Fees rose to $81.05 million on April 20, 2024, from $7.77 million on April 19.
- Total miner revenue on April 20, 2024 was $107.76 million.
- That put the fee share of revenue at 75.22% on April 20, 2024.
- Fees on October 28, 2026 came to $210,131, and the fee share that day was 0.51%.
- Satoshi Nakamoto’s whitepaper states that “the incentive can transition entirely to transaction fees and be completely inflation free”.
View the data
Key finding: Blockchain.com’s daily data shows $81.05 million in fees on April 20, 2024, or 75.22% of revenue. Fees were 0.51% of revenue on October 28, 2026. Miner income now moves with the subsidy and the bitcoin price, not with fee demand.
Bitcoin Block Subsidy Schedule by Halving
- Bitcoin Core starts the subsidy at 50 coins and cuts it in half every 210,000 blocks, approximately every 4 years.
- Block 210,000 lowered the subsidy to 25 BTC, and block 420,000 lowered it to 12.5 BTC.
- At each Bitcoin halving, the block subsidy portion of the miner reward is cut in half.
- The most recent halving occurred in April 2024, reducing the block reward from 6.25 bitcoin to 3.125 bitcoin per block.
- The next halving is anticipated to occur around April 2028, although the exact timing depends on the rate at which blocks are mined.
- The code forces the subsidy to zero once halvings reach 64.
View the data
Halving events will continue until the aggregate supply of bitcoin reaches 21,000,000, according to MARA’s 10-K. Each cut halves the subsidy in coin terms, while the dollar value depends on the bitcoin price on the day.
Recent Developments
- August 4, 2026: Cipher Digital reported Q2 2026 revenue of $25 million and Adjusted EBITDA of negative $30 million.
- August 6, 2026: MARA reported Q2 2026 revenue of $174.9 million, a decrease of 27% from $238.5 million in Q2 2025.
- August 10, 2026: Riot reported quarterly revenue of $174.2 million, a 14% increase year over year, including $23.2 million in Data Center revenue.
- August 27, 2026: IREN reported Bitcoin Mining Revenue of $66.7 million for the quarter ended June 30, 2026, against $111.2 million for the quarter ended March 31, 2026.
- October 28, 2026: Network transaction fees totaled 2.39 BTC for the day, per Blockchain.com.
Halving Blocks and Dates
- Block 210,000 holds 457 transactions.
- Block 420,000 holds 1,257 transactions.
- Block 630,000 holds 3,134 transactions.
- Block 840,000 holds 3,050 transactions.
- MARA’s 10-K places the most recent halving in April 2024.
| Halving block | Date and time (UTC) | Transactions in block |
|---|---|---|
| 210,000 | November 28, 2012, 15:24 | 457 |
| 420,000 | July 9, 2016, 16:46 | 1,257 |
| 630,000 | May 11, 2020, 19:23 | 3,134 |
| 840,000 | April 20, 2024, 00:09 | 3,050 |
Source: mempool.space
Dates and times in the table are converted from each block’s Unix timestamp, which counts seconds in UTC.
Miner Revenue Before and After Each Halving
- Revenue went from $115,928 on November 27, 2012 to $70,185 on November 29, 2012.
- That was a 39.46% decline across the 2012 halving.
- Revenue fell 47.39% from July 8, 2016 to July 10, 2016.
- Revenue fell 53.51% from May 10 to May 12, 2020.
- Revenue was $71.04 million on April 19, 2024, and it fell 28.47% by April 21, 2024.
View the data
Worth noting: Blockchain.com values revenue in US dollars, so each daily figure blends the subsidy, fees and the bitcoin price. Revenue was $8.95 million on May 12, 2020, and $7.11 million on May 17, 2020. A price move in the days after a halving can widen or narrow the visible drop.
Block 840,000 and the April 2024 Halving Day
- Block 840,000 held 3,050 transactions and was mined by the ViaBTC pool.
- Its total reward came to 40.75 BTC, of which 37.63 BTC was fees.
- The remaining 3.125 BTC matched the new block subsidy.
- The Runes protocol activates on block 840,000, and runestones in earlier blocks are ignored, per the Ordinals documentation.
- That one block paid 15.75 times the network’s fees for October 28, 2026.
| Measure | Value |
|---|---|
| Transactions in block 840,000 | 3,050 |
| Fees in block 840,000 (BTC) | 37.63 |
| Total reward for block 840,000 (BTC) | 40.75 |
| Network fees on April 20, 2024 (BTC) | 1,257.72 |
| Network fees on April 20, 2024 ($ millions) | 81.05 |
Source: mempool.space, Blockchain.com Charts
By the numbers: Network fees reached 1,257.72 BTC on April 20, 2024, per Blockchain.com. Block 840,000 contributed 37.63 BTC, according to mempool.space. Daily revenue hit $107.76 million. The fee burst on the first day of the smaller subsidy briefly made up for the cut.
Transaction Fee Spikes Paid to Miners
- Fees rose to $17.77 million on May 8, 2023, from $1.40 million on April 30, 2023.
- April 20, 2024 fees came to $81.05 million.
- Fees stayed at $23.70 million on December 17, 2023, a day after reaching $23.75 million on December 16.
- Fees came to $22.37 million on April 21, 2024.
- By May 3, 2024, daily fees were back at $2.08 million.
View the data
December 16, 2023 brought $23.75 million in fees, and April 23, 2024 brought $29.86 million. Each burst faded within days, which is why fee income has not offset a halving for long.
Transaction Fees in BTC: Daily Records and Lows
- Fees totaled 1,495.95 BTC on December 22, 2017, the highest daily total in bitcoin terms among the dates this article reports.
- December 21, 2017 brought 1,128.76 BTC.
- Fees came to 344.08 BTC on April 21, 2024, and 438.55 BTC on April 23, 2024.
- October 2026 daily fees dipped to 1.86 BTC on October 25, and reached 3.30 BTC on October 15.
- Fees on December 22, 2017 were 626.11 times the October 28, 2026 figure.
View the data
Bitcoin Miner Revenue in October 2026
- Daily revenue dipped to $34.63 million on October 22, 2026, and rose to $49.24 million on October 20, 2026.
- October 3, 2026 brought $37.33 million, and October 17 brought $37.65 million.
- Daily fees fell to $167,086 on October 24, 2026, against $236,997 on October 22, 2026.
- Network revenue says nothing about margins: Hashprice and break-even costs decide what an individual miner keeps.
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Listed Bitcoin Miner Revenue From Filings
- MARA Holdings reported that revenues grew 38% to $907.1 million from $656.4 million in 2024.
- For 2025, Riot’s results show a $255.3 million increase in Bitcoin Mining revenue, within total revenue of $647.4 million.
- In 2025, Riot Platforms also produced 5,686 bitcoin, as compared to 4,828 in 2024.
- Cipher Digital reported revenue from bitcoin mining of $151.3 million in 2024 and $126.8 million in 2023.
- Hut 8 reported a Compute segment of $202.3 million in 2025 revenue; that table does not break mining out as its own line.
- IREN’s Bitcoin Mining Revenue was $484.6 million in the year ended June 30, 2025.
View the data
IREN’s Bitcoin Mining Revenue reached $578.2 million in the year ended June 30, 2026. In 2025, Riot’s Bitcoin Mining revenue came to $576.3 million for the year. Hut 8 reported total revenue of $235.1 million for 2025, and Cipher Digital reported $223.9 million in revenue from bitcoin mining. Company revenue lines differ in scope and fiscal year, so the table compares filings rather than shares of network revenue.
Listed Miner Quarterly Revenue in 2026
- MARA produced 2,422 BTC at an average price of $71,325 in Q2 2026.
- MARA sold 2,213 BTC at an average price of $73,078.
- IREN reported AI Cloud Services revenue of $70.5 million for the quarter ended June 30, 2026.
- Riot’s quarterly revenue of $174.2 million included $23.2 million in Data Center revenue.
- Cipher Digital posted Adjusted EBITDA of negative $30 million for Q2 2026.
| Company | Quarter | Revenue line | Revenue ($ millions) |
|---|---|---|---|
| MARA | Q2 2026 | Revenue | 174.9 |
| Riot | Q2 2026 | Quarterly revenue | 174.2 |
| IREN | Quarter ended June 30, 2026 | Bitcoin Mining Revenue | 66.7 |
| Cipher Digital | Q2 2026 | Revenue | 25 |
Source: MARA Holdings, Riot Platforms, IREN, Cipher Digital SEC filings, August 2026
How Bitcoin Mining Revenue Is Measured
- Blockchain.com’s Miners Revenue series uses USD as its unit and a day as its period.
- The series counts the total value of coinbase block rewards and transaction fees paid to miners.
- Under Bitcoin’s proof-of-work rules, the first miner to successfully validate a block receives newly issued bitcoin and the associated transaction fees.
- By convention, the first transaction in a block starts a new coin owned by the creator of the block, per the Bitcoin whitepaper.
- mempool.space reports block fees in satoshis, listing 3,762,561,499 for block 840,000.
| Series | Publisher | Unit | Period |
|---|---|---|---|
| Miners Revenue | Blockchain.com | USD | Day |
| Total Transaction Fees, US dollars | Blockchain.com | USD | Day |
| Total Transaction Fees, bitcoin | Blockchain.com | BTC | Day |
| Block records | mempool.space | Satoshis | Per block |
Source: Blockchain.com Charts, mempool.space
What is Bitcoin mining?
Bitcoin mining rigs, known as application-specific integrated circuits (ASICs), compete to process unconfirmed transactions and assemble them into a block. The first miner to validate a block through proof-of-work receives newly issued bitcoin and the block’s transaction fees, per MARA’s annual report.
What happens to miner revenue after the block subsidy ends?
Bitcoin Core forces the block subsidy to zero once halvings reach 64, and halving events continue until the aggregate supply of bitcoin reaches 21,000,000. After that point, the whitepaper says “the incentive can transition entirely to transaction fees”. Miner revenue would then depend wholly on what users pay to move bitcoin.
Conclusion
Miners earned $41.27 million on October 28, 2026, against $107.76 million on April 20, 2024. Fees made up 0.51% of the recent total. The subsidy carries the network’s miner income, and the 2023 and 2024 fee spikes faded within days. The next halving is anticipated to occur around April 2028, when the daily series will show how much of the next cut reaches miners.
