BTC Miner Revenue Tracker — Subsidy vs Fee Ratio Trend
Pricing
Pay per usage
BTC Miner Revenue Tracker — Subsidy vs Fee Ratio Trend
Bitcoin miner revenue tracker: block subsidy vs transaction fees, fee-to-reward ratio, and mining profitability trends. Detect miner selling pressure signals post-halving. No API key. $0.005/run.
BTC Miner Revenue Tracker
BTC Miner Revenue Tracker fetches block-by-block miner economics from the Bitcoin network via Mempool.space — returning a 7-day summary, per-block fee data, and per-block combined revenue. Tracks the subsidy vs. transaction fees split, fee-to-reward ratio trend, and fee_dependency classification. No API key required. $0.005 flat/run.
Bitcoin miner economics are a leading on-chain indicator: when the fee-to-reward ratio drops and USD revenue falls simultaneously, miners face forced selling pressure that precedes BTC price weakness. This actor automates that signal at any schedule.
Why use BTC Miner Revenue Tracker?
- Post-halving sustainability research — After each halving, the block subsidy halves. A rising
fee_ratio_pcttells you whether the fee market is compensating miners — the key long-term indicator of network economic health. - Miner selling pressure alerts — When USD revenue drops sharply (low fees + price decline), miners historically sell BTC to cover costs. Schedule daily runs to feed early-warning models before forced selling hits spot markets.
- Fee market momentum tracking — Track
avg_fees_btcweek over week. Sustained fee growth signals rising on-chain activity demand — typically a bullish leading indicator. - Network health dashboards — Integrate miner revenue alongside price and hashrate in Grafana or trading terminals for a complete macro Bitcoin picture.
- Multi-halving epoch research — Daily runs accumulate a time-series of fee ratios across halvings. Compare 2020 vs. 2024 epoch economics with real data.
How to use
- Open the actor on Apify Store and click Try for free.
- No input required — automatically fetches the last 7 days of block data.
- Click Start. Completes in under 30 seconds.
- Review
summary,block_fees, andblock_revenuerecords in the Dataset tab. - Schedule daily runs to build a fee ratio time series.
Input
No input required. The actor automatically fetches the most recent 7-day block data from Mempool.space.
Output
Three record types per run:
[{"type": "summary","period_days": 7,"avg_subsidy_sat": 312500000,"avg_fees_sat": 8340000,"avg_fees_btc": 0.0834,"avg_fees_usd": 5200,"fee_ratio_pct": 2.60,"fee_dependency": "low","fetched_at": "2026-09-01T08:00:00Z"},{"type": "block_fees","block_height": 853210,"fees_sat": 9120000,"fees_btc": 0.0912,"fees_usd": 5690,"fetched_at": "2026-09-01T08:00:00Z"}]
Key output fields
| Field | Description |
|---|---|
avg_subsidy_sat | Block subsidy (currently 3.125 BTC = 312,500,000 sat post-2024 halving) |
fee_ratio_pct | Fees / (Subsidy + Fees) × 100 — miner fee dependency |
fee_dependency | high (>20%), moderate (10–20%), low (<10%) |
avg_fees_usd | Average transaction fees per block in USD |
Cost estimation
Flat $0.005 per run.
| Schedule | Runs/month | Monthly cost |
|---|---|---|
| Daily | 30 | $0.15 |
| Every 6 hours | 120 | $0.60 |
| Hourly | 720 | $3.60 |
A full year of daily data costs under $2 — far cheaper than premium on-chain subscriptions.
FAQ
What does fee_dependency: "low" mean post-halving?
low (<10%) means miners are still primarily funded by the block subsidy. As halvings continue, the subsidy shrinks — fee_dependency rising toward moderate and high indicates a maturing, self-sustaining fee market.
Why does fee_ratio_pct matter for traders?
When fee ratio drops and USD revenue falls simultaneously, miners face financial pressure and historically sell BTC to cover costs. This metric, combined with hashrate trends, gives early signals of potential miner-driven selling pressure.
What's the data source? Mempool.space's public API — no API key or account required. Data reflects on-chain confirmed blocks.
How is avg_fees_usd calculated?
Average BTC fees per block × BTC spot price at time of fetch. A proxy for mining economics; actual miner realized prices vary.
Related actors
- Bitcoin Network Health Dashboard — Complementary on-chain metrics (NVT, MVRV, mempool, difficulty)
- Institutional Crypto Flows — ETF demand data to correlate with miner revenue pressure
- Crypto Whale Flow Monitor — Exchange inflows from miners often appear as whale-sized transactions
Disclaimer: Data is for informational and research purposes only and does not constitute financial advice.
Feedback
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