BTC Cost per Transaction
Bitcoin
Total daily miner revenue divided by the number of transactions — what the whole network spends to secure one transaction.
Why it matters
It prices security per unit of settlement, which no fee series can express: this is the network's cost, not the user's payment.
How it is built
Miner revenue includes both the block subsidy and fees, so most of this figure is newly issued coin rather than anything a user paid. It is a cost-of-security ratio, not a fee.
What to watch
The distinction matters more than it looks. A user may pay a dollar in fees while the network spends a hundred dollars of subsidy and electricity confirming that same transaction. Every halving cuts the subsidy half away, so this line is the clearest measure of whether fee income is growing fast enough to replace it.
Measured on this chain
BTC Cost per Transaction on Bitcoin last read 47.64 on Sep 19, 2026, a change of -12.35% over 30 days, ranging from 18.08 (Feb 14, 2019) to 300.31 (May 2, 2021).
- Latest reading
- 47.64
- Sep 19, 2026
- Change
- 1d -6.18%
- 30d -12.35%
- 90d -63.43%
- 1y -21.43%
- Range
- Low 18.08·Feb 14, 2019
- High 300.31·May 2, 2021
- Coverage
- Dec 13, 2017 — Sep 19, 2026
- 800 readings
| Date | Value |
|---|---|
| Jul 31, 2026 | 51.04 |
| Aug 4, 2026 | 45.58 |
| Aug 7, 2026 | 44.63 |
| Aug 11, 2026 | 43.36 |
| Aug 15, 2026 | 38.88 |
| Aug 26, 2026 | 52.23 |
| Aug 30, 2026 | 53.18 |
| Sep 3, 2026 | 58.63 |
| Sep 7, 2026 | 51.1 |
| Sep 11, 2026 | 48.38 |
| Sep 15, 2026 | 50.78 |
| Sep 19, 2026 | 47.64 |
Read from our own stored series, not quoted from a page.