Current block subsidy

As of 2026-07-22 the block subsidy is 3.125 BTC, in effect since the fourth halving at block 840,000 (2024-04-20 UTC). It remains 3.125 BTC for every block until height 1,050,000, when it drops to 1.5625 BTC. This number drifts on halving events — any use of this entry after the next halving must be re-verified.

Nuance: "Block reward" is often used loosely for the subsidy, but a miner's total reward is subsidy plus that block's transaction fees. Precise usage: subsidy = new issuance; reward = subsidy + fees.

Common misstatements:

• "The block reward is 6.25 BTC." — That was the pre-April-2024 subsidy; current is 3.125 BTC.
• "Miners earn 3.125 BTC per block." — That is the subsidy floor; total revenue per block includes fees and varies block to block.