Rewards

Contents

Average Mining Reward

Definition

The mean mining reward (transaction fees + issuance) of the blocks currently being mined across all major mining pools, in native units (e.g. units of BTC).

Dictionary

Methodology

Coin Metrics collects data from major mining pools through the Stratum protocol, a popular software used by individual miners to connect to mining pools. That enables Coin Metrics to access all data a mining pool constituent would normally see. In order to compute this metric, the coinbase transactions of all blocks currently being worked on by major mining pools are aggregated and assessed. The statistical mean is then calculated.

Available Assets

Bitcoin (BTC)

Sample Query

Mining Reward Spread

Definition

The difference between the highest and lowest miner reward of the blocks being mined by the major mining pools.

Dictionary

Methodology

Coin Metrics collects data from major mining pools through the Stratum protocol, a popular software used by individual miners to connect to pools. That enables Coin Metrics to access all data an individual constituent of a mining pool would normally receive. In order to compute this metric, the coinbase transactions of all blocks currently being worked on by major mining pools are aggregated and assessed. The difference between the highest and lowest coinbase transaction is then calculated.

Available Assets

Bitcoin (BTC)

Sample Query

API Endpoints

metrics can be accessed using these endpoints:

  • timeseries/asset-metrics

and by passing in the metric ID's mining_reward* in the metrics parameter.

curl --compressed "https://api.coinmetrics.io/v4/timeseries/asset-metrics?metrics=mining_reward_mean&assets=btc&pretty=true&api_key=<your_key>"

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