BTC: Claimed Rewards Minus Fixed Model Cost - Cumulative

Bitcoin Claimed Rewards Minus Fixed Model Cost - Cumulative was $40,385,378,605.2 on 7 Nov 2026 (latest daily value).

Everything Bitcoin miners have earned (new coins plus fees, at each day's price) minus the difficulty model's cost of the new coins, added up since 17 July 2010, in US dollars.

Why use it. It shows whether, over Bitcoin's priced history, mining rewards have run above or below the model's cost. How to read it. Above zero, rewards add up to more than the model cost; below zero, to less. It is not audited miner profit: no real electricity, hardware or operating cost is measured.

Calculation. Exact definition: Cumulative claimed mining reward value minus cumulative fixed-model cost, in USD, over the priced period since 2010-07-17. Positive values mean cumulative reward value exceeds cumulative model cost; the signed difference is kept. It is not audited miner profit, retained earnings or measured operating cost. Both sums start at 2010-07-17, so earlier days are excluded rather than counted as zero. A missing or invalid day makes the rest of the series undefined until repaired, and changing the viewport never restarts the sums. Open days are null; earlier prices are retrospective. Cumulative claimed reward USD − cumulative fixed-model cost USD. Rewards are actual claimed coinbase BTC, fees included once, valued at each day's admitted D+1 00:00 UTC quote; model cost is the model USD/BTC price times actual daily net issuance BTC. Daily rounded products accumulate with guarded exact-prefix arithmetic. Coefficients are not refitted to our data. Daily observations use the highest canonical block assigned to the UTC header-time day.