BTC: Ending-Price Miner Fees — Halving-Day Index

Bitcoin Ending-Price Miner Fees — Halving-Day Index was 0.248% on 7 Nov 2026 (latest daily value).

Daily transaction fees paid to miners, valued in USD at the day's ending BTC price, indexed to 100 on the UTC day of each halving and restarting every epoch.

Why use it. Compare how fee revenue develops through each halving epoch from a common starting level, as the block subsidy halves. How to read it. 100 equals the halving-day value; 300 means three times it. Each halving day starts a new epoch with its own fixed baseline. A missing, zero or negative baseline leaves the whole epoch undefined, with no reseeding or filling: fee values in USD begin on 17 July 2010, so the first epoch (from genesis) has no baseline and the index starts at the first halving, 28 November 2012. The baseline covers the whole halving UTC day, so it is not knowable before that day closes. Fees are valued at one ending price per day, not at each transaction's time. Closed days only; earlier prices are retrospective.

Calculation. 100 × the day's miner fees in USD / their value on the UTC day containing canonical height 210,000 × k for the current epoch. Daily fees are the native transaction fees of the day's blocks in BTC multiplied by that day's admitted ending BTC/USD price. Halving dates come from retained native headers, not a hardcoded calendar, and the denominator stays fixed through the epoch. Decimal division then multiplication at 40 significant digits, half-even, from our own validated Bitcoin Core node.