Bitcoin mining rewards and payouts
A block reward is the bitcoin paid for adding a block: new bitcoin plus the transaction fees in that block. A payout is your share of mined bitcoin sent to your own address. They are not the same event. A day here shows the bitcoin mined, the electricity taken out, and what is left.
What comes off the mined bitcoin
The block pays new bitcoin plus transaction fees. A Bitcoin halving is the cut in the new-bitcoin part, and the fees stay separate. Since 2024 the new-bitcoin part is 3.125 BTC per block. A mining pool splits the block across the hashrate, and your hashrate, in TH/s, is your share of that split. The pool fee comes out of that day's mined bitcoin. Bitcoin mining and electricity is the electricity taken out of that same bitcoin. An operations fee of 3% also comes out of that day's mined bitcoin. What remains is the net reward for the day.
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Where a payout goes
Payouts are sent to your own BTC address once the payout threshold is reached. The amount and the day are not guaranteed. You choose the address and the minimum in payout settings. A payout is not the moment a block is found. It is the send, after the day's deductions, when the amount waiting has reached the minimum you set.
The attempts behind that day run on SHA-256 ASICs such as the Antminer S21 XP Hyd, the Whatsminer M60, and the Antminer S19 Pro. Each of them is an ASIC miner. The race is Bitcoin mining, The batch that pays is a Bitcoin block, and Mining difficulty is why the same TH/s is a different share of the network after a retarget. Hosted hashrate and buying a miner is the rental those payouts come from. You can watch a day before you buy on Free Testing.
Frequently asked questions
A block reward is what the network pays for a block. A payout is your share of mined bitcoin, after the day's deductions, sent to your BTC address.
The pool fee, the electricity for that day, and an operations fee of 3%. What is left is the net reward.
To the BTC address you set. It is sent once the amount waiting reaches the minimum you chose.
No. The block is split by the pool. Your payout waits until your minimum is reached, and the amount and the day are not fixed in advance.
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The latest Bitcoin miners
The Bitmain Antminer S23 XP Hyd is a hydro-cooled Bitcoin miner delivering 600 TH/s at an efficiency of 8.9 W/TH.
The Bitdeer Sealminer A4 Ultra Hydro is a hydro-cooled Bitcoin miner delivering 886 TH/s at an efficiency of 9.45 W/TH.
The Bitmain Antminer S23 Hyd 3U is a hydro-cooled Bitcoin miner delivering 1160 TH/s at an efficiency of 9.5 W/TH.
The Bitmain Antminer S23 Hyd is a hydro-cooled Bitcoin miner delivering 580 TH/s at an efficiency of 9.5 W/TH.
The Bitmain Antminer S23e Hyd 2U is a hydro-cooled Bitcoin miner delivering 865 TH/s at an efficiency of 10 W/TH.
The Bitdeer Sealminer A4 Pro Hydro is a hydro-cooled Bitcoin miner delivering 680 TH/s at an efficiency of 10.9 W/TH.
The Bitdeer Sealminer A4 Pro Air is an air-cooled Bitcoin miner delivering 336 TH/s at an efficiency of 10.9 W/TH.
The Bitmain Antminer S23 is an air-cooled Bitcoin miner delivering 318 TH/s at an efficiency of 11 W/TH.
The Bitmain Antminer S21 XP+ Hyd is a hydro-cooled Bitcoin miner delivering 500 TH/s at an efficiency of 12 W/TH.
The Bitmain Antminer S21j XP Hyd is a hydro-cooled Bitcoin miner delivering 495 TH/s at an efficiency of 12 W/TH.