Summary
- A Bitcoin block with the second-highest number of transactions on record was mined on the network, but the miner collected only about $180 in transaction fees.
- Block 974961, mined by AntPool, contained 11,255 transactions, the second-highest total on record, while fees came to just 0.00240533 BTC.
- If the block subsidy falls to 1.5625 BTC after the next halving around April 2028, the transaction fees from this block would not offset even 0.2% of the reduced subsidy.
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A Bitcoin block with the second-highest transaction count on record was mined on the network, but the miner collected only about $180 in transaction fees.
CoinDesk, citing mempool.space data, reported on November 9 that mining pool AntPool mined block 974961 on November 7 with 11,255 transactions.
That was the second-highest transaction count ever recorded in a Bitcoin block, trailing only the 12,239 transactions logged in August 2015. Even so, the block generated just 0.00240533 BTC in fees, or about $180.
Some of the transactions were processed at fees below Bitcoin Core’s default minimum relay fee of 0.1 sat/vB.
The next Bitcoin halving, scheduled for around April 2028, is projected to reduce the block subsidy to 1.5625 BTC. The transaction fees generated by this block would not make up even 0.2% of the subsidy reduction caused by the halving.
JH Kim
