Miner Outflow Volume
- 1M1M
- 3M3M
- 6M6M
- 1Y1Y
- ALLALL
- LinearLinear
- LogLog
About this metric
What it measures
Miner Outflow Volume totals the BTC transferred out of addresses attributed to miners each day. It measures outgoing movement of mining-related holdings in BTC, not just transfers to exchanges or newly mined coins.
How to read it
An increase shows more BTC moving out of identified miner wallets, potentially for operating payments, distribution or custody changes. The 2024 daily high was about 8,155 BTC on July 23, whereas the full-history high was about 165,845 BTC on September 10, 2012. Low volume means less observed outgoing movement, without establishing that miners are financially comfortable.
Outflows are not confirmed sales and may include pool payouts or wallet reorganization, depending on address attribution. Held reserves can be moved alongside fresh issuance, so volume need not match the block subsidy. Halvings, wallet labels and changing mining structures limit comparisons across eras; compare flows with miner revenue and balances.
- Frequency
- Daily (UTC 00:00)
- Asset
- BTC
- Category
- Transfers & Transactions
- Type
- Single value
- Unit
- BTC
- Data since
- 2009-01-03
- Latest data
- 2026-10-27
- Data points
- 6,507
FAQ
Are miner outflows only BTC sent to exchanges?
No. This series tracks outgoing transfers from identified miner addresses without restricting the destination to an exchange. A miner-to-exchange measure would cover only that narrower route.
Why can miner outflows exceed the amount mined that day?
Miners can transfer coins accumulated earlier as well as recent rewards. Outflow is movement of holdings, while daily issuance is newly created supply.
Does a halving automatically cut miner outflows in half?
No. A halving cuts the block subsidy, not the amount miners choose to move from existing wallets. Changes in reserves, fees, payouts and operating arrangements can keep outflows above or below a simple issuance comparison.
