Update
Zcash’s NU7 Upgrade Details
Zcash's NU7 upgrade sends 60% of each block's transaction fees to a reserve for future block rewards. Payouts start at block 8,939,664, and the existing halving schedule remains in place. The reserve is still mostly inherited value, with about 99.7% of its balance coming from previously unclaimed subsidy and fees. The NSM balance at block 3,547,068 is 369.7 ZEC, with 1.11895065 ZEC accumulated under new rules. The reserve is expected to support future block subsidies as NU7's fee demand over time determines its future contributions.