A block reward refers to the number of coins a miner gets if they successfully confirm a whole block of transactions. Many cryptocurrencies including Bitcoin give block rewards to miners. A block reward is made of two components: the block subsidy and transaction fees. The block subsidy consists of newly generated coins and represents the biggest part of a block reward. The other part is made up of all fees paid for all transactions included in the mined block.
Written by Rick Alexsson
Updated over 4 years ago