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Block reward
Rick Alexsson avatar
Written by Rick Alexsson
Updated over a week ago

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.

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