BitcoinBeginner

Block reward

The Bitcoin block subsidy plus transaction fees that a miner may claim for a valid block.

PLAIN-ENGLISH DEFINITION

In more detail

Two sources make up this reward: newly issued bitcoin and fees from the block's transactions. When people casually say 'the reward halves,' they usually mean the subsidy. Fees can still vary from block to block, so the miner's total permitted reward isn't a fixed number.

IN THE WILD

How you might use it

A miner's coinbase transaction claims the allowed subsidy and the fees from the payments included in that block.

SUBSIDY and several unequal FEES pieces enter separate channels and combine into a lime-edged block-shaped reward assembly.
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By Crypto Dictionary · Published · Updated

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