What is block reward?
The block reward is what the miner of a Bitcoin block collects: the block subsidy of newly created bitcoin plus the fees of every transaction in the block.
How it works
The reward is paid by the block's first transaction, the coinbase transaction, which the miner writes to itself or its pool. The subsidy is set by the halving schedule; the fees depend on how much demand there is for block space.
Why it matters
It is the whole of mining revenue. As the subsidy keeps halving, fees have to carry more of it.
Related terms
All terms: the Bitcoin mining glossary.
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March 22–24, 2027 · Irving Convention Center · Dallas
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