Mining reward (also known as a Block reward) is the compensation that is paid out by the internal incentive mechanism of a cryptocurrency network in order to keep nodes/miners interested enough to continue securing any given blockchain.
A Reward is typically paid out in the form of newly minted/ newly generated cryptocurrency of a network. Rewards are only paid out to users who participate in a network’s consensus mechanism.
example:
The mining reward for bitcoin is 6.25 bitcoin every 10 minutes.
The mining reward for Ravencoin blockchain is 5,000 every 1 minute.