Mining Reward

    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.

   The mining reward for bitcoin is 6.25 bitcoin every 10 minutes.
   The mining reward for  Ravencoin blockchain is 5,000 every 1 minute.

      Related Terms:



BTC: bc1qcskmel9llhrdqj3arxyqnennx4ashvfutlreyy
LTC: ltc1qa0fj4lcu5365rep50aza5fqqvx8ef0afemh6s5
ETH: 0x071D72dbc48ad2Fe35daE256eCF0834C5dde688c
DASH: XgXHqVyJiQNdVVszH9cnqCP4uWcP8tVxdK
BNB: bnb1mau4j8kry0jgw45ufy69hvhd0k04llet8fk2p6

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