What is Block Reward?

[Wilmer Garcia 0]

Greetings to all the members who are just starting out in this world of cryptocurrencies, I want to help them have the necessary knowledge about the most used terms in this market.  

 

What is Block Reward?

The block reward is a certain amount of cryptocurrencies that are given to miners in payment form after successfully extracting a block.

 

I hope I helped you. 
If you liked the subject you can give me a heart, only if you felt helped if it wasn't helpful just don't do anything.  Greetings successes and blessings.

[Akash Kumar Tanty 38]

There are many things that we have to learn here. New member have no idea how to work and how to make a good topic. If they want to learn some knowledge from it then they do. I also want to know what is block reward. Can somebody please explain it? 

[Wilmer Garcia 0]

Hace 35 minutos, Junior01 dijo:

¿Se paga con una tarifa cuando alguien realiza alguna inversión? ¿O la nueva moneda realmente se crea con máquinas de minería o software? 

There are different ways to mine Cryptocurrencies, you can mine from the cloud or using special machines and software 

[Zaino34 0]

Thank you. You have my friend to try to help us, but I did not understand what is the block reward is it a mining program or is it a rewards program and is it profitable how much we can get a profit through it I hope you share more information about this program

[Upright 2688]

As like the miners tend mine, since that's the logic there, as having to extract blocks on binary codes, and receive rewards on them, as that serves as a way of addition on the circulation of already existing coins, as miners tend to extract new blocks also with aud of exchange as much don't know about it

[Lover840 0]

3 hours ago, Wilmer Garcia said:

Greetings to all the members who are just starting out in this world of cryptocurrencies, I want to help them have the necessary knowledge about the most used terms in this market.  

 

What is Block Reward?

The block reward is a certain amount of cryptocurrencies that are given to miners in payment form after successfully extracting a block.

 

I hope I helped you. 
If you liked the subject you can give me a heart, only if you felt helped if it wasn't helpful just don't do anything.  Greetings successes and blessings.

Well as far as i know the miners get paid something related to the transactions fee. This is what you can transaction fee a block reward or is it different reward for miners? 

[Ch Ayyan 9781]

Block reward  refersto the crypto currencies  rewarded to a miner when they successfully  validate  a new block we can get bitcoin  by solving  Blocks.

[Jahida 67 960]

As a new member, I know nothing about it. I've been working here for a while so I have more to know here. Hopefully everyone will help me.

[BTC Future 3946]

9 hours ago, Wilmer Garcia said:

Greetings to all the members who are just starting out in this world of cryptocurrencies, I want to help them have the necessary knowledge about the most used terms in this market.  

 

What is Block Reward?

The block reward is a certain amount of cryptocurrencies that are given to miners in payment form after successfully extracting a block.

 

I hope I helped you. 
If you liked the subject you can give me a heart, only if you felt helped if it wasn't helpful just don't do anything.  Greetings successes and blessings.

Hi and thank you for the useful post.

 

Block rewards are indeed the miners reward for finding a block.

When the miners built a block transactions are added from the mempool. One of this transactions is their payment for the efforts, which is a transaction that right now creates 12,5 new Bitcoins and sents them to the address the miners have provided. Also it is worth to mention that these new Bitcoins are time-locked and can't be spent immediately. If I remember correctly the time-lock period is 100 days.

[Mwangi 5611]

Wow thats a new one, so we have to really define the challenges that we see around and its important to work with it, the idea of working hard to get mining, then make it better for the right effort, we have to work and put together the kind of mining effort, am sure mining is not as profitable so we avoid mining is really important we have to follow

[tienda 8776]

Thank you for sharing such information, is useful and helpful for many members to know anything related to the cryptocurrency and Blockchain function, generally we heard about blocks mining.

[Omar Ommeish 4872]

thank you my friend

Waiting for more useful information from you, and I want to ask you also what is the reason for the decline in the prices of cryptocurrencies in this period?

[MrGox 880]

With this video you can get information about block reward. 

 

[Nezar 7169]

Valuable and very useful information, there is a topic in the forum that contains a list of many terms in the world of cryptocurrencies that everyone can refer to, read and benefit from

[Ali_hmwi 966]

This information hope to have it when I get my reward from doing such that thing .Thanks for this useful information my friend new and good information need to have a blue heart.

[Moaz 7239]

Thank you for this new information for me, but mining at the moment has become more difficult and needs expensive devices in order to be able to earn digital currencies. 

[Brand1 1336]

Thank you for providing this clarification. My friend, frankly, I did not know the meaning of this term, but now I managed to understand it well in addition to understanding many terms

[bentayebsalah 2280]

Block Reward is a bonus for miners
That they get when they make continuous mining and that makes them get that reward

[Virgil dijk 1431]

I never knew of this so actually there is a reward given to miners after extracting a block , this is really nice I guess miners earn a good amount of money from this rewards , but I know mining isn't easy at all because you need a huge data base and this requires money to buy much data.

[AkaCrafterCZ 1140]

On 3/23/2020 at 9:12 AM, Lover840 said:

Well as far as i know the miners get paid something related to the transactions fee. This is what you can transaction fee a block reward or is it different reward for miners? 

The reward a miner gets is the sum of all fees for the transactions in the new block plus the block reward, of newly generated coins. The coins are transfered as the last transaction directly to the Miner's wallet.

[AkaCrafterCZ 1140]

1 hour ago, Virgil dijk said:

I never knew of this so actually there is a reward given to miners after extracting a block , this is really nice I guess miners earn a good amount of money from this rewards , but I know mining isn't easy at all because you need a huge data base and this requires money to buy much data.

To be clear here, you only need a machine that can create SHA-256 hashes, the hashing algorithm Bitcoin is built on. This can be done on even cheap notebooks, but it's not profitable at all and nowdays, you will need to use mining pools (groups of miners who mine together) and expensive ASIC machines to effectively mine BTC nowadays.

1 hour ago, Dinhhung1612 said:

I think block reward such as of BTC is the number of BTC you have for a block of the currency.As weknow the amount of reward of block halves every 210000  every four years. And we can have the limit of BTC that can mine 21 million not more. So that if we invest in BTC we are out of being worry about the inflation as the normal currency

Almost correct. The amount of bitcoins you receive after confirming a full block is currently 12.5 BTC, plus the transactions fees of the transactions included in the block, which is usually around 0.1 BTC extra. These Bitcoins are directly sent to your wallet.

Note, Bitcoin block rewards will soon be halved, thus the reward gets decreased by 1/2. The reward will be only 6.25 BTC for mining a new block. Halving automatically happens every 210,000 blocks, which is about 4 years according to the Bitcoin block speed (10 minutes per block).

 

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[Honny143 13612]

Well bro I have some knowledge about mining, but not proper information because I have no mining experience, but I think its gives reward when miner complete any transaction then some codes generated, now this rewards reduce when bitcion halving complete miner gain 6.25 every block.

[Whited35 15285]

In the case of Bitcoin ,mining, Block reward is commonly known as the fresh Bitcoin rewards for the miners who successfully mine a block from the mining activities. We are very close to halving event after that block rewards will drop to 50% from the previous value. 

[Gaurav kumar 972]

I still don't know about the block reward. Yet there are so many things that one can learn and understand on this website. I m not new here but still i was unaware of the fact that there are some block reward also. I am really thankful to you for getting all this information.

[ETheHedgehog 3104]

On 3/23/2020 at 8:50 AM, nayon89 said:

From where can we mine? Can you please tell us a genuine mining site? Its hard to find out a genuine mining site. So we will be pleased if we find a genuine mining site. Thank you in advance.

unfortunately most mining sites are scams, and cloud mining isn't as profitable as it was before, you can buy an ASIC miner if you want to mine