Reward

The amount of newly mined bitcoins that a miner may claim in a new block. The first transaction in the block allows a miner to claim currently allowed reward as well as all transaction fees from all transactions in the block. Reward is halved every 210,000 blocks, approximately every 4 years. The first halving occurred in December 2012. For security reasons, rewards cannot be spent before 100 blocks are built on top of the current block.

Reference:

Malone, J.A (2015). Glossary of Bitcoin Terms and Definitions. United States: Lulu Press, Inc

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