Block Reward

The reward allotted for hashing (solving) the mathematical equation related to a block. The reward for mining a Bitcoin block is 12.5 bitcoins per block mined, which will halve every 210,000 blocks (next halving occurs in 2020). The Block reward is a form of incentive for the miner who successfully calculate the hash in a block during mining. Verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded a portion of those.