Phrases with «miner rewards»

"Miner rewards" refers to the compensation that miners receive for their work in verifying and processing transactions on a blockchain network. These rewards usually come in the form of newly created cryptocurrency coins that are given to miners as an incentive for their efforts in maintaining the security and integrity of the network. Full definition

Sentences with «miner rewards»

  • They'll contain the standard miner reward along with a smaller reward that goes to a pool of investors who've parked their coins. (bitcoinist.com)
  • Because miner rewards are used to incentivize participation in the network, the concentration of mining power in a few hands is considered a dangerous step towards centralization. (coinstaker.com)
  • The average amount of fees per block has risen to $ 15,946, with its share in total miners reward standing at 15 %. (coinfox.info)
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