The Simplest Bitcoin Book Ever Written
BITCOIN BLOCK REWARD
= Subsidy + Fees
When you send bitcoin to someone, that transaction includes
a fee
and needs to be verified by a miner, and then included in a
block.
The
bitcoin block subsidy
gets cut in half every four years.
It is
currently 3.125 bitcoin
per block that is mined.
The next 'halving' will be in 2028,
at which point the block reward will drop to 1.5625 bitcoin
per block mined.
As mentioned before,
this keeps the issuance stable.
In the year 2140, the last piece of bitcoin will be mined.
After that, miners will only get the fees from the
transactions they verify in each block.