Mining rewards refer to the incentives earned by individuals who participate in the process of validating transactions on a blockchain network. Miners use powerful computers to solve complex mathematical problems that secure the network and confirm transactions.When a miner successfully solves a problem, they create a new block that gets added to the blockchain. In return for this effort, the miner is rewarded with a certain amount of cryptocurrency, which can vary depending on the specific blockchain’s rules and the current market conditions.These rewards typically consist of two components: the block reward and transaction fees. The block reward is a fixed amount of cryptocurrency given to the miner for creating the block, while transaction fees are additional payments made by users for their transactions to be included in that block. Mining rewards play a vital role in maintaining the network’s security while providing an incentive for miners to continue their work. Over time, the rewards may decrease or change, as seen in certain cryptocurrencies like Bitcoin, where the block reward is halved approximately every four years.