Bitcoin glossary
Block subsidy
The new bitcoin created in each block and paid to the miner who found it.
The block subsidy is the brand-new bitcoin created in every block and paid to the miner who mined it, on top of the transaction fees in that block. Together the subsidy and fees are called the block reward. The subsidy halves every 210,000 blocks.
It is Bitcoin’s only issuance mechanism — there is no premine tap, no discretionary printing. Every bitcoin in existence entered circulation as a block subsidy to some miner.
The live number
Current subsidy and daily issuance