Bitcoin Block Summary

Key Details

• Block Height: 560951
• Timestamp: February 1, 2019
• Miner: 58COIN & 1THash
• Coinbase Value: 1,251,048,547 sats
• Total Transactions: 166
• Block Size: 51,221 bytes

Transaction Insights

• Top Transaction by Fee:
  • Tx ID: 049b5830670de999ee8c28e1bf71dba9c73b7916aded111e9113e765e3d1c332
  • Fee: 721,373 sats
• Other Notable Transactions:
  • b97a15b5f7d695282f5eba13f77530ef2ae9475ab941ab160d7241954b0e9e88 (Fee: 41,925 sats)
  • 7e698be1030bbb4b70e4789f4ce0339a311484124a1ba825af7c12261cd38276 (Fee: 21,000 sats)

Wallet Types

• OP_RETURN: 1 transaction carrying data
• P2PKH: 29 transactions (Legacy)
• P2SH: 25 transactions (Script)
• V0_P2WPKH: 8 transactions
• V0_P2WSH: 1 transaction

This block illustrates a productive moment in Bitcoin’s network with numerous transactions facilitated by miners, showcasing both the transactional activity and the various wallet types utilized.

Block Size and Mining Speed

• Block Size: 1,136,085 bytes
• Mining Duration: The time difference between this block (height 516557) and the previous block (height 516556) is approximately 289 seconds.

This block, mined by Slush Pool, contains a significant number of transactions and reflects efficient mining operations.

Explaining Bitcoin Blocks Like You're Five

What is a Bitcoin Block?

A Bitcoin block is like a big box that holds lots of important papers. Each paper has information about people who want to trade their toy coins.

What Happens Inside a Block?

• Block Height: This tells us how many boxes (blocks) we've had. Right now, we are at box number 280351.
• Timestamp: This is like a special clock saying when the box got closed. This one closed at a specific time.
• Miner: A miner is someone who puts toys (coins) in the box.

What's Inside This Box?

• Coinbase Value: This shows how many new coins were added—like 2,504,874,152 tiny coins!
• Total Transactions: There are 264 pieces of paper (transactions) in this box, showing all the trades that happened.

Important Details

• Size: The box is pretty big—like holding 122,453 pieces of information.
• Weight: Think of weight like how heavy the box is—this one weighs 489,812 units.

Extra Fun Facts

• The block has no special notes (OP_RETURN) on the new coins.
• The most important trade made someone pay 100,000 tiny coins just to send their toys.

Now you know what happens in a Bitcoin box!

Total Transactions in the Block

In the specified block with a height of 625991, there are a total of 2,371 transactions recorded.

This count reflects the diverse activities occurring within the Bitcoin network, showcasing a variety of wallet types and transaction fees. If you have more questions or need additional details, feel free to ask!

Interesting Insights from Block 337469

Block Characteristics

• Block Height: 337469 reveals a specific point in the Bitcoin blockchain.
• Size and Weight: This block is relatively moderate in size at 56,375 bytes and weighs 225,500 units, indicating a typical transaction load.

Transaction Activity

• Total Transactions: With 45 transactions, this block shows less activity compared to nearby blocks, highlighting possible fluctuations in network usage.
• Fee Variation:
  • The highest transaction fee is 10,000 sats, significant compared to the 1 sat fee of another transaction. This variance showcases the dynamic nature of transaction prioritization on the blockchain.

Wallet Types

• Wallet Breakdown: The presence of 34 P2PKH wallets versus only 4 P2SH suggests users primarily favor traditional transaction methods during this period.

These components provide a snapshot of the blockchain's activity and trends, which can be quite revealing in understanding user behavior and network conditions.