Bitcoin Block and Transaction

Block: 625332

  • 625332th block in the consensus chain
  • Mined on 2020-04-10 22:23 and has 110 618 confirmations at the time of writing
    • Miner earned a 12.5 BTC as a newly created coins
    • And additional 0.29434593 BTC as transaction fee
  • Hash 0000000000000000000ee96add675c9337be117480249f7bc22db3007231d6e4 was found with a nonce 869619855
  • Block encapsulated 2 575 transactions
  • And the total volume of transactions was 171738,25929808 BTC
    • With the value of 5 115 273 857,29 $

Transaction: b36bced99cc459506ad2b3af6990920b12f6dc84f9c7ed0dd2c3703f94a4b692

  • Contained in the previously described block 625332
  • Received on Bitcoin network on 2020-04-10 22:23
  • The transaction orginated from a wallet bc1qgdjqv0av3q56jvd82tkdjpy7gdp9ut8tlqmgrpmv24sq90ecnvqqjwvw97
    • Having total amount of 161500,99966998 BTC
    • With the value of 1 120 376 999,68 $
  • The output was split into two addresses:
    • 15000 BTC sent into a wallet 1Kr6QSydW9bFQG1mXiPNNu6WpJGmUa9i1g
    • 146500,99956979 BTC sent back to the senders wallet bc1qgdjqv0av3q56jvd82tkdjpy7gdp9ut8tlqmgrpmv24sq90ecnvqqjwvw97
  • Transaction fee taken was rather reasonable 0,00010019 BTC

As the BTC blockchain is public, a record-breaking single transaction of over 1 billion dollars did raise some eyebrows - eventually a trading platfom Bitnex CTO admitted in Twitter that the transaction was about moving 15000 BTC to their hot wallet and returning the rest back to where it came from. (cryptovantage.com, 2022)

Previous Reports

Assignment h7: https://terokarvinen.com/2021/trust-to-blockchain-2022/