Overview of Block 408,239
Mined by AntPool on April 21, 2016, Bitcoin Block 408,239 represents a significant milestone in blockchain history. This block processed 1,318 transactions, transferring 38,493.71 BTC (worth $17,033,080** at the time). Today, that same amount would be valued at over **$4.2 billion, highlighting Bitcoin's exponential growth.
Key Metrics:
- Block Reward: 25 BTC ($11,062.25) + 0.2695 BTC ($119.25) in fees
- Average Transaction Value: 29.2062 BTC ($12,923.45)
- Miner: AntPool (one of the largest Bitcoin mining pools)
- Block Size: 998,139 bytes (95.19% capacity)
👉 Explore real-time Bitcoin block data for the latest mining statistics.
Technical Details
Block Hash & Metadata
- Hash:
00000-44c40 - Merkle Root:
73-8e - Difficulty: 178,678,307,671.69
- Nonce: 95,965,275
- Version: 0x4
Transaction Insights
| Metric | Value |
|---|---|
| Total Inputs | 5,147 |
| Total Outputs | 4,129 |
| Fees Paid | 0.26952950 BTC |
| Median Fee | 0.00010000 BTC |
| Fee Range | 8-444 sat/vByte |
Why This Block Matters
- Historical Value: Demonstrates Bitcoin's price volatility (from $17M to $4.2B in 9 years).
- Mining Economics: Shows how base rewards + fees incentivize miners like AntPool.
- Network Activity: Processes 1,318 transactions in under 1MB, reflecting early scalability.
👉 Learn how modern mining pools operate with updated protocols.
FAQ Section
Q: How much did AntPool earn from this block?
A: 25 BTC base reward + 0.2695 BTC fees = $11,181.50 total.
Q: What was the average transaction fee?
A: 0.00020450 BTC (~$0.09 at the time).
Q: How does this compare to current blocks?
A: Modern blocks often exceed 3,000 transactions with higher fees due to Ordinals/NFT activity.
Conclusion
Block 408,239 exemplifies Bitcoin's early-era mining dynamics, where modest fees and block sizes sustained the network. For context, today’s miners handle 10x more data per block.
Data sourced from Blockchain.com explorer. All hyperlinks removed per guidelines.