About block 588
Bitcoin block 588 was mined by Unknown on January 15, 2009 at 2:54 PM UTC, 15 min 11 s after block 587. That is slower than the 10-minute target; long gaps are normal, since every hash attempt is an independent draw with the same tiny chance.
It confirmed 1 transactions in 0.00 MB (0.0% of the 4 million weight-unit limit). The median transaction paid 0.00 sat/vB, and all fees added up to 0.0000 BTC. With the 50.000 BTC subsidy of halving era 1, Unknown earned 50.0000 BTC for this block.
Block 588 is number 589 of 2,016 in difficulty epoch 0; 1,427 blocks remain until the next difficulty adjustment at block 2,015. The next halving is at block 210,000, 209,412 blocks after this one.
Its hash starts with 8 zeros: that is the proof of work, a number below the target that the whole network’s hashrate had to search for. Unknown found 8 blocks in the week before. Today the block has 972,018 confirmations, so it is settled beyond any practical doubt.