About block 703
Bitcoin block 703 was mined by Unknown on January 16, 2009 at 12:51 PM UTC, 3 min 27 s after block 702. That is faster than the 10-minute average the network aims for: blocks come in bursts because finding one is pure 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 703 is number 704 of 2,016 in difficulty epoch 0; 1,312 blocks remain until the next difficulty adjustment at block 2,015. The next halving is at block 210,000, 209,297 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 7 blocks in the week before. Today the block has 971,946 confirmations, so it is settled beyond any practical doubt.