About block 704
Bitcoin block 704 was mined by Unknown on January 16, 2009 at 1:05 PM UTC, 14 min 32 s after block 703. 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 704 is number 705 of 2,016 in difficulty epoch 0; 1,311 blocks remain until the next difficulty adjustment at block 2,015. The next halving is at block 210,000, 209,296 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 971,945 confirmations, so it is settled beyond any practical doubt.