About block 923,328
Bitcoin block 923,328 was mined by AntPool on November 12, 2025 at 6:30 PM UTC, 5 min 30 s after block 923,327. That is faster than the 10-minute average the network aims for: blocks come in bursts because finding one is pure chance.
It confirmed 5,398 transactions in 1.66 MB (99.8% of the 4 million weight-unit limit). The median transaction paid 0.00 sat/vB, down from 1.00 sat/vB in the block before, and all fees added up to 0.0103 BTC. With the 3.125 BTC subsidy of halving era 5, AntPool earned 3.1353 BTC for this block.
Block 923,328 is number 1 of 2,016 in difficulty epoch 458; 2,015 blocks remain until the next difficulty adjustment at block 925,343. The next halving is at block 1,050,000, 126,672 blocks after this one.
Its hash starts with 22 zeros: that is the proof of work, a number below the target that the whole network’s hashrate had to search for. AntPool found 208 blocks in the week before. Today the block has 50,188 confirmations, so it is settled beyond any practical doubt.
Why block 923,328 is notable
Block 923,328 opens difficulty epoch 458. Every 2,016 blocks, each node recalculates the mining difficulty from how long the previous epoch took: if those blocks arrived in less than two weeks, difficulty goes up; if they took longer, it goes down, never by more than a factor of four. The new value, 152,271,405,447,597, took effect with this block, found by AntPool on November 12, 2025 at 6:30 PM UTC, and applies until block 925,343; the following adjustment is at block 925,344.
Nobody schedules a retarget. It happens when the chain reaches the height, so the adjustment at block 923,328 came the moment AntPool found it, not on a fixed date. The rule keeps the average close to one block every ten minutes however much hashrate joins or leaves the network.
Of the 3.13534739 BTC that AntPool collected for this block, 3.125 BTC was new subsidy and 0.01034739 BTC came from fees, 0.3% of the total; leaving out the coinbase, its 5,397 transactions paid about 192 sats each on average.
Current difficulty epoch and next adjustment →
What’s inside a Bitcoin block
Every block, 923,328 included, is made of the same parts:
- Header
- Eighty bytes that miners hash over and over: the version, the hash of the previous block, the Merkle root that summarises every transaction, a timestamp, the difficulty target in compact form and a nonce. A block is valid when the hash of its header falls below the target.
- Coinbase transaction
- The first transaction, written by the miner. It spends no inputs: it creates the subsidy and collects the fees, and since BIP 34 it must also record the block height.
- Transactions
- Everything else in the block: payments taken from the mempool, usually picked by fee rate because space is capped at 4 million weight units. Block 923,328 holds 5,398, counting the coinbase.
- Fees
- The difference between what each transaction spends and what it creates. The miner claims them in the coinbase; they are the part of the reward set by demand rather than by the protocol.
- Subsidy
- New bitcoin created by the block, fixed by the halving schedule: 50 BTC at the start, halved every 210,000 blocks. At height 923,328 it is 3.125 BTC.