About block 948,954
Bitcoin block 948,954 was mined by Foundry USA on May 11, 2026 at 3:18 PM UTC, 5 min 22 s after block 948,953. That is faster than the 10-minute average the network aims for: blocks come in bursts because finding one is pure chance.
It confirmed 3,730 transactions in 1.74 MB (99.8% of the 4 million weight-unit limit). The median transaction paid 1.00 sat/vB, down from 3.00 sat/vB in the block before, and all fees added up to 0.0177 BTC. With the 3.125 BTC subsidy of halving era 5, Foundry USA earned 3.1427 BTC for this block.
Block 948,954 is number 1,435 of 2,016 in difficulty epoch 470; 581 blocks remain until the next difficulty adjustment at block 949,535. The next halving is at block 1,050,000, 101,046 blocks after this one.
Its hash starts with 19 zeros: that is the proof of work, a number below the target that the whole network’s hashrate had to search for. Foundry USA found 246 blocks in the week before. Today the block has 26,917 confirmations, so it is settled beyond any practical doubt.