Block 900,000 processed by ViaBTC included 1,562 transactions and generated 0.018 BTC in fees at 3 sat/vB.
The total Bitcoin hash rate reached 899.8 million TH/s, with a market price of $105,588.93..
The block count places the network 150,000 blocks away from the next halving at block 1,050,000.
Bitcoin has officially reached block 900,000, marking a major point in its ongoing chain history. According to a post by Bitcoin Magazine, the milestone was recorded with the latest block processed by ViaBTC, containing 1,562 transactions and generating 0.018 BTC in total fees. The average fee rate for this block measured approximately 3 sat/vB, with a fee range between 1 and 60 sat/vB.
https://twitter.com/bitcoinmagazine/status/1930867544333689233 Faster Processing and Increased Transaction Volume
Block 900,000 was confirmed three minutes before press time and processed faster than the previous block. This recent block included 401 more transactions than the prior one, which recorded 1,161 transactions. Fee revenue in the new block rose by 0.005 BTC compared to the earlier block's 0.013 BTC total.
In addition, the lower average fee rate in block 900,000 reflects a more efficient fee structure. The previous block used an average rate of 5 sat/vB, with a broader range between 1 and 101 sat/vB. Despite reduced fee rates, more transaction volume was handled successfully. The earlier block required approximately 10 minutes to mine, matching typical network intervals.
However, block 900,000 showed faster execution under lower network fees. These shifts point to improved network fee prioritization and optimized throughput, based on current usage data. Both blocks were calculated using variable sat/vByte fee structures. This approach allows flexibility based on miner demand and market traffic. The performance difference between the blocks displays real-time changes in block composition and mining dynamics.
Countdown Toward the Next Halving
This block represents more than just a number in the ledger. It places the Bitcoin network 150,000 blocks away from the next halving event. The future halving will occur at block 1,050,000 and will reduce miner rewards further. ViaBTC’s role in mining block 900,000 confirms the mining pool’s continued presence in processing high-volume transactions. The stable confirmation of this milestone underscores consistency in block generation and transaction flow.
Bitcoin continues advancing toward its fixed 21 million BTC supply, with each mined block bringing it closer. Block 900,000 stands as a record of continued chain progression and network functionality. A deeper analysis of its price trend and the general Bitcoin mining by Blockchain.com indicates that Bitcoin’s total hash rate reached 899.8 million TH/s. The market price was recorded at $105,588.93.
Source: Blockchain.com (Hashrate)
The chart shows a consistent upward trend in hash rate over the past year. Price volatility is visible, with several sharp peaks and dips. Both metrics peaked recently before showing slight declines. The data reflects continued network activity and increased computational power securing the Bitcoin blockchain.
