What is a Coinbase Message?

A coinbase message is a special text that miners can include in the first transaction of a new Bitcoin block, known as the coinbase transaction. This transaction marks the miner's reward for validating and adding to the blockchain.

Key Features of a Coinbase Message

• Personalized Messages: Miners often use this space to express messages or acknowledgments. For instance, in block height 895503, the miner F2Pool included the message: ,mmQ#IXF<3Gngs/F2Pool/s?.
• Data Inclusion: The coinbase transaction can also carry additional data, enabling functionalities like commemorative notes or other markers of significance.

Including a message adds a layer of personal touch and creativity to an otherwise technical data transaction, illustrating how miners contribute not just computational power but also a sense of community to the Bitcoin network.

Such messages embody the spirit of blockchain, merging technology with human expression.

Bitcoin Block Summary

Current Block Information

• Height: 895503
• Timestamp: 1746525191
• Miner: F2Pool
• Total Transactions: 592
• Size: 502,645 bytes
• Weight: 1,131,148 units

Coinbase Details

• Coinbase Value: 313,310,115 sats
• OP_RETURN present: Yes

Notable Transactions

• Highest Fee Transaction:
  • Transaction ID: 2a80a83359ba3f3309b21d56ed7c0261cc8354b3275ae4b04e2c577a421dfc31 (Fee: 219,536 sats)

Wallet Types Breakdown

• Total OP_RETURN transactions: 8
• P2PKH (Legacy): 14
• P2SH (Script): 12
• V0_P2WPKH: 35
• V0_P2WSH: 5
• V1_P2TR: 5

This block showcases the latest data from the Bitcoin network, including transaction details and wallet types used. Each metric contributes to understanding Bitcoin's dynamic and evolving ecosystem.

Bitcoin Block Summary

Block Height: 545929
Timestamp: 2018-10-14 22:19:14 (UTC)
Miner: BTC.com Pool
Total Transactions: 78
Block Size: 28,802 bytes
Block Weight: 95,672 units

CoinBase and Transactions

• Coinbase Value: 1,250,337,495 sats
• OP_RETURN in Coinbase: Yes

Top Transactions by Fee

1. Tx ID: a4c119... (Fee: 120,000 sats)
2. Tx ID: a6d313... (Fee: 16,920 sats)
3. Tx ID: d4cd12... (Fee: 15,535 sats)

Wallet Types Breakdown

• OP_RETURN: 1 (Data-carrying transactions)
• P2PKH: 34 (Legacy)
• P2SH: 34 (Script)
• UNKNOWN: 1
• V0_P2WPKH: 2

This summary provides a snapshot of a specific Bitcoin block, highlighting key details about transactions and fees.

Coinbase Message Overview

The coinbase message serves as a unique identifier or statement embedded within the coinbase transaction of a Bitcoin block. It typically conveys information about the miner or the mining pool responsible for the block creation.

Example from Recent Block

• Block Height: 895498
• Miner: AntPool
• Coinbase Message: Mined by AntPool )qmmr15K'gFXHHu)yG+

Significance

The coinbase message can contain metadata regarding the block’s creation, contributing to transparency and acknowledgment of miner contributions. In this instance, AntPool includes both a recognition of its involvement and an alphanumeric string likely serving as a unique mark or identifier related to this specific mining operation.

This flexibility allows miners to express messages or include data, which can sometimes be a commentary on events or trends relevant to the Bitcoin community.

In conclusion, the coinbase message encapsulates information and personalizes the mining effort behind each block.

Analyzed Insights from Block 895497

Overview of Block Characteristics

• Height: 895497
• Timestamp: 1746522025 (significantly later than the previous block)
• Miner: Foundry USA (notable as a high-profile mining entity)
• Total Transactions: 2099 (an unusually high count compared to the previous block, which had only 1486)
• Size: 1613240 bytes (also significantly larger than the previous block at 1149767 bytes)
• Weight: 3306008 units (again markedly higher than the previous block weight)

Notable Observations

1. High Transaction Volume: The jump from 1486 to 2099 transactions indicates a substantial increase in network activity. This could suggest market movements or heightened usage of Bitcoin for transfers.

2. Increased Block Size: The block's size of 1613240 bytes points to increased usage of transaction types that require more data, possibly due to more complex scripts such as smart contracts or data-carrying OP_RETURN transactions.

3. Top Fees: The block features high fees for its top three transactions:

   • Transaction de50172be8e58d44b847081802a3b9d87fb763bafd2db29030719d28fee598b5 charged a fee of 60,000 sats, indicating it may have been prioritized for confirmation.
   • The next transactions had fees of 32,000 sats each, suggesting network conditions that warranted higher fees for quicker confirmations.