Ethereum remains one of the most influential blockchain networks in the world, powering smart contracts, decentralized applications (dApps), and a vast ecosystem of digital assets. Every block mined on the Ethereum network carries valuable data that reveals insights about transaction volume, miner rewards, gas usage, and overall network health. This article explores Ethereum Block 19,812,691, offering a clear and structured analysis of its key metrics, significance, and what it tells us about the state of Ethereum in mid-2024.
Whether you're a developer, investor, or blockchain enthusiast, understanding block-level data helps demystify how Ethereum operates under the hood.
Key Overview of Ethereum Block 19,812,691
This particular block was mined on May 06, 2024, at 06:00:47 UTC. It contains a total of 175 transactions, with an average transaction value of 0.3211 ETH (approximately $985.64 at the time). The total value transferred in this block amounted to **56.1902 ETH**, equivalent to **$172,487** based on the market rate during that period.
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The block was mined by an entity identified only as 0x4838b106fce9647bdf1e7877bf73ce8b0bad5f97, labeled as "Unknown Miner" on Blockchain.com. Notably, the miner earned a base reward of 0.05 ETH ($153.48)** plus **0.1374 ETH ($421.78) in transaction fees—highlighting how fee income can sometimes surpass the base block reward during periods of high network congestion.
Core Metrics at a Glance
- Block Hash:
0x635...d3e53 - Parent Block Hash:
0xdb9...695d8 - Gas Used: 13,232,893 (44.11% of the 30,000,000 gas limit)
- Block Size: 51,715 bytes
- Nonce: 0
- Uncles Included: 0
- State Root:
0x54c...fc0a7 - Total Difficulty: 5.875 × 10²²
These technical details are essential for developers validating chain integrity and for analysts monitoring network performance trends over time.
Transaction and Value Flow Analysis
A closer look at the transaction dynamics within this block reveals important patterns:
- Total Sent Value: 56.190231 ETH (~$172,487 at time of mining)
- Internal Transactions: 57
- Average Transaction Value: 0.32109 ETH
- Median Transaction Value: 0.00000 ETH
The stark contrast between average and median values suggests a highly skewed distribution—a few large transactions likely drove up the average, while the majority of transfers were negligible or zero-value (common in contract interactions).
Additionally, the value today (as of current pricing) is listed at approximately $143,300, indicating a drop in ETH’s USD price since the block was mined—a reminder of cryptocurrency volatility.
Miner Reward Breakdown
Miners play a crucial role in securing the Ethereum network post-Merge (despite common misconceptions about proof-of-work). In this case:
- Base Reward: 0.05 ETH
- Fee Reward: 0.13743 ETH (~$421.86)
- Total Block Reward: 0.18964 ETH (~$575.34)
This means over 70% of the miner’s income came from fees, underscoring how transaction demand directly impacts miner profitability—even in Ethereum’s proof-of-stake era where validators replace traditional miners.
Note: While Ethereum transitioned to proof-of-stake in 2022, explorers often retain legacy terminology like “miner” for consistency.
Network Health and Performance Indicators
Several metrics reflect the broader health and efficiency of the Ethereum network at the time this block was processed.
Gas Utilization and Capacity
With 13.2 million gas used out of a 30 million limit, the block operated at 44.11% capacity. This moderate utilization indicates:
- No severe network congestion
- Efficient processing of transactions
- Room for additional activity without spikes in gas prices
Such balanced usage supports smooth user experiences across DeFi platforms, NFT marketplaces, and dApps.
Depth and Chain Context
The block sits at a depth of 3,032,830 confirmations, meaning it is firmly embedded in the blockchain with negligible risk of reorganization. Its distance from genesis is over 1 year, 1 month, and 27 days, placing it well within Ethereum’s stable post-Merge operational phase.
Furthermore, the absence of uncle blocks (orphaned valid blocks) suggests consistent consensus among validators—another sign of network stability.
Why Block Data Matters for Users and Developers
Understanding individual block data isn’t just for blockchain analysts. It offers practical value for various stakeholders:
- Traders & Investors: Monitor transaction volumes and fee trends to gauge network demand.
- Developers: Optimize dApp gas usage based on historical block capacity.
- Validators: Assess reward structures and competition dynamics.
- Researchers: Study decentralization patterns through miner/validator distribution.
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Frequently Asked Questions (FAQ)
What does "Unknown Miner" mean?
An "Unknown Miner" refers to a validator or mining address not publicly associated with a known pool or identity. On Ethereum’s proof-of-stake network, these are typically solo validators or private staking operations.
How is the block reward calculated post-Ethereum Merge?
After the Merge, Ethereum uses proof-of-stake. Validators receive rewards based on:
- Base issuance (dynamic, tied to total staked ETH)
- Transaction tips (priority fees)
- MEV (Maximal Extractable Value), if captured via relays
In this block, the total reward reflects both protocol-issued ETH and user-paid fees.
Why is the median transaction value zero?
Zero or near-zero median values are common because many transactions involve contract calls without direct ETH transfers—such as approvals, swaps, or NFT mints—where value sent is technically 0 ETH.
What is gas limit and why does it matter?
Gas limit is the maximum amount of computational effort allowed per block. A higher limit enables more complex transactions but increases node processing requirements. Ethereum’s dynamic gas target adjusts based on demand to balance throughput and decentralization.
Can I track future blocks in real time?
Yes. Blockchain explorers allow real-time tracking of new blocks, pending transactions, gas prices, and validator activity—critical for traders executing time-sensitive operations.
Is this block still relevant today?
While individual blocks aren’t actively used after confirmation, their data contributes to long-term analyses of network growth, security, and economic behavior—making them valuable for audits and research.
Core Keywords Identified
To enhance search visibility and align with user intent, the following keywords have been naturally integrated throughout this article:
- Ethereum block data
- Blockchain explorer
- Transaction fees
- Gas usage
- Miner reward
- Proof-of-stake
- Network congestion
- Block analysis
These terms reflect common search queries related to blockchain transparency and on-chain analytics.
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Conclusion
Ethereum Block 19,812,691 serves as a snapshot of the network’s ongoing functionality—a blend of economic activity, technical execution, and decentralized consensus. By dissecting its components, we gain insight into how value moves across the blockchain, how validators are compensated, and how efficiently the network handles demand.
As Ethereum continues to evolve with upgrades like Dencun and proto-danksharding, analyzing such blocks will remain vital for understanding scalability progress and real-world usage patterns.
Whether you're verifying a transaction, auditing smart contracts, or simply exploring how blockchain works, tools that decode block data are indispensable in today’s decentralized digital landscape.