Why does the mined block differ so much from the block template?
The version of the mined block is 0x2fffe000 instead of 536870912.

Many miners employ a strategy known as overt Asicboost. This strategy requires modifying the version number like the nonce, so we often see blocks that have strange version numbers.

Only 194 transactions from the block template are in the mined block, e.g. f0fcac28b1dec7b8e67f73229052639c58f7f175bdb87ea068f499a4728bb35d. The other 1257 transactions are missing.

Each node has a different view of the set of unconfirmed transactions that depends on how long they have been running, where they are located, and any custom rules that they are using. It may be that your node has not been running for as long as the miner's node and so it has not seen all of the same transactions that the miner has seen. It may be that your node is using different rules than the miner is, possibly due to different versions of the same software, or possibly because some miners may be using custom software. Additionally, some miners offer a service where they will prioritize transactions after being paid out of band, so such transactions can end up in a block when they do not appear in a block template produced by your node.

What would have happened if a miner found a block hash for the received block template and submitted it? Would the mined block then have a different version and the missing transactions (including the transaction that was not even mined yet)?

There is no &quot;current template&quot; for the entire network. If there were, then there wouldn't need to be a blockchain as that would mean every node is actually in sync with every other node. As such, when a miner finds a block, they broadcast the block in full. When nodes receive a block, they verify it without creating their own block template. There are no requirements that the block contain the transactions a node expects it to contain. The only requirements are that the block contains valid transactions and that the block header is valid. Whether your node has seen those transactions before and whether it would include them itself are irrelevant.