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$844.56 Million in Revenue, Dominance of Top Pools, and Fluctuating Difficulty Levels

$844.56 Million in Revenue, Dominance of Top Pools, and Fluctuating Difficulty Levels

As per the info compiled for the month of July, bitcoin miners found a complete of 4,366 blocks, collectively accruing roughly $844.56 million in block rewards and charges. This determine marks an estimated enhance of $60.8 million from the earlier month.

July’s Bitcoin Mining Panorama: High Swimming pools Seize 65.65% of World Hashrate

On July 31, 2023, the Bitcoin hashrate was easily navigating at a price of 386.89 exahash per second (EH/s), with the previous 2,016 blocks reflecting a median of roughly 377.7 EH/s. The month of July was marked by two pivotal problem retargets: the primary of those changes occurred on July 11, rising by 6.45% and elevating the entire to 53.91 trillion.

Then, roughly two weeks in a while July 26, or exactly 2,016 blocks subsequent to the earlier change, the issue skilled a lower of two.94% at block peak 800,352. This discount has set the present problem stage to 52.33 trillion, a determine that’s anticipated to stay secure till on or round August 9, 2023.

Over the previous month, bitcoin miners amassed $844.56 million by block rewards and charges, with charges alone constituting $18.81 million of this sum. This income marks a notable escalation, because it’s $60.8 million above the $783.76 million that miners garnered in June. The mining exercise of July resulted in a complete of 4,366 blocks, with Foundry USA main the way in which, discovering 1,266 blocks and thereby seizing 29% of the worldwide hashrate.

Following intently, Antpool, the second-largest mining pool, found 992 blocks, whereas F2pool accounted for 608 blocks. Collectively, these mining pool juggernauts – Foundry, Antpool, and F2pool – have managed a 65.65% share of the worldwide hashrate over the past 30 days.

The state of affairs for bitcoin mining in January 2023 bears a resemblance to the current, with miners uncovering 4,598 blocks throughout that month. On the time, Foundry found 1,472 blocks, adopted by Antpool’s profitable discover of 902 blocks. F2Pool trailed in third place, extracting roughly 663 blocks. Collectively, these powerhouses — Foundry, Antpool, and F2pool — managed a considerable 66.05% share of the hashrate for January 2023.

Rewinding the clock virtually seven years, the panorama was markedly totally different. From September 3 to October 3, 2016, mining was much less consolidated, with 4,555 blocks mined. Throughout that interval, the highest three mining swimming pools (F2pool, Antpool, and BTCC) solely managed to seize 45.49% of the entire hashrate, reflecting a extra dispersed mining setting.

What’s your perspective on the flurry of exercise throughout the realm of Bitcoin mining through the course of July? Share your ideas and opinions about this topic within the feedback part under.

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