During the past 30 days, bitcoin price is down more than 22% against the US Dollar, but during that time, bitcoin’s hash rate has remained above 200 exhash per second (EH/s). While 16 known mining pools mined the major crypto assets in the past month, the top five mining pools retained 71.4% of the global hash rate.
Out of 16 pools, the top five acquired most bitcoin blocks were found in the last month
The month of May is over and 4,276 Bitcoin (BTC) block rewards have been received during the last 30 days. Of the 4,276 block rewards found, 26,725 newly minted bitcoins were born in the system. While the network’s hash rate has remained above the 200 EH/s region, on May 2, 2022, bitcoin’s hash rate reached an all-time high at block height 734,577. According to data from Coinwarz.com, it reached 275.01 EH/s on that day.
Statistics show that 16 known bitcoin mining pools mined BTC during the past 30 days and that stealth miners, otherwise known as “anonymous”, captured approximately 1.03% of the hashrate during the past month. Unknown miners mined approximately 44 of the 4,276 found block rewards, including 275 newly mined bitcoins. The data further shows that the top five bitcoin (BTC) mining pools captured 71.4% of the global hash rate last month.
Foundry USA received the most block rewards last month, as the pool represented 21.02% of the global hash rate. The Foundry received 899 BTC block rewards out of 4,276 rewards and was able to acquire 5,618.75 new bitcoins. Foundry is followed by Antpool (14.27%), F2pool (14.27%), Binance Pool (10.87%), and Poolin (10.85%) as the top five bitcoin mining pools by hash rate. All of the above five mining pools account for nearly three-quarters of the global hash rate recorded last month.
There are a few factors coming up that can change the hashrate distribution and one of them is the price of BTC. The market cycle appears to be in a bearish state and smaller mining pools may be shaken up by a drop in the value of BTC. The halving is also taking place over 700 days, and means mined blocks will pay 3.125 coins per block instead of today’s 6.25 BTC per block rate.
Finally, during the month of July, bitcoin mining rig maker Bitmain and Microbet will release two new models producing between 126 terahash per second (TH/s) and 140 TH/s. The two new models produce a higher hash rate per second than most machines today, and pools with access to them will benefit.
What do you think about the current hash rate distribution of bitcoin? Let us know what you think about this topic in the comment section below.
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