Over the past 12 months, Bitcoin’s hashrate has increased by 85.77%, while 53,547 blocks were mined and 334,668.75 new bitcoin were minted into circulation. Over two dozen bitcoin mining pool have directed hashrate towards the Bitcoin blockchain over the past six years. While the hashrate has increased by 22,900%, it is still much lower than the amount of bitcoins that are found each year.
334,668 Bitcoin Minted Since September 2021 — Foundry USA Captures the Most Blocks
Since September 10, 2021 miners have earned just more than 334,668 BTC and only 53,547 blocks in the last 12 months. Foundry USA is the largest mining pool among the 28 that has found blocks over the past year.
Foundry captured 18.14% of the year’s global hashrate average and found 9,716 blocks. Antpool captured 15.31% from the total global hashrate and was the 2nd largest miner. Antpool was able to find 8,198 blocks or 51,237.50 BTC in just 12 months.
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Statistics on 12-months mining pools September 10, 2022
Antpool is followed by F2pool’s 14.79% of the year’s hashrate, after the pool found 7,919 block rewards. Binance Pool was the year’s fourth largest mining pool with 10.72% of the 12-month hashrate average.
Binance Pool collected 5,738 blocks over the last year. That’s 35.862.50 BTC (not counting fees). Poolin acquired 10.69% from the total global hashrate over the last 12 months, finding 5,724 block. Unknown hash or stealth miners represented the 12th largest mining entity with 1.74% of the year’s global hashrate after stealth miners found 934 blocks.
In 2016 and 2019, the annual block reward production was identical, but miners discovered a lot more Bitcoin back then
Six years ago, things were very different. In 2016, the hashrate reached 1 EH/s. In 2016, there were 27 mining pools for bitcoin, and 55,00077 blocks were discovered that year.
The top mining pool in November 2016 was F2pool with 21.71% of the year’s global hashrate after it found 11,958 blocks that year. F2pool followed Antpool, BTCC and Bitfury. While hashrate increased by 85.77% over the previous 12 months, it has gone up 22,900% in 2016
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December 24, 2016, 12 month statistics for mining pools
The hashrate may be much higher than six years back, but the difficulty of mining has increased tremendously. Today, the number of miners who mine bitcoins is much lower. This year 334,668.75 BTC were minted. However, miners discovered 688,462.50 BTC in the first six months 2016. The block reward for each block was 25 BTC.
Moreover, during the latter half of 2016, only 344,231.25 BTC was found, but that’s still more than the 334,668 coins minted since last September. In the second half 2016, miners received 12.5 BTC for each block, rather than 6.25 BTC per blocks as a reward. This is in addition to the 5.25 BTC that miners receive today and May 2020.
On April 19, 2019, 52,522 blocks had been discovered and 669.025 bitcoins were issued into circulation. Btc.com, which had discovered 10,468 blocks that year, was the largest miner. Antpool, with 7,122 blocks captured in 2019, was second.
While unknown hashrate represented 1.74% of the past year’s hashpower, in 2016 stealth miners were virtually non-existent. Unknown hashrate managed to capture 3.76% global hashrate over the past 12 months and discovered 2,013 blocks in April 2019.
Although miners receive a smaller number of bitcoins per block now than three or six years back, there is still enough price to ensure that they make a profit from all their mining expenditures.
In February 2019, bitcoin’s price was $3,464 per BTC and the USD value at the time made it so only a few mining rigs were profitable. Using Bitcoin’s February 2019 difficulty metric, the price, and $0.12 per kilowatt-hour in electricity costs, only three SHA256 mining rigs were profitable.
How do you feel about the past 12 months of block production for bitcoin? Comment below to let us know your thoughts on this topic.
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