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While Bitcoin’s Hashrate Grew by 22,900% in 6 Years, Discovering Block Rewards Is Far More Difficult – Mining Bitcoin News

While Bitcoin’s Hashrate Grew by 22,900% in 6 Years, Discovering Block Rewards Is Far More Difficult

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. More than two dozen bitcoin mining pools have dedicated hashrate toward the Bitcoin blockchain during the last six years, and while the hashrate is 22,900% higher, the number of bitcoins found per year is a whole lot less.

334,668 Bitcoin Minted Since September 2021 — Foundry USA Captures the Most Blocks

Miners accrued just over 334,668 BTC since September 10, 2021, and 53,547 blocks were found during the past 12 months. Foundry USA has been the top mining pool out of the 28 mining pools that found blocks during the past year.

Foundry captured 18.14% of the year’s global hashrate average and found 9,716 blocks. Antpool was the second largest miner during the past year, capturing 15.31% of the global hashrate. Antpool managed to discover 8,198 blocks, or 51,237.50 BTC (not including fees) in 12 months.

While Bitcoin’s Hashrate Grew by 22,900% in 6 Years, Discovering Block Rewards Is Far More Difficult
12-month mining pool statistics on 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 found 5,738 blocks this past year, which equates to 35.862.50 BTC (not including fees). Poolin took 10.69% of the global hashrate during the past 12 months finding 5,724 blocks. 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.

Annual Block Reward Production Was the Same in 2016 and 2019, but Miners Discovered a Lot More Bitcoin Back Then

Things are a whole lot different than they were six years ago from today, as the hashrate hit 1 exahash per second (EH/s) in 2016. 27 pools were mining BTC in 2016 and 55,077 blocks were found 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 was followed by Antpool, BTCC, Bitfury, and BW.com, respectively. While the last 12 months has seen an 85.77% hashrate increase, since 2016 the hashrate has jumped 22,900% higher.

While Bitcoin’s Hashrate Grew by 22,900% in 6 Years, Discovering Block Rewards Is Far More Difficult
12-month mining pool statistics on November 24, 2016.

While the hashrate is a whole lot bigger than it was six years ago, the difficulty has increased a great deal as well. The number of bitcoins miners get nowadays is also much smaller. While…

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