IMG-LOGO

13,233 Blocks Found by 16 Pools — A Look at the Top Bitcoin Mining Pools in Q1 2022

News Feed - 2022-04-13 05:04:48

13,233 Blocks Found by 16 Pools — A Look at the Top Bitcoin Mining Pools in Q1 2022


During the first quarter of 2022, Bitcoin’s hashrate averaged between 180 to 200 exahash per second (EH/s) and during the course of that time, 13,233 block rewards were found by 16 mining pools. According to three-month statistics, Foundry USA was the network’s top mining pool in terms of hashrate percentage, as the bitcoin mining operation scored 2,380 blocks in Q1 2022. Foundry USA Commands Q1 2022’s Top Bitcoin Mining Pool Position


Metrics indicate bitcoin miners issued approximately 82,706.25 BTC over the last three months after collectively finding 13,233 block rewards. That bitcoin block data does not include the fees paid to miners during the first quarter of 2022.


During that timeframe, there were 16 known mining pools and one “unknown” source of hashrate dedicating computational power to the Bitcoin network. The top mining pool during the last three months was Foundry USA as the pool captured 17.99% of the global hashrate in Q1.



Out of 2,380 BTC blocks mined, Foundry USA mined one empty block in Q1. Following Foundry USA’s lead in Q1 was Antpool, as it captured 14.34% of the global hashrate in 90 days. Antpool managed to mine 1,898 bitcoin blocks but four of them were empty.


F2pool was the third-largest bitcoin pool, commanding 14.05% of the network’s overall hashrate in the last three months. The 14.05% of computational power gave F2pool 1,859 blocks out of the 13,233 block rewards found in Q1.



Behind the top three pools, records show Poolin had 12.06% of the global hashrate with 1,596 blocks found, and Binance Pool captured 11.33% of the hashrate with 1,499 blocks found in Q1. The aforementioned five pools collectively captured 57.71% of Bitcoin’s global hashrate.


While there were 16 known mining pools, an “unknown” source of hashrate sometimes called “stealth miners” scored 158 bitcoin blocks, or 1.19% of the overall hashrate. While 2021 was a prominent year for stealth miners, the first quarter of 2022 shows unknown hashrate is much lower this year. Mining Difficulty Jumped Close to 17% Higher This Year, Unknown Hash Is Still the Most Dominant With 225,778 Blocks Mined Since 2009


During 2022’s first three months, the difficulty adjustment algorithm (DAA) saw five increases and just two reductions. Out of the seven epoch changes, the network’s mining difficulty increased 16.98% higher than prior to the first week of January.


On January 8, 2022, Bitcoin’s mining difficulty was 24.37 trillion and today, the difficulty is 28.59 trillion. The largest DAA increase took place at block height 719,712 on January 20, when the DAA shifted upwards by 9.32%. The largest DAA reduction took place during the first week of March at block height 725,760 when it dropped by 1.49%.



While Foundry USA was the top mining pool in 2022 over the last three months, in terms of lifetime statistics, the pool only represents 0.9% of the hashrate since 2009. The largest entity in terms of lifetime hashrate since 2009, is the unknown hashrate, as it captured 30.9% of the hashrate.


The unknown hash is followed by F2pool, Antpool, Btc.com, and Slush Pool, respectively. The now-defunct mining pool BTC Guild still holds the sixth-largest quantity of hashrate since 2009 with 4.5% or 32,935 blocks mined. For some comparison, Foundry USA has only found 6,300 blocks during the pool’s lifetime mining. Tags in this story Antpool, Bitcoin, Bitcoin (BTC), bitcoin blocks, Bitcoin mining, Blocks, Blocks found, Blocks found mining, BTC, BTC blocks, BTC Guild, BTC Mining, BTC.com, computational power, DAA, Empty Blocks, epoch changes, F2Pool, Foundry USA, Global Hashrate, Hashrate, mining, Slush Pool


What do you think about the first quarter’s top bitcoin mining pools? Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Russian Finance Ministry Amends Bill ‘On Digital Currency,’ Adds Crypto Mining Provisions MINING | 3 days ago Ethereum"s Hashrate Taps an All-Time High as Miners Race to Mint ETH Before The Merge MINING | 3 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleFloat Capital Raises $5 Million to Build Magic Internet Assets Next articleAnonymous Has Released Over 2 Million Russian Emails in Cyberwar With Russia Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItNFT Marketplace Opensea to Add Credit Card, Apple Pay Support via Moonpay


According to the firm Moonpay, the non-fungible token (NFT) marketplace Opensea plans to accept credit card payments using the company’s payment infrastructure. The move follows Opensea gathering $23.5 billion in all-time sales volume, and the company’s recent Solana support announcement. ... read more.US Senator Cruz Introduces Bill to Prevent Federal Reserve From Using Digital Currency as Surveillance Tool Indian Government Consulting With IMF, World Bank on Crypto Policy Study: 10% Growth in Crypto Market Cap Reduces Value of African Firms by 0.76% India"s Crypto Trading Volume Plummets as New Tax Rules Enter Into Force