Data obtained for the month of July indicates that bitcoin miners generated a total of 4,366 blocks, earning a total of $844.56 million in block rewards and fees according to .
This amount represents a $60.8 million gain over the previous month. On July 31, 2023, the Bitcoin hash rate was cruising along at 386.89 exahash per second (EH/s), with the previous 2,016 blocks averaging around 377.7 EH/s.
The month of July had two key difficulty retargets: the first happened on July 11, rising by 6.45% and raising the total to 53.91 trillion.
The difficulty then decreased by 2.94% at block height 800,352 around two weeks later, on July 26, or exactly 2,016 blocks after the last modification.
The current difficulty level has been reduced to 52.33 trillion, a quantity that is predicted to remain steady until or around August 9, 2023.
Bitcoin miners have earned $844.56 million in block rewards and fees over the last month, with fees alone accounting for $18.81 million of this total.
This money represents a significant increase, as it is $60.8 million higher than the $783.76 million earned by miners in June. July’s mining activity yielded a total of 4,366 blocks, with Foundry USA taking the lead, discovering 1,266 blocks and capturing 29% of the worldwide hashrate.
Antpool, the second-biggest mining pool, acquired 992 blocks, while F2pool found 608 blocks. Throughout the last 30 days, trio mining pool behemoths – Foundry, Antpool, and F2pool – controlled 65.65% of the worldwide hashrate.
The setting for Bitcoin mining in January 2023 is similar to the current situation, with miners discovering 4,598 blocks during that month.
Foundry discovered 1,472 blocks at the moment, shortly after Antpool’s successful discovery of 902 blocks. F2Pool finished third, extracting around 663 blocks. These three behemoths — Foundry, Antpool, and F2pool — controlled a whopping 66.05% of the hashrate in January 2023.
Going back the clock nearly seven years, the environment had changed dramatically. Mining was less consolidated from September 3 to October 3, 2016, with 4,555 blocks mined.
During that time, the top three mining pools (F2pool, Antpool, and BTCC) only captured 45.49% of the total hashrate, indicating a more distributed mining ecosystem.
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