Bitcoin Network Sees a Massive Mining Pool Shift Following the Halving
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Bitcoin Network Sees a Massive Mining Pool Shift Following the Halving

THELOGICALINDIAN - Following the third bitcoin halving on May 11 2024 theres been a big about-face in mining basin administration as far as hashrate is anxious At the time of advertisement theres about 100115 exahash per additional EHs in chase of bitcoin blocks and assemblage accept apparent two almost alien mining pools accompany the top mining basin contenders Both of these new mining pools abduction about 14 EHs today and the top operations F2pool and BTCcom accept about 34 EHs amid both pools

The aftermost BTC halving saw a baby bulk of altered arrangement action and every distinct mining operation absent 50% of acquirement afterwards the halving. A atomic atom of hashrate has larboard back the acquirement cut, and BTC transaction (txn) fees accept been on the rise. In the aftermost 48 hours, a distinct BTC txn can amount a user amid $2-4 depending on arrangement congestion.

Another apparent afterimage is the accident of acutely beneath stealth assortment (unknown miners) than weeks ago and two almost new mining operations. The two mining pools alleged 1Thash and Lubian.com accept acquired a lot of hashrate back the halving and both operations accept captured about 14 EH/s back then.

1Thash was accepted for some time now, but the basin had way beneath hashpower than it does today, as it captures 7.6% of the all-embracing hashrate on May 14, 2020. Hashrate administration statistics appearance that the basin Lubian.com mined its aboriginal bill at block acme 627,441. Similarly to 1Thash, the operation additionally has 7.6% of today’s SHA256 hashrate on the BTC chain, and both of them ascendancy the fifth and sixth better hashrate administration positions.

According to the bounded anchorman Lylian Teng from 8btc, Lubian’s name agency “roadside” and the website claims to be the “safest aerial acquiescent mining pool.” Teng additionally said that the bounded Chinese account aperture Blockbeats were the aboriginal to atom Lubian hashing abroad at the BTC chain, and they gave advice to Btc.com for administration statistics.

Blockchain.com’s basin carbon abstracts still says “unknown” for Lubian’s position, but Btc.com statistics has both Lubian and 1Thash recorded. If Btc.com’s basin stats are correct, that would beggarly there is actual little alien assortment stealth mining the BTC alternation today. The abstracts indicates that there are 15 accepted mining pools back the halving still hashing away. Pools accommodate Btc.com, F2pool, Antpool, Poolin, 1Thash, Lubian, Viabtc, Huobi, Okex, Slush, Nova, Binance, Bitcoin.com, Spider, and Ukrpool.

F2pool has additionally afresh allowable the second-largest mining basin position by adjustment of SHA256 hashpower in the race. The Chinese mining operation was additionally advantageous abundant to access the aftermost 12.5 BTC block accolade afore the halving. Etched into the Coinbase bulletin F2pool wrote:

Since then, news.Bitcoin.com reported on how the absolute amount of block rewards and fees alone from $17.16 actor on May 12 to $8.95 actor the actual abutting day. So far, on Thursday three canicule afterwards the halving, BTC’s amount has acicular to the $9,900 region. However, at that point, the amount adapted some and the amount has been aerial amid the $9,500 to $9,750 area back then.

What do you anticipate about the change in hashrate administration back the accolade halving? Let us apperceive in the comments below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, btc.com/stats/pool