Bitcoin Mining Pool distribution monthly reports

[notblox1]

https://btc.com/stats/pool?pool_mode=day

Big changes in Bitcoin mining pools this week:
- Binance pool is now 3rd biggest pool.
- Poolin, Slush and BTC.com mMining pools announced they will support Taproot

Schnorr is new algorithm for generating signatures, and Taproot is using Schnorr signatures for privacy and smart contracts.

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[Artemis3]

There is one controversial Blockseer Bitcoin Mining Pool that is started to censor transactions from blacklisted wallets.
This pool also requires all miners to pass KYC procedure!
Blockseer is first North America bitcoin mining pool that will meet all US Government compliance.
They are located in San Francisco and have parent company DMG located in Canada.
This is alert for everyone, and we should not allow this to spill over on other pools.

This pool is only going to be ignored. Are they going to declare the other pools illegal then? How about the lone solo miners?

Technically you can still set up your own node and mine to it. A pool is kinda sharing this with a larger group and split the rewards when finding a block. I don't think most people would agree to set up and maintain a black list in their nodes.

Law enforcement should solve these things in the physical realm and leave the technology alone, don't try to mend it to their will, which is what some politicians probably want.

If anything this "compliance" is like a death sentence to American pools. Lets hope people with better knowledge of Bitcoin in the new government correct this.

[notblox1]

https://taprootactivation.com/

Bitcoin Taproot upgrade proposal now reached 74.2% and there is still no answer from Binance Pool, ViaBTC and SigmaPool is undecided, but they will have to accept is sooner or later:
https://github.com/taprootactivation/Taproot-Activation/pull/7/files

Top five Pools based on btc.com stats:

1   F2Pool   19.43 %   26.34 EH/s
2   Poolin   13.97 %   18.94 EH/s
3   Binance   11.14 %   15.10 EH/s
4   AntPool   10.26 %   13.91 EH/s
5   Huobi.pool   9.39 %   12.73 EH/s   

[pepeepe]

>>snip<<

Much as I don't like crypto theft and money laundering, This move is not good for the Bitcoin Network at all. Imagine your transaction getting ignored just because the inputs are from suspicious sources you have no idea about.

What if miners just decided to stand in solidarity and abandon or boycott the said mining pool for other much better mining pools

I don't like them stealing or smuggling money at all. I want those who steal or smuggle money, not just cryptocurrencies, to be given the maximum punishment because they are the enemies of the enemy society of the country because they honestly buy and sell these cryptocurrencies.  Good profits are available. I would urge everyone not to be in a good place like this cryptocurrency.

[notblox1]

https://btc.com/

Binance pool is now third largest Bitcoin mining pool with almost 12% of total hashrate and they can easily take the second place from btc.com!
They still have no answer for Taproot proposal activation, and even ViaBTC pool accepted it recently, and taproot is now at 82.05% activation:
https://taprootactivation.com/

[Buttermellow]

Binance is one good exchange platform no wonder if they can get higher percentage in bitcoin mining pool. However, do really binance made such mining pool or is it they are having partners? If so, they can always at advantage for there are many people trading in binance that include other crypto as well that might also be traded to bitcoin as well.

[notblox1]

https://btc.com/stats/pool

Binance pool moved up and they are now second biggest Bitcoin pool, and even CZ had to brag an tweet how they like that spot and they only want to help decentralization....yeah right, that is why they created centralized bnb coin  

#Binance Mining Pool at No. 2 now.
This is probably a good spot. We don't want to be No. 1 or make mining overly concentrated. We want to help decentralize.

https://twitter.com/cz_binance/status/1344274116405170176

On positive side, Binance accepted Taproot proposal and now activation is at 91.05 % with only few pools left without answer.
https://taprootactivation.com/

[notblox1]

https://explorer.btc.com/btc/insights-pools

In last 24h Binance pool moved to first place wit 23.31 EH/s   and 15.29 % from total bitcoin hashrate, but I am not sure how long they can hold in first place even after confirmation from coin.dance and btc.com.
Second largest pool in BTC.com followed by F2Pool, Antpool and Poolin.

Bitcoin Taproot Activation is still 91.05% with most major pools approvall.

[notblox1]

We have some changes in Bitcoin Mining pools as Binance dropped down in 5th place with just above 9% share, and BTC.com pool who is currently in 4th place has been purchased by online sport lottery provider 500.com and transfer should happen before April 15, 2021.
Poolin is still in first place with similar share like second placed F2Pool around 14%

You can see full list of pools with changes and recent stats here:
https://explorer.btc.com/btc/insights-pools

[notblox1]

There was a big change in Chinese mining pools related with regional electricity blackouts for security checks resulting in reduced hashrate .
In last 24 hours F2Pool has 14.28% lower hashrate, Antpool -21.30%, BTC.com pool -20.93%, Poolin -35.99%, Binance pool -25.30%, Huobi pool -28.90%,
I noticed that even BTC.com explorer is not working correctly at the moment.


https://explorer.btc.com/

[notblox1]

I would like to ask miners to move away from Binance pool and other pools that are not supporting Taproot.
New Speedy Trial Taproot period has started and you can join any other pool with green check symbol: https://taproot.watch/miners

AntPool currently has biggest share of all hashrate with 16.86% and they are supporting Taproot.
Poolin is in second place with 15.49% and they are also supporting Taproot just like F2Pool, but ViaBTC is still not supporting it along with Huobi pool and few others.


https://explorer.btc.com/btc/insights-pools

[notblox1]

After ban for Chinese miners we had some changes in hashrate and mining pool distribution and it is clear that Binance is slowly slipping down and they are currently on position number seven.
AntPool is top pool followed closely by ViaBTC Foundry USA is probably biggest positive change with 10.69% of hashrate and they are not based in China for change.
MARA Pool known for claiming to be compliant with regulators is also growing and now they are 2.77% of hashrate.
Generally speaking Bitcoin hashrate is slowly recovering after Chinese exodus and I expect to see more in next few months, and current total hashrate is 120580.33 PH/s.   


https://explorer.btc.com/btc/insights-pools

[DarkDays]

Here is the latest update from Bitcoin mining pools, and we can see that Binance pool is still growing and it is now around 10% from total hashrate or around 12,468 PH/s.
That means that now they are in top five pools, and they can easily climb to second or third place.
Total hashrate is around 133.40 EH/s and it is till growing.

Hate to say this but binance offers better than other pools epecially fees, initially they offer zero fees and lesser than other mining pools, If I have some of equipments maybe I'll do participate their pool due to this advantage and maybe just maybe others do the same. Though it might be hard for them to top the 2-3 largest pools coz afaik these top 3 has largest and miners with their own company's miner rigs especially poolin.

When looking at the pool rewards and the fact that it comes from a somewhat 'trusted' exchange it is no surprise that Binance catches a lot of new comers that want to get on mining.

While some others pools are well known among veterans it seems to me that lack of info is a factor that differentiates Binance from others  and likely contributing to the pool growth. Their rewards are also convincing.

One note on decentralization, we can't get full decentralization (that's the nature of things) but it becomes acceptable so long as not one entity owns most of  the pool. We need to compromise between full-centralization and part-decentralization, and to me the latter is far more attractive.

[mikeywith]

When looking at the pool rewards and the fact that it comes from a somewhat 'trusted' exchange it is no surprise that Binance catches a lot of new comers that want to get on mining.

Pool rewards are the same across all pools that pay in the method, PPS+ for the case of Binance, I think the most important factor after the one you listed above was the fact that they offered 0% fees mining for 3 whole months, nobody can do that shit to be honest. PPS fees have to be high (the explanation is a bit too long but that's how it is), so when Binance offered 0% fees when pools like Viabtc was 4%, a ton of miners moved there, and after the 3-month free period, Binance didn't come back with a 3% or 4%, they came back with 2% which is the lowest PPS+ fee you can find in the market, at that time I think only f2pool was offering a similar fee, so Binance managed to keep most of the miners who came for the 0% fees.

On a side but related note, being a bit too picky, I did not like Binance pool at all, I might not have given it a fair test and it must have improved since I tested it in its early days, but it was far from stable, however, seeing miners still use it, they have probably improved a lot compared to when they started, I still don't use their pool service since I use their exchange, it's a bit too risky to be all in one place, which is funny because most miners who use Binance will tell you they do so because they can withdraw to the exchange for free.

[notblox1]

Interesting changes in Bitcoin mining pools since last time I wrote here one month ago.
First thing we can see is new unknown pool showed up and it already has over 8% of total hashrate, taking position number seven.
Poolin and AntPool are sharing almost equal hashrate, after them are ViaBTC, F2Pool, Binance Pool and American pool Foundry USA.
Mara compliant pool dropped hashrate from last time and they now have only 1.26% of total hashrate.
Four biggest pools have more than 50% of Bitcoin hashrate.


https://explorer.btc.com/btc/insights-pools

[notblox1]

October is not showing any major changes in top bitcoin mining pools, but we know that Iran turned their machines back up now.
Antpool is biggest pool followed by F2Pool, Poolin and ViaBTC, but good news is that Foundry USA is now fifth biggest pool, and Binance declined to seven place.
Mara compliant pool now have only 1.44% of total hashrate and they are on 11 place by size.


https://explorer.btc.com/btc/insights-pools

[notblox1]

Month of November is here and we have unknown pool back on place number four with 11.88% of total hashrate.
F2Pool is now bigest mining pool with over 21% of hashrate, followed by Antpool and ViaBTC pools and this 3 pools have more than 50% of total hashrate.
Binance pool dropped more hashrate from last month and they have less than 7% of hashrate.

[notblox1]

Month of December and holidays is here and we have some major changes in Bitcoin mining pools.
Foundry USA is now the biggest pool with over 16% of total hashrate, and they are followed by AntPool with 15.62% and F2Pool with 13.59%.
ViaBTC is now on position number four that is drop one place compared to last month, and Binance pool is back up on fifth position with just over 11% of hashrate.
Unkwnon pool is still active and it has nice share with over 10% of bitcoin hashrate.
Good thing is that 3 pools can't have 50% of hashrate and that is nice improvement from last month.


https://explorer.btc.com/btc/insights-pools

[notblox1]

First month of new year 2022 and I am taking a look on state of Bitcoin mining pools in January.
F2Pool jumped back in first place with 16.67% of total hashrate, but Foundry USA and AntPool are just behind them with both having 15.74% of total hashrate.
Poolin made a big comeback and they are now in fourth place, slightly above ViaBTC in fifth place.
Binance pool drop one place from December and they are now in 6th place with 10.65% of hashrate, followed by many smaller pools.
MARA Pool currently have 1.62% of hashrate that is drop from last month, and one unknown pool is here again with 1.16% hashrate.
Full list of pools can be found on link below image.


https://explorer.btc.com/btc/insights-pools

[notblox1]

February report for bitcoin mining pools is showing change in first place with Foundry USA having over 16% of bitcoin hashrate now, followed by AntPool and F2Pool.
Pooling kept the same position like in January and Binance is back in fifth place and ViaBTC in 6th place with 8.13% of hashrate.
Unknown pool have 1705.47 PH/s or 0.90% of total hashrate, and Mara pool has 2% that is increase from last month.


https://explorer.btc.com/btc/insights-pools