During the first quarter of 2022, the Bitcoin hashrate averaged between 180 and 200 exahash per second (EH / s) and during that time, 13,233 block rewards were found by 16 mining pools. According to quarterly statistics, Foundry USA was the largest mining fund of the network in terms of the percentage of hashrate, as the bitcoin mining operation reached 2,380 blocks in Q1 2022.
Foundry USA commands the best bitcoin mining pool position in the first quarter of 2022
Indicators show that bitcoin miners issued approximately 82,706.25 BTC in the last three months after jointly finding 13,233 block prizes. These data on bitcoin blocks do not include fees paid to miners during the first quarter of 2022.
During that time frame, there were 16 known mining pools and one “unknown” source of hashrate dedicated to the computing power of the Bitcoin network. The largest mining fund in the last three months was Foundry USA, as the fund occupied 17.99% of the global hashrate in Q1.
From 2,380 BTC blocks mined, Foundry USA mined one empty block in Q1. Following Foundry USA’s lead in Q1 was Antpool, which accounted for 14.34% of the global hashrate in 90 days. Antpool managed to mine 1,898 blocks of bitcoin, but four were empty.
F2pool was the third largest bitcoin pool, with 14.05% of the total hashrate network in the last three months. 14.05% of computing power gave F2pool 1,859 blocks out of 13,233 block prizes found in Q1.
Behind the first three sets, records show that Poolin had 12.06% of the global hashrate with 1,596 blocks found, and Binance Pool took 11.33% of the hashrate with 1,499 blocks found in Q1. The aforementioned five pools together accounted for 57.71% of the global Bitcoin hashrate.
Although there were 16 known mining pools, an “unknown” source of hashrate sometimes referred to as “stealth miners” scored 158 bitcoin blocks, or 1.19% of total hashrate. While 2021 was a prominent year for stealth miners, the first quarter of 2022 shows that the unknown hashrate is much lower this year.
The difficulty of mining has jumped close to 17% this year, the unknown hash is still the most dominant with 225,778 mined blocks since 2009.
During the first three months of 2022, the weight adjustment algorithm (DAA) experienced five increases and only two decreases. Of the seven changes of the epoch, the difficulty of mining the network increased by 16.98% more than before the first week of January.
On January 8, 2022, the difficulty of mining Bitcoin was 24.37 trillion, and today it is 28.59 trillion. The biggest increase in the DAA occurred at a block height of 719,712 on January 20, when the DAA rose 9.32%. The biggest decrease in DAA occurred during the first week of March at the height of the 725,760 block when it fell by 1.49%.
While Foundry USA was the largest mining fund in 2022 in the last three months, in terms of life expectancy statistics, the pool represents only 0.9% of the hashrate since 2009. The largest entity in terms of lifelong hashrate since 2009 is the unknown hashrate, as it has captured 30.9% of the hashrate.
The unknown hash is followed by F2pool, Antpool, Btc.com and Slush Pool. Now a non-existent mining pool BTC Guild still holds the sixth largest amount of hashrate since 2009 with 4.5% or 32,935 mined blocks. By comparison, Foundry USA found only 6,300 blocks during lifelong pool mining.
What do you think about the best bitcoin mining funds in the first quarter? Tell us what you think about this topic in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
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