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An analysis of Bitcoin’s mining pool distribution

by Larry Cermak

August 21, 2019, 10:14AM EDT  ·  2 min read

Quick Take

  • Even though the hash rate grew rapidly in the last two years, the mining pool distribution has stayed nearly the same
  • At any given point, a maximum of four mining pools control more than 50% of the hash rate
  • Bitmain’s pools controlled a combined hash rate of more than 40% for the entire H1 of 2018
  • The largest mining pool currently has more hash rate than Bitcoin’s entire hash rate in November 2017

by Larry Cermak

August 21, 2019, 10:14AM EDT  ·  2 min read

Bitcoin hash rate is now five times as high as in January 2018 while the mining pool distribution has stayed relatively the same. At any given point, a maximum of four mining pools control more than 50% of the hash rate.

At the time of writing, BTC.com, F2Pool, Antpool and Poolin control 57% of Bitcoin hash rate.