June 2023 Mining Stats: Bitcoin Hashrate and Difficulty Reach New Peaks While Revenue Lags

Over the previous 30 days, bitcoin miners found 4,324 block rewards through the month of June, with roughly 37 mining swimming pools dedicating hashrate to the blockchain. The blockchain achieved two milestones in June, because the community reached an all-time excessive in hashrate on June 11, and three days later, on June 14, the mining issue additionally reached a brand new peak.

While Miners Accrued 27,025 Fresh Bitcoin in June, Mining Difficulty Tapped an All-Time High

Bitcoin miners, over the previous 2,016 blocks, have recorded a mean hashrate of roughly 359 exahash per second (EH/s). On Saturday, July 1, 2023, the present hashrate is roughly 335.71 EH/s, with 37 mining swimming pools dedicating hashpower to the Bitcoin chain.

Foundry USA is the highest mining pool on Saturday, and it additionally held the highest place through the earlier month. Statistics point out that all through June, mining swimming pools found 4,324 block rewards, with Foundry discovering 1,404 of them.

Foundry’s metrics in June point out that the pool accounted for 32.47% of the worldwide hashrate. Antpool claimed the second place in June, discovering 923 blocks through the month and capturing a 21.35% share of the whole hashrate.

Following intently had been F2pool (593 blocks), Binance Pool (382 blocks), and Viabtc (373 blocks), collectively accounting for 31.17% of the worldwide hashrate. A complete of 16 mining swimming pools generated at the very least 1 exahash or extra of world hashpower on July 1.

In June, the Bitcoin blockchain skilled two issue retargets. On June 14, at block top 794,304, there was a 2.18% improve, and on June 28, at block top 796,320, a 3.26% lower occurred.

The June 14 improve introduced the issue to an all-time excessive (ATH) of 52.35 trillion, whereas the following lower two weeks later lowered it to the present 50.65 trillion. Although the issue ATH was a major milestone, Bitcoin’s whole hashrate reached an ATH of 516.61 EH/s on June 11, 2023, at block top 793,868.

Currently, the following issue change is scheduled to happen on or round July 13, 2023, and the following block reward halving is simply over 43,000 blocks away. Bitcoin’s halving is predicted to happen on or round April 21, 2024, decreasing the block reward from 6.25 BTC to three.125 BTC.

As of the time of writing, at block top 796,756, miners are projected to find roughly 270,275 BTC earlier than the halving. Amid the upcoming block reward halving, which is able to halve an operation’s mining income, bitcoin mining statistics from theminermag.com point out that the quantity of BTC produced per day by a single EH/s of working hashrate has steadily declined since January 2022.

In January of final 12 months, miners earned 5.1 BTC per day, however the present statistics present a lower to 2.6 BTC. In June, the determine remained at 2.6 BTC, whereas May recorded 3 BTC, surpassing April’s every day fee of two.7 BTC for one EH/s.

What are your ideas on June’s mining statistics and what lies forward for Bitcoin miners? Do you anticipate a rise in income previous to the halving? Please share your insights and opinions on this subject within the feedback part beneath.