Crypto

The Current State of top Bitcoin Mining Pools Following the 2020 Halving

Following the recent block reward halving, many people expected the Bitcoin network hashrate to drop off significantly. That has not happened as of yet, although some changes can be noted when looking at rankings of the mining pools. 

Statistics provided by BTC.com confirm that the Bitcoin mining landscape has undergone some changes in the past year.

Bitcoin Mining Pools in Early 2020

Several pools keep vying for traction, yet it can be an uphill battle more often than not.

There are also a few new pools trying to make an impact, which is well worth keeping an eye on. 

F2Pool currently remains the largest pool, followed relatively close by Poolin.

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Antpool has seen minor growth, although some of that has been negated since the block reward halving. 

BTC.com itself is doing quite well, although it too has lost some of the gained momentum in the past three months.

The biggest “contraction” comes in the form of “other” mining pools and solo miners, which have seemingly pointed their mining power somewhere else. 

What is rather interesting is how a few new pools have come to forefront in the past year.

More specifically, OKExPool – which virtually disappeared for several months in 2019 – as well as 58COIN & THash, and Lubian.com are all trying to climb the rankings.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

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