Saturday, July 20, 2024

During the month of June, bitcoin miners successfully discovered 4,324 block rewards, with around 37 mining pools contributing their hashrate to the blockchain. This period marked two significant milestones for the network: on June 11, the hashrate reached an all-time high, and three days later, on June 14, the mining difficulty also peaked at a new level.

Despite mining operations accumulating a total of 27,025 fresh bitcoins in June, the mining difficulty reached an all-time high, posing challenges for miners.

The average hashrate recorded by bitcoin miners over the past 2,016 blocks stood at approximately 359 exahashes per second (EH/s). As of July 1, 2023, the current hashrate is approximately 335.71 EH/s, with 37 mining pools actively participating in the Bitcoin network.

According to btc.com statistics, Foundry USA emerged as the leading mining pool on Saturday, maintaining its top position from the previous month. Throughout June, Foundry discovered 1,404 block rewards, accounting for 32.47% of the global hashrate. Antpool secured the second spot by finding 923 blocks, representing a 21.35% share of the total hashrate.

Other notable mining pools in close pursuit were F2pool (593 blocks), Binance Pool (382 blocks), and Viabtc (373 blocks), together accounting for 31.17% of the global hashrate. On July 1, a total of 16 mining pools generated at least 1 exahash or more of global hashpower.

In June, the Bitcoin blockchain underwent two difficulty retargets. The first occurred on June 14 at block height 794,304, resulting in a 2.18% increase. The second retarget took place on June 28 at block height 796,320, leading to a 3.26% decrease.

The June 14 increase propelled the difficulty to an all-time high (ATH) of 52.35 trillion, but the subsequent decrease two weeks later brought it down to the current level of 50.65 trillion. While the difficulty ATH marked a significant milestone, the total hashrate of Bitcoin reached an ATH of 516.61 EH/s on June 11, 2023, at block height 793,868.

The next difficulty adjustment is scheduled to occur around July 13, 2023, and the next block reward halving is roughly 43,000 blocks away. The halving, anticipated to happen around April 21, 2024, will reduce the block reward from 6.25 BTC to 3.125 BTC.

At the time of writing, at block height 796,756, it is projected that miners will discover approximately 270,275 BTC before the halving. However, as the halving event approaches, mining revenue is expected to decline due to the halving’s impact on block rewards. Data from theminermag.com shows that the amount of BTC produced per day by a single EH/s of operating hashrate has steadily decreased since January 2022.

The figures reveal a decline from 5.1 BTC per day in January last year to the current rate of 2.6 BTC. In June, the rate remained at 2.6 BTC, while May recorded 3 BTC, surpassing April’s daily rate of 2.7 BTC for one EH/s.

We would like to hear your thoughts on June’s mining statistics and your predictions for the future of Bitcoin miners. Are you expecting an increase in revenue before the halving? Feel free to share your insights and opinions in the comments section below.

Frequently Asked Questions (FAQs) about bitcoin mining statistics

Q: What were the mining milestones achieved in June 2023?

A: In June 2023, the Bitcoin network reached an all-time high in hashrate on June 11, and three days later, on June 14, the mining difficulty also reached a new peak.

Q: How many block rewards were discovered by bitcoin miners in June?

A: Bitcoin miners discovered 4,324 block rewards during the month of June.

Q: Which mining pool had the highest hashrate in June?

A: Foundry USA emerged as the top mining pool in June, accounting for 32.47% of the global hashrate.

Q: What is the current hashrate of the Bitcoin network?

A: As of July 1, 2023, the current hashrate of the Bitcoin network is approximately 335.71 exahashes per second (EH/s).

Q: When is the next difficulty change scheduled to occur?

A: The next difficulty change is scheduled to occur on or around July 13, 2023.

Q: When is the next block reward halving expected?

A: The next block reward halving is anticipated to take place on or around April 21, 2024.

Q: How has mining revenue been affected leading up to the halving?

A: Mining revenue has steadily declined as the amount of BTC produced per day by a single EH/s of operating hashrate has decreased since January 2022.

Q: What is the projected number of BTC that miners will discover before the halving?

A: At the time of writing, it is projected that miners will discover approximately 270,275 BTC before the halving.

Q: What are the implications of the halving for mining revenue?

A: The halving event will reduce the block reward from 6.25 BTC to 3.125 BTC, leading to a decline in mining revenue for operations.

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5 comments

CryptoFan22 July 2, 2023 - 8:57 pm

oh man, june’s mining stats for bitcoin are cray! hashrate and difficulty reached all-time high! but wait, revenue fell behind. what’s up with that? miners need that cash, yo!

Reply
BitMinerX July 2, 2023 - 10:19 pm

Whoa, June was a rollercoaster for bitcoin miners! The hashrate went sky-high, and difficulty followed suit. But, dang it, revenue didn’t match the hype. Can miners make more moola before the halving? Let’s chat!

Reply
BitcoinGuru101 July 3, 2023 - 1:01 am

June was wild for bitcoin mining! Hashtag hashrate and diff reached new peaks, but revenue lagged. What does the future hold? Will miners get that $$ before the halving? Let’s discuss!

Reply
CryptoEnthusiast88 July 3, 2023 - 8:23 am

June’s bitcoin mining stats are off the charts! The network hit a record hashrate and difficulty levels. But, sigh, revenue didn’t keep up. Halving’s coming up, will it boost earnings? Share your thoughts!

Reply
BlockchainWizard July 3, 2023 - 3:12 pm

June’s mining figures for bitcoin are mind-blowing! Hashrate and diff soared, setting new records. But, disappointingly, revenue couldn’t keep pace. Will miners see a revenue surge before the halving? Share your insights below!

Reply

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