Antpool and BTC.com have lost a bit of their old glory, significantly shrinking the share of Bitcoin block rewards on a daily and weekly basis. The BTC mining pools, headed by Bitmain, are still among the top four miners but have ceded their leadership to F2Pool and Poolin.
Bitmain Lost Bitcoin Mining Leadership in Three Months
In the past three months, while the overall hash rate for Bitcoin’s network kept setting a series of mining records, Bitmain’s pools lagged behind.
What a big difference 3 months make to @BITMAINtech with all the drama. In August, I looked at Bitcoin’s hashrate distribution. Bitmain was the number 1 & 2 largest mining pool (https://t.co/SXrePJYWQz & AntPool). Now they have been overtaken by @f2pool_official & @officialpoolin pic.twitter.com/kAC4IcrbUJ
— Bobby Ong (@bobbyong) October 31, 2019
The lag of the two pools is happening as bitcoin is trading at prices way above breakeven for most Chinese miners. As the exact composition and hashing power of BTC mining pools is reported by different methods, it is hard to determine what happened to the two leading miners.
A pool is also not dedicated to a single bitcoin mining operator, and anyone can join it. Thus, mining farms may switch affiliation. A larger pool means a higher chance of winning the ever more scarce block rewards, and receiving a fraction of BTC for the mining effort.
Antpool Loses Steam
Antpool has seen a slow but steady decline in bitcoin block discovery over the years. Still, the pool has discovered more than 45,000 blocks in the past, picking up the pace in 2015.
BTC.com seems to be in better shape,