Bitcoin Mining: Unknown Entities Account for 30% of All Mined BTC Blocks
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In 2022, Foundry USA emerged as the largest BTC mining pool based on hashrate. Reports show that the 53,510 BTC blocks were discovered by miners, with Foundry accounting for 10,044 of the total blocks. Meanwhile, Antpool, one of the largest mining pools in the world, accounted for 8,185 BTC blocks, followed by F2pool, Binance Pool, Viabtc, Poolin, and Btc.com, in that order.
Meanwhile, “unknown” miners, also called stealth miners, captured 1.78% of all blocks found in the last year. Unknown hashrate was responsible for discovering 954 blocks in 12 months. While known mining pools have netted more blocks, data shows that unknown miners have been the biggest winners.
Data shows that of the 755,432 blocks mined over the last 13 years, unknown hashrate has accounted for 30% of the global hashrate. This means stealth miners have discovered roughly 225,864 blocks since the inception of Bitcoin.
Key Bitcoin Levels to Watch — September 25
After posting a double-bottom pattern last week, Bitcoin failed to show any signs of a bullish breakout but, instead, fell into a sideways pattern as it has done for several weeks.
The benchmark cryptocurrency has maintained a $1K price range between $18.5K to $19.5K although it has consistently recorded lower highs in the past few days. With the market outlook showing little to no signs of a bullish relief anytime soon, BTC bears could take another shot at $18K and possibly lower.
Meanwhile, my resistance levels are at $19,600, $20,000, and $20,500, and my key support levels are at $18,500, $18,000, and $17,500.
Total Market Capitalization: $926 billion
Bitcoin Market Capitalization: $362.1 billion
Bitcoin Dominance: 39.1%
Market Rank: #1
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