Bitcoin Network Sees a Massive Mining Pool Shift Following the Halving

Following the third bitcoin halving on May 11, 2020, there’s been a big shift in mining pool distribution, as far as hashrate is concerned. At the time of publication, there’s around 100-115 exahash per second (EH/s) in search of bitcoin blocks and spectators have seen two relatively unknown mining pools join the top mining pool contenders. Both of these new mining pools capture around 14 EH/s today, and the top operations F2pool and BTC.com have around 34 EH/s between both pools.

The last BTC halving saw a small amount of different network activity and every single mining operation lost 50% of revenue after the halving. A minuscule fraction of hashrate has left since the revenue cut, and BTC transaction (txn) fees have been on the rise. In the last 48 hours, a single BTC txn can cost a user between $2-4 depending on network congestion.

Another noticeable sight is the occurrence of extremely less stealth hash (unknown miners) than weeks ago and two relatively new mining…