Bitcoin Mining in July: $844.56 Million in Revenue, Dominance of Top Pools, and Fluctuating Difficulty Levels

Bitcoin Mining in July: $844.56 Million in Revenue, Dominance of Top Pools, and Fluctuating Difficulty Levels

As per the data compiled for the month of July, bitcoin miners discovered a total of 4,366 blocks, collectively accruing approximately $844.56 million in block rewards and fees. This figure marks an estimated increase of $60.8 million from the previous month.
July’s Bitcoin Mining Landscape: Top Pools Capture 65.65% of Global Hashrate
On July 31, 2023, the Bitcoin hashrate was smoothly navigating at a rate of 386.89 exahash per second (EH/s), with the past 2,016 blocks reflecting an average of approximately 377.7 EH/s. The month of July was marked by two pivotal difficulty retargets: the first of these adjustments occurred on July 11, increasing by 6.45% and elevating the total to 53.91 trillion.
Then, roughly two weeks later on July 26, or precisely 2,016 blocks subsequent to the previous change, the difficulty experienced a decrease of 2.94% at block height 800,352. This reduction has set the current difficulty level to 52.33 trillion, a figure that is expected to remain stable unt

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