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Glassnode

Chart description

This chart presents the estimated relative share of hashrate attributed to three cohorts of miners:

  • 🔵 Patoshi
  • 🔴 Miners labelled by Glassnode
  • 🟡 Unlabelled 'Other' miners

A value of 0.9 indicates that the associated miner cohort accounts for 90% all of the hashpower on the Bitcoin network.

Here we use the relative share of block-reward revenue, as a proportion of the total, as a proxy estimate for hashrate attributed to each miner cohort. Where a cohort of miners win 30% of the block reward, it provides a reasonable estimate that they host 30% of the network hashrate.

Metrics details