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Top cryptosupers 201906v1

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Top 50 Crypto Mining Pools

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Top cryptosupers 201906v1

  1. 1. The image part with relationship ID rId2 was not found in the file. @OrionX_net CryptoSuper-50 Top Cryptocurrency Supercomputers June14, 2019 Stephen Perrenod
  2. 2. @OrionX_net Digital Money Store of value Safe? Unit of account Supply? Medium of exchange Stable? What is it? ©2018 OrionX.net
  3. 3. @OrionX_net OrionX position Money 3.0 ª Cryptocurrencies (at least Bitcoin) represent Money 3.0 0.x – shells, beads 1.0 – gold and silver coins 2.0 – national fiat currencies 3.0 – Decentralized digital Money stored in the Internet Others might say they are simply digital assets ª Most of the current 2200+ coins will prove to be worthless in the long run ª There may be many created to represent shares of real estate, companies, other real assets (security tokens) ª Surprise: your Bitcoin is not in your hardware wallet or paper wallet. That just holds the keys.
  4. 4. @OrionX_net ª It’s not either/or, it’s both ª They are each layers in a stack ª Blockchain is the triple entry ledger of chained transaction blocks: sender wallet, blockchain, receiver wallet ª A consensus algorithm (e.g. Nakamoto) that enforces security and prevents double spending is required: Mining ª An incentive is required to cause the algorithm to be computed and transactions added to the chain: Cryptocurrency/Coin ª Smart contracts and second layer chains extend the functionality Blockchain or Bitcoin? Purpose Layer Extensibility Smart Contracts, Second Layer channels Economic Incentive for recording Transactions Crypto Coin Security & Anti- Counterfeiting Consensus Algorithm (Proof of Work) Immutable Record of Transactions Blockchain
  5. 5. @OrionX_net Supercomputing for decentralized Money Cryptocurrency Mining ª How big is the Crypto Mining Market? ª Bitcoin market cap about $279 billion (May 30, 2019) ª Bitcoin daily production = $15.7 million – money supply inflation ~ 3.6% will cut in half in 2020 – 24 hours x 6 blocks per hour x 12.5 coins x $8701 (as of 5/30/19) ª Annual production run rate, Bitcoin, $5.72 billion ª Although Bitcoin is just over half of the market cap of some 2,200 coins, it dominates the Mined (Proof of Work) coin category ª Ethereum #2 daily production 13,600 coins x $284 = $3.86million (5/30/19) or $1.41 billion per annum
  6. 6. @OrionX_net CryptoSuper Methodology ª We only consider include Proof of Work mined coins, since they are the only ones using significant supercomputing power – Non-mined coins usually use Proof of Stake, Premining (“air drop”), or some Byzantine Fault Tolerant algorithm. They either have to start with mining or air drop. The US $ started out as Proof of Work (mining, minting) then switched to Proof of Stake (paper certificates against gold, silver) and now is an “air drop”. ª We consider the top 10 mined coins, look at pool statistics and then end up with 8 mined coins making the cut ª The mining protocols and hash rates vary in very large degree between coins – e.g. top pool for Bitcoin is in the Exahash/s and the top pool for Monero is in the Megahash/s (almost 12 orders of magnitude lower) ª Most coins (Bitcoin, Ethereum) require ASICs to be profitably mined, others (including Monero) can run on GPUs ª We compare mining pools by using the economic value of coins produced per day = number of blocks mined x number of coins per block x price per coin
  7. 7. @OrionX_net Top Coins Top Host Countries Top Pool Operators Summary Tables
  8. 8. @OrionX_net ª Daily value of top eight mined coins is based on a 7 day average of hash production, but for Bitcoin, Ethereum, and Bitcoin Cash we had 30 day averages available ª Annualized column is the annual run rate extrapolated from recent daily average ª Over $8 billion of economic value is created per year (some $23 million per day) – This is for all mining pools, not just Top 50 Top Coins Coin Hardware, Algorithm Coins per day Hash Rate Daily Value M$ Annualized M$ Bitcoin ASIC, SHA256 1800 47 Exa 15.66 5,717 Ethereum ASIC, Ethash 13,600 172 Tera 3.86 1,410 Litecoin ASIC, Scrypt 14,825 352Tera 1.74 636 Bitcoin Cash ASIC, SHA256 1800 1.36 Exa 0.84 308 Zcash ASIC, Equihash 7200 4 Giga 0.63 228 Bitcoin SV ASIC, SHA256 1800 2.0 Peta 0.40 145 Dash ASIC, X11 1693 1.7 Peta 0.29 107 Monero GPU, CryptoNight 1934 329 Mega 0.18 67 Totals 23.61 8,619
  9. 9. @OrionX_net ª We ranked the pools for each of the eight top coins ª Pools are in fact multinational since anyone can contribute compute power to any pool ª We list by host country, some are Mixed (usually combo of China, US, Europe) ª We then interleaved the list to get the top pools by $ value of production ª China has over one third, and the USA has almost one quarter of the top pools Top Host Countries Host Country Number of Top Pools Daily Value M$ Annualized M$ China 18 10.72 3,912 USA 11 4.77 1,743 Hong Kong 6 2.77 1,010 Mixed 12 2.69 980 Other 3 1.18 430 Totals 50 22.12 8,074
  10. 10. @OrionX_net ª Often the same pool is mining multiple coins ª We aggregate the coins under a particular operator ª We also list the host country ª These are the Top 10, responsible for ~ 74% of the Top 50 economic value creation ª China has 5, USA 3, Hong Kong 1 Top Pool Operators Pool Operator Host Country Number of Top Pools Daily Value M$ Annualized M$ BTC.com China 2 3.06 1115 F2Pool China 5 2.76 1007 Antpool Hong Kong 5 2.38 868 Poolin China 4 2.26 825 Slushpool USA 2 1.62 592 BTC.Top China 3 1.47 537 ViaBTC USA 3 1.34 488 Huobi.Pool China 2 0.69 251 NanoPool USA, EU, Asia 2 0.50 182 Bitcoin.com USA 2 0.34 124 Totals 30 16.41 5,990
  11. 11. @OrionX_net Top 50 Crypto Super List
  12. 12. @OrionX_net Top 10 List of Cryptocurrency Supercomputers Pool, coin, value, host country Rank Pool Coin Daily M$ Annualized M$ Host Country 1 BTC.com Bitcoin BTC 2.880 1051.2 China 2 AntPool Bitcoin BTC 1.945 709.9 Hong Kong 3 F2Pool Bitcoin BTC 1.864 680.4 China 4 SlushPool Bitcoin BTC 1.563 570.5 US 5 Poolin Bitcoin BTC 1.416 516.8 China 6 ViaBTC Bitcoin BTC 1.109 404.8 US 7 BTC.Top Bitcoin BTC 1.106 403.7 China 8 Ethermine Ethereum ETH 0.944 344.6 US 9 unknown Bitcoin BTC 0.921 336.2 n/a 10 Spark Pool Ethereum ETH 0.918 335.1 China
  13. 13. @OrionX_net Top 11-20 List Rank Pool Coin Daily M$ Annualized M$ Host Country 11 BitFury Bitcoin BTC 0.631 230.3 Georgia, Iceland 12 Huobi.pool Bitcoin BTC 0.605 220.8 China 13 F2Pool Ethereum ETH 0.457 166.8 China 14 NanoPool Ethereum ETH 0.422 154.0 US, EU, Asia 15 Rawpool Bitcoin BTC 0.388 141.6 Hong Kong 16 BitClub Bitcoin BTC 0.385 140.5 US 17 Poolin Bitcoin SV BSV 0.320 116.8 China 18 Poolin Litecoin LTC 0.312 113.9 US, China 19 bitcoin.com BItcoin BTC 0.280 102.2 US 20 F2Pool Litecoin LTC 0.264 96.4 China, US
  14. 14. @OrionX_net Top 21-30 List Rank Pool Coin Daily M$ Annualized M$ Host Country 21 Poolin Zcash ZEC 0.211 77.0 US, China 22 BTC.Top Litecoin LTC 0.207 75.6 China 23 MiningPoolHub Ethereum ETH 0.200 73.0 S. Korea 24 AntPool Litecoin LTC 0.185 67.5 HK 25 LitecoinPool Litecoin LTC 0.180 65.7 US, EU 26 Bixin Bitcoin BTC 0.179 65.3 China 27 BTC.com Bitcoin Cash BCH 0.176 64.2 China, EU, US 28 WAYI.CN BItcoin BTC 0.164 59.9 China 29 ViaBTC Litecoin LTC 0.161 58.8 US, EU 30 BTC.Top Bitcoin Cash BCH 0.159 58.0 US
  15. 15. @OrionX_net Top 31-40 List Rank Pool Coin Daily M$ Annualized M$ Host Country 31 DPOOL BItcoin BTC 0.150 54.8 China 32 Pool BTC Litecoin LTC 0.128 46.7 China, US, EU 33 AntPool Zcash ZEC 0.120 43.8 Hong Kong 34 F2Pool Zcash ZEC 0.103 37.6 China 35 SupportXmr Monero XMR 0.086 31.4 US 36 Huobi.pool Ethereum ETH 0.082 29.9 China 37 Easytomine Litecoin LTC 0.080 29.2 China 38 NanoPool Monero XMR 0.076 27.7 US, EU, Asia 39 F2Pool Bitcoin SV BSV 0.072 26.3 China 40 AntPool Dash DASH 0.068 24.8 Hong Kong
  16. 16. @OrionX_net Top 41-50 List Rank Pool Coin Daily M$ Annualized M$ Host Country 41 ViaBTC Bitcoin Cash BCH 0.067 24.5 US 42 FlyPool Zcash ZEC 0.064 23.4 US, EU, Asia 43 Satoshi Bitcoin Cash BCH 0.061 22.3 US 44 DwarfPool Ethereum ETH 0.061 22.3 US, EU, Russia 45 bitcoin.com Bitcoin Cash BCH 0.060 21.9 US 46 AntPool Bitcoin Cash BCH 0.060 21.9 Hong Kong 47 SlushPool Zcash ZEC 0.060 21.9 US 48 ZhizhuPool Ethereum ETH 0.059 21.5 China 49 0xaa5c42 Ethereum ETH 0.057 20.8 n/a 50 Tigerpoolnet BItcoin BTC 0.055 20.1 China Total, all 50 22.121 8,074
  17. 17. The image part with relationship ID rId2 was not found in the file. @OrionX_net Thank you! orionx.net/blog Stephen Perrenod
  18. 18. @OrionX_net Mining Economics and Environmental Impact ª Bitcoin is environmentally friendly as compared to, say, precious metals mining ª Summary of latest Coinshares Bitcoin Mining Report here: ª https://medium.com/coinshares/surprise-majority-of-btc-energy-sourced- from-hydro-wind-solar-49f73839aec6 ª 74% of crypto mining is powered by renewable electricity sources or 4 times the world average ª Bitcoin break even currently around $5700 with 5 cent / KWh electricity and other costs – Average profits of $5.4 million per day for Bitcoin when $8700, nearly $2 billion per year ª Focus on cheap hydropower regions: Southwest China, Eastern Canada, Pacific Northwest, Caucasus region, Scandinavia
  19. 19. @OrionX_net References ª Overall: coinmarketcap.com, coinwarz.com, cryptoslate.com ª BTC: btc.com ª ETH: btc.com, etherscan.io ª BCH: btc.com, cash.coin.dance ª LTC, ZEC, XMR, DASH: miningpoolstats.stream ª Cryptocurrency topics: orionx.net/blog

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