The anonymous miner has 11 unspent outputs (UTXO) at his address. To date, it stores the equivalent of almost USD 3 million in BTC. Most Bitcoin mining pools are identified and traceable. Pools with this feature concentrate almost 96% of the hash rate, which is why it is surprising that an anonymous miner is processing blocks with such efficiency: with no known whereabouts, he has processed 11 blocks since April. Accumulate 46.62 BTC without spending. According to MiningPoolStats, only 1.4% of blocks are processed by anonymous miners. This means that bitcoin blocks are, almost entirely, processed by identified pools, the most important of which are Foundry Digital, AntPool, ViaBTC and F2Pool. These four alone process 80% of bitcoin blocks.
The anonymous miner has a balance of 46 BTC. Source Mempool.space The anonymous miner who sees his participation in bitcoin mining growing has the following address: 1P79Qfz4HvzyfSUriCk8LcphEJY3NZExHZ. Unlike large pools like Foundry or AntPool, this unknown miner It does not have a label on the coinbase (contained in the ''entry' of a transaction nor list of associated addresses in the mempool). The prowess of this miner, which may also be an anonymous conglomerate, is exalted by the following fact: He was able to mine four blocks in just two days. Two on September 14 in the morning, and two the day before, around midnight in Latin American time, according to data from mempool.space.
The mempool allows you to know the block processing data. Source: Mempool.space Most of the block rewards obtained by this miner were just over 3 BTC. With two blocks, however, you got up to 5 BTC, and at best your reward was 8.32 BTC. The reward figures above include both rewards for successfully processing a block and transaction fees earned. As reported by BitcoinDynamic, Bitcoin mining is going through a profitability crisis. According to a JP Morgan report, bitcoin miners earned an average of $42,000 per EH/s (exahashes per second) in daily revenue in September, 6% less than in August.
Miner against the current: hold, don't sell
The progressive decrease in mining profitability has caused some of the main mining companies to diversify their business model. Like Cathedra Bitcoin, which considered that producing BTC with mining is not enough, and started buying them on the open market, like MicroStrategy. Unlike other companies that are reducing their operations by earning less than what they spend operating, the anonymous miner seems to increase theirs without considering possible management costs. At least he's not trying to offset those costs by selling the crypto asset, and he's hanging on to his entire bitcoin holdings earned as a reward (all 46.62 BTC). This is proven by the mempool.space metrics.
UTXOs denote unspent outputs, and therefore the available balance. Source: Mempool.space His thrifty behavior suggests that the unknown miner does not seem to be very concerned about the short-term self-sustainability of his initiative, nor about amortizing operating costs, like current mining companies; Their strategy seems clear: hold the BTC, probably to sell them at higher prices in the future. According to the shadows According to mempool.space, Carbon Negative is the thirteenth most important pool in the ranking. According to the same X user, the protagonist of this note has been applying combined mining, possibly of bitcoin, fractal and namecoin. As reported by BitcoinDynamic, merged mining, particularly that of Bitcoin and Fractal Bitcoin, is being a respite for miners and their decreasing profitability. According to the Proof of Work (PoW) mining ranking prepared by F2Pool, the extraction of Fractal Bitcoin (FB) surpassed that of Litecoin (LTC). VìaBTC, for example, opened combined BTC and FB mining.