I was asked about the previous mining stats published around the distritbution / decentralization of DigiByte mining, so figured now was worth doing an update on the last one again given it’s been 4 months and almost a year now since Odocrypt went live on the DigiByte blockchain (1yr as of next week).
What follows is a comparison of the last 16 hours of mining on Bitcoin (100 blocks) vs 16 hours on DigiByte (4000 blocks).
This was checked at 10:30AM on Thursday the 16th July (NZST).
We’ll start with BTC:
24 unique miners over the course of 16 hours, and improvement from Aprils 21 unique miners.
We’ll add in Litecoin for good measure:
Chalking up just 12 unique miners, a drop from 13 in April.
Then we’ll follow up with DigiByte, from blocks 11188106 to 11192105:
Coming to a grand total of 142 unique miners. That’s over 10X more than LTC and almost 6X more than Bitcoin, but a drop from the 170 in April.
Note: Unfortunately I don’t recall exactly how I did it in Excel last time and so every time the graphs end up looking slightly different
And here’s a bit of a side-by-side comparison:
So although one miner is currently sitting on ~19% across multiple algorithms compared with their 13% in April, the majority of the mining spread has become even further distributed on DigiByte in terms of players being on an equal footing.
Where previously the largest 7 pools would have been needed to make up 51%+ of the mining distribution, that currently stands at 8, a modest improvement. Litecoin still sits with just 3 pools making up over 51%, Bitcoin has improved with 5 making up 51%, up from 4 in April.
Unfortunately in these stats for DigiByte though, we’ve seen it drop from 170 down to 142 unique miners. However, given what we know about the number of smaller miners contributing to DigiByte, a not-so-insignificant amount of “luck” plays in to it, and as-such a longer period (Say 48 hours) would likely yeild far different results. Though, the same may very well be true for the other two projects compared also.
I’ll be doing some more follow-ups soon talking about the hashrate in-general as well so stay tuned, follow me on Twitter: https://twitter.com/dgb_chilling and also on YouTube: https://www.youtube.com/c/JosiahSpackmanDigiByte