Bitcoin Mining
Titan Pool Update: Last Week’s Mining Performance
An overview of Titan Pool’s key data and metrics
--
Blocks found and median round effort
Last week was one of the best ever for the Titan Pool. We were able to record three blocks on the Bitcoin Blockchain.
- Block #760216 (10/25), with a total block reward of 6.35922769 BTC, of which 0.10922769 BTC were transaction fees.
- Block #760276 (10/25), with a total block reward of 6.54494591 BTC, of which 0.29494591 were transaction fees.
- Block #760574 (10/27), with a total block reward of 6.40075663 BTC, of which 0.15075663 were transaction fees.
The current round effort is currently 78.03%, with our last block mined 3 days ago. Moreover, the median pool effort has now dropped to 114%.
Round effort is calculated as the sum of submitted difficulty since the last pool mined block divided by the current network difficulty.. This metric provides insights on how much work a pool should submit to find a block. A round effort under 100% means it took less work than statiscally needed to find a block and vice versa.
Average pool hashrate
Our pool averaged 479.75 PH/s last week, and is currently sitting at 187.71 PH/s. This places the Titan Pool in the 19th place in the top mining pools by hashrate according to MiningPoolStats.
Bitcoin mined
Last week, Titan Pool mined a total of 19.30493023 BTC ($393,819.96).
After the last 3 blocks, Titan Pool has mined a total of 133.06324635 BTC ($2,714,490.22).
Pool reserve status
Titan is committed to upholding Bitcoin’s core values, among which is transparency. As a result, our miners can access real-time data about our mining pool’s reserves. This is a short summary written from the source data available on https://pool.titan.io/.
The Titan Pool balance is currently sitting at 18.004779 BTC, with a custodied amount of 1.705251 BTC that will be distributed to miners during the next payout on 10/31/2022, 11:00 PM UTC.
This means the pool is currently operating under the FPPS settlement method.
TL;DR: Titan Pool Weekly Performance
- Blocks found last week: 3
- Latest block found: #760574 (10/27)
- Titan Pool’s average weekly hashrate: 479.75 PH/s
- Titan Pool’s current hashrate: 187.71 PH/s
- Rewards distributed last week: 6.32951647 BTC ($129,763.69)
- Total rewards distributed: 107.88946047 BTC ($2,211,880.67)
- Pool reserve balance: 18.004779 BTC
