September 7th 2014 Weekly Bitcoin Network Statistics

Other weekly pool and network statistics posts


Welcome, miners.

Changelog:

• Hashmine.io added.
• Bitfury addresses updated. 

Errors:

• Apparently Discus Fish update their data once per week, in the mid week. Until they update more regularly, their data in the second table , and for figure 4, 5 and 7 will only be based on that subset.
• 
  

Notifications:

• Nil.

0. New player == old player.
It seems that the address I was uncertain about last week belongs to Bitfury. This bring their proportion of the network up to 12%. This might seem high for a private enterprise, however previously KNC Miner had a maximum network percentage of 13.5% and ASICMiner 21.4%.

1. Discus Fish and GHash.io battle royale.
GHash.io and Discus Fish now have similar proportions of the network, which is the sort of stability I like. If three pools could be in the top position, I'd be happier still.

Explanation of the tables and charts

Table 1: Solved block statistics. This table lists all statistics that can be derived from the number of blocks a hashrate contributor has solved for the past week. Block attributions are either from primary sources such as those claimed by a particular pool website, or secondary sources such as coinbase signatures, or known generation addresses . When dependent on secondary sources only, data may be inaccurate and miss some blocks if a particular block-solver has gone to some trouble to hide solved blocks. This will result in an underestimate of the block-solver hashrate.

Note that actual pool hashrates when derived from shares submitted per unit time will be more accurate than the hashrate estimates given in this table.

"Unknown" is not an entity but the group of blocks to which I cannot give attribution using the methods given above. "BitAffNet" is Bitcoin Affiliate Network.

Table 2: Pool reported block history statistics. This table lists all statistics that can be derived from the number of blocks a hashrate contributor has solved for the past week using all solved blocks - both valid and orphaned - and difficulty 1 shares per round. 

• A much more accurate estimate of the hashrate, confidence intervals are unnecessary.
• Orphan races lost, and percentage of  solved blocks that were not added to the blockchain.
• "Luck" is the usual difficulty 1 equivalent shares per round / mining difficulty,  or (equivalently) accepted shares / expected shares.
• CDF: The cumulative density function (CDF) measures the percentage of the time this number accepted shares / expected shares would be less than the calculated value, given the number of valid + invalid blocks.
• Bitcoin per Gigashare. This figure is not an indicator of how much a miner should have expected per one billion Difficulty 1 shares (or one thousand difficulty megashares, etc), since it doesn't take into account the reward method or fees charged. Rather, it should be considered as a "luck" index that also incorporates the number of orphaned blocks and the current reward per block.

Since BTC Guild doesn't report shares per block but does report transaction hashes for all blocks, luck cannot be calculated but orphaned blocks can be enumerated. Pools that don't have a public pool interface cannot be included.

 Table 3: Reused but unknown generation addresses

Unknown generation addresses that are not reused are probably solominers or private mining concerns that don't have share-holders wanting to follow transactions. However, reused addresses are probably from hash contributors that do not wish to remain anonymous. These need to be identified so they can be removed from the "Unknown" group. I'm not interested in identifying those who wish to remain completely anonymous, so I'm not trying to trace originating IP addresses (as Blockchain.info does).

The table below includes unknown addresses that have been reused ever.

Table 3: Blocks solved by unknown but re-used generation addresses Aug 31 2014 to Sep 06 2014

Unknown recurring generation address	Blocks solved this week	Percentage of network	Percentage of unknown	Estimate of hashrate	Blocks solved ever
1GcF7j3YH8Qs8hvNEe7zbrQZftMU6sRLfu	27	2.41 %	27.27 %	5106 Thps	92
19vvtxUpbidB8MT5CsSYYTBEjMRnowSZj4	17	1.52 %	17.17 %	3184 Thps	187
1MM58qvZdoSLK8cCd43cGTTSw9zSofZAn4	12	1.07 %	12.12 %	2337 Thps	12
12NWBM6yJJ1Rtgk9v9vZGQ8iqaZjqT4Rf8	10	0.89 %	10.10 %	1948 Thps	10
13ff9LwRSFN5jUgTRQiMZN5FH4zQeqNLL2	10	0.89 %	10.10 %	1948 Thps	10
1GCjyhNsDDJBzFD4rZDQiBrpwwmAwMhAUr	6	0.53 %	6.06 %	1118 Thps	6
1Nxh8n4F2fEzj7MgDFMAmEZ6z4WTetXDuJ	6	0.53 %	6.06 %	1169 Thps	6
1JCjmPbU2XS5HmqdNyeDD4RCv8JMtQjaAy	4	0.36 %	4.04 %	779 Thps	6
1HM5jBFPEyaZT5C226nV1NewfiBv97un6m	3	0.27 %	3.03 %	584 Thps	3
1KBnd5634jwmiyR6hBY9965g3NF7u6uCT9	2	0.18 %	2.02 %	390 Thps	6
1KvBSLPVJbw6BnwPrVz8LKH46uixYi7tDs	1	0.09 %	1.01 %	169 Thps	11
1qtKetXKgqa7j1KrB19HbvfRiNUncmakk	1	0.09 %	1.01 %	195 Thps	6

Figure 1: Pie chart of the percentage of network blocks by pool A visual representation of the "Percentage of network" data aggregated in table 1.

Figure 2:  51% attack chart Historical hashrates of the bitcoin network, the largest mining pool, the three largest mining pools combined, and a line representing 50% of the network hashrate. Handy if you're worried about 51% attacks. Hashrates are all estimated from blocks solved, and the history goes back to the earliest date the data contains three known pools. Some pool data may be missing from the earliest data points. The upper and lower 95% confidence interval bounds for the network hashrate are in between the shaded areas. 

Figure 3: Percentage of blocks solved each week for the current top ten contributors
Data is calculated from the number of blocks each contributor added to the blockchain during the week. The points are the actual data; the lines are exponentiated smoothing splines of the log of the data.

Figure 4: Average hashrate per solved block (valid + invalid)
Hashrates are calculated from the pool reported difficulty 1 equivalent shares per round and the pool reported block solve times for all solved blocks, both valid and invalid. Note that BTC Guild is not included since the difficulty 1 equivalent shares per round data is not reported; instead use BTC Guild's hashrate chart which has matched my past estimates quite well and which I regard as accurate.

Figure 5: Pool "luck" (valid + invalid solved blocks)
The orange dots are the usual accepted shares / expected shares (equivalently, shares per round / network Difficulty). The background colours are accepted shares / expected shares confidence intervals for the number of blocks solved for the week. The greater the number of blocks solved (the higher the percentage of the network) the narrower the bounds.
The "luck" data points should be outside the upper or lower boundaries only rarely. Many data points outside this range indicate unusual and unlikely "luck".

Data only goes back for the last twelve months at most - any more data points than this becomes hard to read, and recent data is most important.

Note that all solved blocks are used, otherwise the data would no longer be Erlang distributed and a CDF could not be calculated.

Figure 6: Pool user hashrate and combined user hashrate densities
The top facet of this chart shows the proportion of user accounts with a given hashrate - the thicker the "violin" the greater the density of user accounts with a particular hashrate.

The bottom facet is the same data, weighted by hashrate. In effect, it shows what proportion of the pool's hashrate is supplied by particular hashrates. The area of the "violins" is proportional to their total hashrate.

Note that for some pools the hashrate is averaged over twenty four hours, some pools are averaged over an hour or more and some for only fifteen minutes, so expect some variance in the results.

Figure 7: Density of orphaned blocks
This chart shows the density of orphaned blocks per pool, as a function of blocks solved by that pool. The fringe indicates the actual occurrences of the orphaned blocks, and the colour of the line and fringe indicate the approximate date.

Some orphan data may be missing from Polmine. The rest seem to be correct.

Organofcorti lives!

organofcorti.blogspot.com is a reader supported blog:

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Thank you to blockchain.info and coinometrics.com for use of their transaction and address data, and coincadence.com for their p2pool miner data.

Find a typo or spelling error? Email me with the details at organofcorti@organofcorti.org and if you're the first to email me I'll pay you 0.01 btc per ten errors.

Please refer to the most recent blog post for current rates or rule changes.

I'm terrible at proofreading, so some of these posts may be worth quite a bit to the keen reader.
Exceptions:

• Errors in text repeated across multiple posts: I will only pay for the most recent errors rather every single occurrence.
• Errors in chart texts: Since I can't fix the chart texts (since I don't keep the data that generated them) I can't pay for them. Still, they would be nice to know about!

I write in British English.

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