An in-depth analysis of mining pools revenue

The success of Bitcoin has attracted much attention from both industry and academia. The Bitcoin network mainly comprises mining pools responsible for network security and performance. Although many measurements are available for the Bitcoin network, more information is needed to understand the behavior of mining pools, such as their revenue and transaction collection strategies. This paper explores some of the mining history of Bitcoin and compares its performance. We used more than 859,000 blocks mined from January 2009 to September 2024, which serve as the foundation of the coin. We have extracted structured and explanatory information about the pools' work over the years by analyzing the blockchain data. It is worth noting that the number of blocks mined by some mining pools does not always guarantee significant gains. Miners' overall earnings have been significantly affected by the fluctuation in Bitcoin's value over the years.