Metrics
Miner Balance
How much BTC each mining pool currently holds in its known wallets
What is Miner Balance?
Daily UTXO snapshot of 38 known mining-pool addresses (Foundry, AntPool, ViaBTC, F2Pool, etc.). Rising balance = pools holding rewards; falling balance = pools paying out miners or selling, often a near-term selling-pressure signal.
What are miner balances right now?
| BTC held by tracked pools | 3,885 BTC |
|---|---|
| Pools tracked | 27 |
| Change over 30 days | −4,656 BTC (−54.5 %) |
| Largest pool | MARA Pool — 1,719 BTC (44.2 % of the total) |
| Snapshot | 2026-08-24 |
How to read this. Miners earn newly issued BTC and must sell some of it to cover electricity and hardware. A falling aggregate balance means pools are distributing coins to the market; a rising one means they are holding. It is one of the few flows on Bitcoin with a known, non-speculative motive behind it.
How we calculate it. We keep a list of addresses attributed to known mining pools and total their unspent balance daily from our own node. Balance is the sum of outputs that have not been spent, taken from our address-balance snapshot.
Where this approximates. Coverage is limited to pool addresses we have identified. Pools rotate payout addresses, and coins that have already left for a custodian or OTC desk stop counting even though the miner may still economically own them. Sharp drops can therefore mean an address moved out of our set rather than coins being sold. Treat the trend as directional, not as a miner treasury audit. Read the aggregate alongside the largest-pool row above: holdings are concentrated enough that a single pool moving coins can swing the total by tens of percent, which is a statement about that one operator rather than about miners as a group.
Snapshot 2026-08-24 · source: our own Bitcoin node · rebuilt daily