Miner ZODL Leaderboard
Every block mints new ZEC for whoever mined it. We follow the first move those rewards make: still held, swept into the shielded pool, or sent straight to an exchange or bridge. These are observed first moves, not proof of a sale or of the miner's intent.
How we read it
We attribute each coinbase reward to a pool by its payout address, then trace where those coins go when spent. Held = never spent. Shielded = swept into the shielded pool — a privacy move, not a sale, and likely still the miner's. Exchange / bridge = sent to a labeled off-ramp, the clearest “sold” signal. Other transparent = moved to an unlabeled address (rotation, cold storage, payouts) or not yet classified. We track the first hop only: a pool that shields and later deshields to sell shows up here as “shielded” — where that money goes next is tracked on the turnstile page. It's a directional read from public coinbase spends and our address labels, not an exact treasury.