• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Foundry USA and Antpool Control 56.7% of Bitcoin's Network Hashrate

user avatar

by Giorgi Kostiuk

2 years ago


  1. Concentration of Hashrate
  2. Growth of Foundry and Antpool
  3. Historical Context

  4. Over the past three days, Foundry USA and Antpool have dominated the Bitcoin (BTC) mining industry, collectively controlling 56.7% of the network’s total hashrate. This marks a significant development as two mining pools captured more than half of all blocks mined during this period.

    Concentration of Hashrate

    This concentration of power marks a significant development, as two mining pools captured more than half of all blocks mined during this period. The total Bitcoin network hashrate is currently around 651 EH/s. Over the past three days, Foundry has contributed around 215.79 EH/s and has maintained an average of 199.02 EH/s over the past week. The second-largest pool, Antpool, has recorded 153.55 EH/s over the past three days, while its seven-day average is 162.55 EH/s.

    Growth of Foundry and Antpool

    Foundry’s rapid growth is particularly notable. Its hashrate was 140.26 EH/s at the beginning of the year, making its current increase of over 75 EH/s a remarkable feat. Foundry is owned by DCG, the world’s largest digital asset firm. Archived data as of August 24, 2024, shows that both Foundry and Antpool have benefited from the recent increase in transaction fees, with blocks filled with unusually high fees increasing their profitability. While Foundry shows rapid growth, Antpool remains steady: its initial hashrate was 147.40 EH/s at the start of the year.

    Historical Context

    Historically, Antpool leads the block mining industry with 89,726 blocks mined, according to btc.com data. F2pool follows with 86,915 blocks, while Foundry, despite its recent growth, still lags behind with 41,987 blocks mined. However, given its rapid rise, Foundry is quickly climbing the rankings.

    The dominance of Foundry USA and Antpool in Bitcoin mining highlights their significant influence on the network. Continuing their growth and impact on the overall hashrate will be an important trend to watch in the future.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Kraken to Introduce CFTC-Regulated Perpetual Futures for US Traders.

chest

Kraken is set to introduce CFTC-regulated perpetual futures for eligible US professional traders through its acquisition of Bitnomial.

user avatarMiguel Rodriguez

Kraken Expands Crypto Trading with Pre-IPO Futures for AI Companies

chest

Kraken has launched new perpetual futures contracts for private AI companies OpenAI and Anthropic, allowing traders to gain synthetic exposure before they go public.

user avatarLuis Flores

Ethereum Faces Potential Third Consecutive Negative Quarter

chest

Ethereum is on track for a third consecutive negative quarter, raising concerns among traders despite strong staking signals.

user avatarArif Mukhtar

Glassnode Tracks Seller Exhaustion Constant for Market Insights

chest

Glassnode tracks the Seller Exhaustion Constant to analyze market trends and provide insights into seller behavior and market dynamics.

user avatarMaria Gutierrez

Gate Expands USDT Utility with Access to Hong Kong Stocks

chest

Gate has launched a new feature allowing users to access Hong Kong-listed stocks through USDT-powered accounts.

user avatarDavid Robinson

Uniswap's UNI Token Set for Massive Growth, Predicts Standard Chartered

chest

Standard Chartered's Geoff Kendrick predicts significant growth for Uniswap's native token, UNI, forecasting a price target of $100 by 2030 as Wall Street transitions to on-chain investments.

user avatarAndrew Smith

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.