• Home
  • Live Crypto Price
  • Contact
No Result
View All Result
  • Home
  • Live Crypto Price
  • Contact
No Result
View All Result
No Result
View All Result
Home Cryptocurrency

Bitcoin’s Top Mining Pool Foundry USA’s Hashrate Climbed 350% in 12 Months – Mining Bitcoin News

Jamie Redman by Jamie Redman
November 7, 2022
in Cryptocurrency
0 0
0
Bitcoin’s Top Mining Pool Foundry USA’s Hashrate Climbed 350% in 12 Months – Mining Bitcoin News
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Last year, Bitcoin’s total network hashrate was around 160 exahash per second (EH/s), and 15 known mining pools dedicated hashrate to Bitcoin on Nov. 6, 2021. At that time, the mining pool Foundry USA was the fifth largest mining pool with 18.44 EH/s dedicated to the Bitcoin chain. During the last 12 months, Foundry has managed to increase the pool’s hashrate by more than 350% climbing to 84.34 EH/s on Nov. 6, 2022.

After 12 Months, Foundry USA’s Hashrate Muscles Its Way Into the Top Bitcoin Mining Pool Position

The bitcoin mining pool Foundry USA has been a force to be reckoned with during the last 12 months. The mining operation Foundry USA is owned and operated by Foundry, a mining, staking, and consulting firm based in Rochester, New York. The company was created by Digital Currency Group (DCG) and it was founded in 2019, according to a press release announcing the mining arm on Aug. 27, 2020.

Statistics from the web portal btc.com show the earliest recorded sighting of Foundry, at least according to saved archive.org snapshots, was on Feb. 14, 2021. However, a report published by Cointelegraph on Jan. 26, 2021, indicates Foundry was positioned in the top ten mining pool standings. The report shows Foundry was dedicating 2.74 EH/s to the BTC chain and controlled 1.85% of the 147 EH/s total.

Bitcoin's Top Mining Pool Foundry USA's Hashrate Climbed 350% in 12 Months
Bitcoin hashrate on Feb. 14, 2021, three-day stats. Total hashrate was 158.46 EH/s.

The archived snapshot on Feb. 14, 2021, shows Foundry’s hashrate equated to 1.13% of the global aggregate or 1.78 EH/s. On that day, Foundry held the 15th largest position worldwide during a three-day span out of 19 known mining pools. Out of 444 blocks mined in a three-day span, Foundry discovered five blocks. 12 months ago, Foundry held the fifth largest position in terms of total hashrate with around 11.51% of the network and 18.44 EH/s on Nov. 6, 2021.

Bitcoin's Top Mining Pool Foundry USA's Hashrate Climbed 350% in 12 Months
Bitcoin hashrate on Oct. 15, 2021, one-year stats. Total hashrate was 146.94 EH/s.

During a three-day span, Foundry’s pool discovered 51 BTC block rewards out of 443 rewards found. The pool has seen enormous growth during the last 12 months as Foundry’s hashrate has increased by 357.37% since then compared to stats recorded today. Records show on Nov. 6, 2022, Foundry’s hashrate is around 84.34 EH/s after it discovered 130 blocks out of 415 blocks mined in a three-day span. The three-day statistics indicate that Foundry’s percentage of hashrate out of the aggregate is roughly 31.33%.

Bitcoin's Top Mining Pool Foundry USA's Hashrate Climbed 350% in 12 Months
Bitcoin hashrate on Nov. 6, 2022, all-time stats. Total hashrate was 266.83 EH/s.

Year-long data recorded on Oct. 15, 2021, also shows 52,258 BTC blocks were mined in a 12-month span. F2pool was the top mining pool at the time, according to the archive.org snapshot, as it discovered 8,187 of the 52,258 bitcoin blocks found. Foundry, on the other hand, managed to discover 1,978 blocks out of the 52K which represents around 3.79% of the total hashrate recorded on Oct. 15, 2021. Year-long data on Nov. 6, 2022 indicates that 53,495 blocks were mined in 12 months.

Bitcoin's Top Mining Pool Foundry USA's Hashrate Climbed 350% in 12 Months
Bitcoin hashrate on Nov. 6, 2022, three-day stats. Total hashrate was 266.83 EH/s.

Foundry USA managed to capture 11,109 blocks since Nov. 6, 2022, which equates to 20.77% of the aggregate hashrate during a 12-month span. Other top mining pools during the last 12 months include Antpool, F2pool, Binance Pool, and Viabtc, respectively. While Foundry’s block percentage has been huge this year, out of all-time statistics the pool’s number of blocks found equates to 1.77% or 13,462 blocks found out of the total 762,026 BTC blocks mined by Nov. 6, 2022, at 4:30 p.m. (ET).

All-time statistics show that unknown miners, otherwise known as stealth miners, have found the most blocks with 226,055 blocks found. Out of the 98 known mining pools that have been mining on the blockchain since known pools were recorded, F2pool reigns champ with the most BTC blocks found. F2pool has managed to snag 74,545 BTC blocks out of the 762K found as of today. F2pool is followed by Antpool, Btc.com, Braiins Pool (formally known as Slush pool), and the now-defunct Btc Guild.

Tags in this story
Antpool, Binance Pool, Bitcoin, Bitcoin (BTC), block rewards, Blocks, Braiins Pool, BTC blocks, BTC Guild, BTC Mining pool, BTC.com, btc.com stats, F2Pool, Foundry, Foundry USA, Hash percentage, Hashpower, Hashrate, Hashrate Stats, Mining stats, Slush, Unknown Hash, ViaBTC

What do you think about Foundry climbing to the top position in terms of bitcoin mining pools with the most hashrate this year? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It





Source link

Previous Post

Onboard People To Bitcoin Individually – Bitcoin Magazine

Next Post

Analyzing River Financial’s Lightning Node Report – Bitcoin Magazine

Jamie Redman

Jamie Redman

Next Post
Analyzing River Financial’s Lightning Node Report – Bitcoin Magazine

Analyzing River Financial’s Lightning Node Report - Bitcoin Magazine

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Pantera Capital CEO: Bitcoin (BTC) Could Hit $115k after Halving

Pantera Capital CEO: Bitcoin (BTC) Could Hit $115k after Halving

May 5, 2022
BOLT12, LNURL And Bitcoin Lightning

BOLT12, LNURL And Bitcoin Lightning

June 20, 2022
Jack Dorsey Muses on Social Media ‘Takeover,’ Ethereum Weaknesses; Plus the Latest in Crypto Mining — Bitcoin.com News Week in Review – The Weekly Bitcoin News

Jack Dorsey Muses on Social Media ‘Takeover,’ Ethereum Weaknesses; Plus the Latest in Crypto Mining — Bitcoin.com News Week in Review – The Weekly Bitcoin News

April 24, 2022
Nubank Rolls Out Bitcoin Buying In Brazil

Nubank Rolls Out Bitcoin Buying In Brazil

June 28, 2022
Bitcoin Is Our Weapon In The War Of Ideas

Bitcoin Is Our Weapon In The War Of Ideas

0
Allianz Chief Economic Advisor Predicts Bitcoin Going Higher Amid Inflation

Allianz Chief Economic Advisor Predicts Bitcoin Going Higher Amid Inflation

0
Insurance Considerations For Bitcoin Miners

Insurance Considerations For Bitcoin Miners

0
Becoming A Sovereign Individual With Bitcoin

Becoming A Sovereign Individual With Bitcoin

0
Do Kwon Successfully Formed a Company in Serbia Weeks After Interpol Issued Red Notice – Regulation Bitcoin News

Do Kwon Successfully Formed a Company in Serbia Weeks After Interpol Issued Red Notice – Regulation Bitcoin News

March 29, 2023
Binance And Its CEO CZ Sued By CFTC After Alleged Regulatory Violations

Binance And Its CEO CZ Sued By CFTC After Alleged Regulatory Violations

March 27, 2023
‘The Only Way to Truly Scale Blockchains Is to Parallelize Processing’ Says Piers Ridyard – Interview Bitcoin News

‘The Only Way to Truly Scale Blockchains Is to Parallelize Processing’ Says Piers Ridyard – Interview Bitcoin News

March 27, 2023
The Latest Banking Crisis Is Why I Save In Bitcoin

Why We Opened The Belgrade Bitcoin Hub

March 25, 2023

Recommended

Do Kwon Successfully Formed a Company in Serbia Weeks After Interpol Issued Red Notice – Regulation Bitcoin News

Do Kwon Successfully Formed a Company in Serbia Weeks After Interpol Issued Red Notice – Regulation Bitcoin News

March 29, 2023
Binance And Its CEO CZ Sued By CFTC After Alleged Regulatory Violations

Binance And Its CEO CZ Sued By CFTC After Alleged Regulatory Violations

March 27, 2023
‘The Only Way to Truly Scale Blockchains Is to Parallelize Processing’ Says Piers Ridyard – Interview Bitcoin News

‘The Only Way to Truly Scale Blockchains Is to Parallelize Processing’ Says Piers Ridyard – Interview Bitcoin News

March 27, 2023
The Latest Banking Crisis Is Why I Save In Bitcoin

Why We Opened The Belgrade Bitcoin Hub

March 25, 2023

About Us

We bring you the latest bitcoin news from all over the internet

Categories

  • Cryptocurrency
  • Latest
No Result
View All Result
  • Home
  • Live Crypto Price
  • Contact

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In