{"id":14331,"date":"2022-11-07T14:58:20","date_gmt":"2022-11-07T14:58:20","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoins-top-mining-pool-foundry-usas-hashrate-climbed-350-in-12-months-mining-bitcoin-news\/"},"modified":"2022-11-07T14:58:20","modified_gmt":"2022-11-07T14:58:20","slug":"bitcoins-top-mining-pool-foundry-usas-hashrate-climbed-350-in-12-months-mining-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoins-top-mining-pool-foundry-usas-hashrate-climbed-350-in-12-months-mining-bitcoin-news\/","title":{"rendered":"Bitcoin’s Top Mining Pool Foundry USA’s Hashrate Climbed 350% in 12 Months \u2013 Mining Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Last year, Bitcoin\u2019s 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\u2019s hashrate by more than 350% climbing to 84.34 EH\/s on Nov. 6, 2022.<\/strong><\/p>\n

After 12 Months, Foundry USA\u2019s Hashrate Muscles Its Way Into the Top Bitcoin Mining Pool Position<\/h2>\n

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>, 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<\/a> announcing the mining arm on Aug. 27, 2020.<\/p>\n

Statistics from the web portal btc.com show the earliest recorded sighting<\/a> of Foundry, at least according to saved archive.org snapshots, was on Feb. 14, 2021. However, a report<\/a> 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<\/a> chain and controlled 1.85% of the 147 EH\/s total.<\/p>\n

\"Bitcoin's
Bitcoin hashrate on Feb. 14, 2021, three-day stats. Total hashrate was 158.46 EH\/s.<\/figcaption><\/figure>\n

The archived snapshot on Feb. 14, 2021, shows Foundry\u2019s 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<\/a>, 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.<\/p>\n

\"Bitcoin's
Bitcoin hashrate on Oct. 15, 2021, one-year stats. Total hashrate was 146.94 EH\/s<\/span>.<\/figcaption><\/figure>\n

During a three-day span, Foundry\u2019s pool discovered 51 BTC<\/a> block rewards out of 443 rewards found. The pool has seen enormous growth during the last 12 months as Foundry\u2019s hashrate has increased by 357.37% since then compared to stats recorded<\/a> today. Records show on Nov. 6, 2022, Foundry\u2019s 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\u2019s percentage of hashrate out of the aggregate is roughly 31.33%.<\/p>\n

\"Bitcoin's
Bitcoin hashrate on Nov. 6, 2022, all-time stats. Total hashrate was 266.83 EH\/s.<\/figcaption><\/figure>\n

Year-long data<\/a> recorded on Oct. 15, 2021, also shows 52,258 BTC<\/a> 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<\/a> on Nov. 6, 2022 indicates that 53,495 blocks were mined in 12 months.<\/p>\n

\"Bitcoin's
Bitcoin hashrate on Nov. 6, 2022, three-day stats. Total hashrate was 266.83 EH\/s.<\/figcaption><\/figure>\n

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\u2019s block percentage has been huge this year, out of all-time statistics<\/a> the pool\u2019s number of blocks found equates to 1.77% or 13,462 blocks found out of the total 762,026 BTC<\/a> blocks mined by Nov. 6, 2022, at 4:30 p.m. (ET).<\/p>\n

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<\/a> blocks found. F2pool has managed to snag 74,545 BTC<\/a> 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.<\/p>\n

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\nTags in this story
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Antpool<\/a>, Binance Pool<\/a>, Bitcoin<\/a>, Bitcoin (BTC)<\/a>, block rewards<\/a>, Blocks<\/a>, Braiins Pool<\/a>, BTC blocks<\/a>, BTC Guild<\/a>, BTC Mining pool<\/a>, BTC.com<\/a>, btc.com stats<\/a>, F2Pool<\/a>, Foundry<\/a>, Foundry USA<\/a>, Hash percentage<\/a>, Hashpower<\/a>, Hashrate<\/a>, Hashrate Stats<\/a>, Mining stats<\/a>, Slush<\/a>, Unknown Hash<\/a>, ViaBTC<\/a><\/div>\n<\/div>\n

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.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie 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.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: 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<\/a> 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.<\/p>\n<\/div>\n

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