Today news
About the same in other media
Foundry USA becomes second-largest Bitcoin mining pool amid China ban
Reading now: 394
New York-based crypto-mining service provider Foundry USA takes the lead to become the world’s second-largest Bitcoin (BTC) mining pool after taking up a 15.42% share of the network.
Data from BTC.com shows that Digital Currency Group-owned Foundry USA stands behind the pool leader AntPool by a hash rate of just 4,000 PH/s, which contributed to a 17.76% network share at the time of writing.
The rise in the participation of American entities can be attributed to China’s recent blanket ban on crypto trading and mining activities. The ban forced a large-scale migration of local Bitcoin miners, who now reside in crypto-friendly jurisdictions including the United States, Russia, and Kazakhstan.
According to https://t.co/1YRYr4QCmY, DCG's mining
Read more on cointelegraph.comAbout this in other media
Bitcoin mining is lucrative, but ‘dangerous to be confined to one country’ ambcrypto.com /2 years ago
Report explores discrepancies in different Bitcoin mining companies’ performances ambcrypto.com /2 years ago
$3.3B Bitcoin mining company Griid to list on NYSE via SPAC deal cointelegraph.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
