Last year, Bitcoin’s total network hashrate was around 160 exahashes per second (EH/s) and 15 known mining pools dedicated the hashrate to Bitcoin on November 6, 2021. At the time, the Foundry USA mining pool is the fifth largest mining pool with 18.44 EH/s dedicated to the Bitcoin chain. Over the past 12 months, Foundry has managed to increase the pool’s hashrate by more than 350%, climbing to 84.34 EH/s on November 6, 2022.
After 12 months, Foundry USA’s Hashrate has risen to the top of Bitcoin mining pool
Foundry USA bitcoin mining pool has been a force to be reckoned with over the course of the past 12 months. Foundry USA Mining is owned and operated by Foundry, a mining, staking and consulting company 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 announced the mining branch on August 27, 2020.
Statistics from the web portal btc.com show that The earliest recorded sighting of the Foundry, at least according to the archive.org snapshot, is on February 14, 2021. However, report published by Cointelegraph on January 26, 2021, indicates that Foundry has taken a place in the top ten mining pool rankings. Report shows Foundry spent 2.74 EH/s on BTC chain and controlled 1.85% of the total 147 EH/s.
The snapshot, stored on February 14, 2021, shows Foundry’s hash rate equivalent to 1.13% of the global total or 1.78 EH/s. On that day, Foundry held the 15th largest position worldwide for a period of three days out of 19 known mining pools. Of the 444 blocks mined in a three-day period, Foundry discovered 5 blocks. 12 months agoFoundry holds the fifth largest position in terms of total hashrate with around 11.51% of the network and 18.44 EH/s as of November 6, 2021.
Over a three-day period, Foundry’s team discovered 51 BTC block rewards out of 443 found. The team has seen significant growth over the past 12 months as Foundry’s hash rate has increased by 357.37% since then compared to Statistics are recorded today. Records show that on November 6, 2022, Foundry’s hashrate was around 84.34 EH/s after discovering 130 blocks out of 415 mined over a three-day period. Statistics for three days indicate that Foundry’s hash rate in total is around 31.33%.
Full year data recorded on October 15, 2021, also shows 52.258 BTC blocks have been mined over a 12-month period. F2pool was the top mining pool at the time, according to archive.org snapshots, when it discovered 8,187 out of 52,258 bitcoin blocks found. On the other hand, Foundry managed to discover 1,978 blocks out of 52K, which is about 3.79% of all hashes recorded on October 15, 2021. Full year data on November 6, 2022 indicates that 53,495 blocks have been mined in 12 months.
Foundry USA has managed to capture 11,109 blocks as of November 6, 2022, or 20.77% of the total hashrate over a 12-month period. Other top mining pools over the past 12 months include Antpool, F2pool, Binance Pool, and Viabtc, respectively. Although Foundry’s block percentage has been huge this year, out of all time statistics the number of blocks found by the pool is equivalent to 1.77% or 13,462 blocks found out of a total of 762,026 BTC blocks mined before November 6, 2022, at 4:30 p.m. ET.
The all-time stats show that unknown miners, also known as stealth miners, found the most blocks with 226,055 blocks found. Of the 98 known mining pools that have mined on the blockchain since known mining pools were recorded, F2pool dominates with the most mining pools. BTC block found. F2pool managed to hit 74,545 BTC blocks out of 762K found as of today. Following F2pool are Antpool, Btc.com, Braiins Pool (officially known as Slush pool) and the now defunct Btc Guild.
What do you think about Foundry climbing to the top of bitcoin mining pools with the most hash rate this year? Let us know your thoughts on this topic in the comments section below.
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