New Study Reveals Dominance of Foundry and Antpool in Bitcoin Mining
According to recent figures, three bitcoin mining pools have accounted for more than 69% of the 436 blocks discovered in the past 72 hours. Foundry USA and Antpool, two prominent players in the industry, have established a dominant position, commanding a formidable 55.5% of Bitcoin’s total computational power.
Foundry USA has emerged as the leading force in bitcoin mining over the past 12 months, making a remarkable discovery of 15,651 blocks out of a total of 53,528. This achievement solidifies Foundry’s position as a major player in the industry.
Following the halving event, the concentration of bitcoin mining pools remains strong, with the total hashrate dropping below the 600 exahash per second (EH/s) threshold. Data compiled by btc.com reveals that Foundry’s mining pool, with a hashpower of 168.05 EH/s, secures a significant 28.9% of the overall mining power.
Similarly, Antpool has emerged as a significant player, registering 159.92 EH/s over the past three days, which translates to a sizable 27.1% share of the total hashrate. In third place, Viabtc claims 13.3% of the total mining power, equivalent to 79.96 EH/s of computational power.
During the three-day period, a total of 436 Bitcoin blocks were discovered, with Foundry leading the way by finding 124 blocks. Antpool closely followed with 118 blocks, while Viabtc trailed behind with 59 blocks. Together, these three mining pool giants wield an impressive 69% of the total hashrate over the 72-hour timeframe.
The concentration of bitcoin mining pools remains consistent over the past 90 days, with Foundry contributing a significant 28.59% of the overall hashrate, resulting in the discovery of 3,742 blocks out of a total of 13,090 blocks. Antpool closely follows with 23.98% of the hashrate and 3,139 blocks discovered, while Viabtc lags behind with a 13.09% share, resulting in the capture of 1,714 blocks over the past quarter.
When examining the past 12 months, Foundry continues to dominate, capturing 29.24% of the year’s total hashrate. Antpool trails with a respectable 24.57% share, while F2pool secures the bronze medal with 12.42% of the hashrate.
Viabtc recorded 11.19% of the aggregate computational power during this period. In terms of block discoveries, a total of 53,528 blocks were mined in the 365-day stretch. Foundry once again leads, discovering 15,651 blocks, while Antpool and F2pool discovered 13,154 and 6,648 blocks, respectively.
What are your thoughts on the concentration of bitcoin mining pools in June 2024? Share your opinions in the comments section below.
