AntPool Overtakes Foundry USA as Leading Bitcoin Mining Pool
AntPool, a mining pool associated with Bitmain, has surpassed Foundry USA as the top Bitcoin mining pool. This shift in leadership is based on the number of monthly blocks mined and marks the first time since January 2022 that AntPool has taken the lead.
Aggressive Distribution of Bitmain’s Mining Equipment
This change in ranking coincides with Bitmain’s aggressive distribution of its latest mining equipment. In November, AntPool successfully mined 1,219 blocks, slightly edging out Foundry USA’s 1,216 blocks. AntPool’s mining efforts have resulted in significant rewards for its clients, accumulating a total of 8,672 BTC and an additional 83.6 BTC set aside for reimbursements.
A Challenge to Foundry USA’s Dominance
Foundry USA has held the position of leading mining pool since early 2022, benefiting from the increase in North American mining activities following China’s strict regulations on the industry. However, AntPool has been steadily closing the gap on Foundry USA’s dominance, especially since mid-2022.
Influx of Bitmain’s Mining Rigs
This rise in AntPool’s mining capacity aligns with Bitmain’s shipment of a significant number of Antminer S19XP and S19XP Hydro units to its American subsidiary in Georgia. Between June and November, over 4,800 metric tons of these mining rigs were transferred, contributing to AntPool’s increased mining output. The cumulative hashrate from these imports is estimated to exceed 37 EH/s.
Hot Take: AntPool Emerges as the New Leader
AntPool has surpassed Foundry USA to become the top Bitcoin mining pool, propelled by the aggressive distribution of Bitmain’s mining equipment. This shift in leadership highlights AntPool’s growing mining capacity and its successful mining efforts, resulting in substantial rewards for its clientele. While Foundry USA had maintained its dominance since early 2022, AntPool has gradually closed the gap and finally overtaken its position. This achievement is attributed to Bitmain’s shipment of a significant volume of mining rigs to its American subsidiary, significantly contributing to AntPool’s increased mining output. As the new leader in the Bitcoin mining pool industry, AntPool solidifies its position and sets the stage for further advancements in the crypto world.
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