AntPool Surpasses Foundry US as Leading Bitcoin Mining Pool
AntPool, a Bitcoin mining entity associated with Bitmain, has overtaken Foundry US to become one of the largest mining pools for BTC mining. In November, AntPool mined 1,219 blocks, slightly more than Foundry USA’s 1,216 blocks. AntPool’s miner clients have received a total of 8,672 BTC in rewards, after deducting refunds of 83.6 BTC.
Since January 2022, Foundry US has been the leader in the Bitcoin mining pool. However, AntPool’s hash rate has been increasing since June, narrowing the gap between the two. This coincides with Bitmain’s shipment of over 4,800 metric tons of Antminer S19XP and S19XP Hydro to its U.S. subsidiary in Georgia. Currently, AntPool controls approximately 26% of the Bitcoin mining pool distribution, while Foundry US holds a 25% market share.
The Mining Pool Chaos
In November, miner revenue reached around $1.01 billion, while the gas fee for Bitcoin transactions amounted to approximately $142 million. On November 23rd, some users paid 83 BTC as a gas fee. Additionally, AntPool announced that it would refund a $3 million transaction fee that was likely caused by a user error.
Hot Take: AntPool Emerges as a Leading Bitcoin Mining Pool
AntPool’s rise to become one of the largest mining pools for BTC mining marks a significant shift in the industry. With its increasing hash rate and substantial rewards for miners, AntPool is gaining prominence and challenging the dominance of Foundry US. This development highlights the competitive nature of the mining pool market and the ongoing evolution of Bitcoin mining. As the industry continues to evolve, it will be interesting to see how AntPool and other mining pools adapt to maintain their positions in the market.
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