Foundry USA Climbs to Second Largest Bitcoin Mining Pool Amid China Ban

The landscape of Bitcoin mining has drastically shifted, and Foundry USA is at the forefront. Thanks to the China ban on cryptocurrency mining, significant opportunities have emerged, allowing pools outside of China to gain dominance. Now, 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.

According to Data from BTC.com, Digital Currency Group-owned Foundry USA becomes the world’s second-largest Bitcoin (BTC) mining pool after taking up a 15.42% share of the network. This remarkable growth reflects the increasing decentralization of Bitcoin mining power.

Foundry USA: A Rising Force in Bitcoin Mining

New York-based Foundry USA contributed to a 15.42% share of the network hash rate and is just 4,000 PH/s behind AntPool. This places them in a strong position to potentially challenge for the top spot. The rise of Foundry USA signifies a major shift in the distribution of Bitcoin mining power globally.

El proveedor de servicios de minería de criptomonedas Foundry USA, con sede en Nueva York, toma la delantera para convertirse en el segundo pool de minería... (Translation: The New York-based cryptocurrency mining service provider Foundry USA takes the lead to become the second mining pool...) This international recognition further solidifies Foundry USA\'s position as a major player.

The implications of Foundry USA\'s ascent are significant for the Bitcoin network. Increased decentralization enhances network security and resilience. As more mining power resides outside of China, the Bitcoin ecosystem becomes less susceptible to geographically concentrated risks.

Keep up-to-date with the latest developments in Bitcoin mining and Foundry USA\'s journey to the top!