September 25, 2021

Digital Currency Group’s crypto mining arm enters top 10 global mining pools

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Foundry, a wholly owned cryptocurrency mining subsidiary of Digital Currency Group, or DCG, has entered the top 10 largest Bitcoin (BTC) mining pools in the world.

The firm’s CEO, Barry Silbert, announced the news on Tuesday, predicting that Foundry will soon break into the top five mining pools list.

At publishing time, Foundry has a total hash rate of 2.74 exahashes per second, according to data from block explorer BTC.com. The mining pool is responsible for 1.85% of the total global hash rate.

Source: Btc.com

The news comes shortly after Silbert announced that global Bitcoin miners will be able to join the Foundry pool starting in February. The CEO also expressed optimism about the United States’ mining power, predicting that Foundry will “soon become the largest U.S.-based bitcoin mining pool.”

Officially introduced by DCG in August 2020, Foundry is still far from the world’s top mining pools like F2Pool and Binance Pool in terms of hash rate. China-based F2Pool — the largest mining pool, comprising 18% of the total hash rate — is generating a hashTitle: Digital Currency Group’s crypto mining arm enters top 10 global mining pools
Sourced From: cointelegraph.com/news/digital-currency-group-s-crypto-mining-arm-enters-top-10-global-mining-pools
Published Date: Tue, 26 Jan 2021 13:45:41 +0000