AntPool is now the largest Bitcoin mining pool, raising $20 million in 3 days | spcilvly

Bitcoin (BTC) mining business is a live winner-take-all race where mining companies and pools compete against each other to discover the next valid block that guarantees the right to collect the mining reward of 6.25 BTC plus the transaction. fee. Recent changes in the hashrate spectrum towards AntPool could further impact the decentralization of the Bitcoin network.

In particular, the Digital Currency Group (DCG) subsidiary and American mining group, Foundry USA, has led this race in the last three years. Foundry dominated block discovery by 17.78%, for a total of 28,331 Bitcoin blocks mined since October 2020. This data is from mempool.spacecollected by Finbold on October 6, 2023.

Foundry USA 1st, AntPool 2nd: Bitcoin Mining Pool Rankings, 3 years.
Bitcoin Pools Ranking, 3 years. Fountain:

However, AntPool has suddenly increased its hashrate power in recent days, surpassing Foundry USA in block discovery to become the new leading pool in the Bitcoin mining race. AntPool has maintained its second place, closely following the leader throughout this time, mining 26,436 blocks (16.59%) in three years.

Interestingly, the new dominant group is owned by leading ASIC manufacturer BitMain, both located in China. ASICs are special machines used to efficiently mine Bitcoin, and the more efficient network-connected ASICs a miner has, the better their chances of finding a valid block and collecting the reward.

Bitcoin mining pool: AntPool mined close to 1 in 3 blocks on the day

At the time of publication, the BitMain-owned mining pool has discovered 46 blocks (30.07%) in the last 24 hours. Excluding transaction fees paid, this amount has earned AntPool a total of 287.5 BTC as part of its mining rewards, which is worth close to $8 million, with BTC trading at around $27,700.

AntPool 30% block discovery.  Bitcoin mining pool ranking, 24 hours.  Source:
Bitcoin pool ranking, 24 hours. Fountain:

Furthermore, these latest results have also impacted the state of the Bitcoin mining pool industry over the past three days, as AntPool slightly outperformed Foundry USA by a difference of two blocks. The Chinese mining pool has mined a total of 121 blocks (27.75%), while Foundry was responsible for 119 blocks (27.29%), according to the 3-day pool ranking.

Bitcoin mining pool ranking, 3 days.  Source:
Bitcoin pool rankings, 3 days. Fountain:

AntPool was therefore able to raise over $20 million in block subsidies, largely rewarding Bitcoin miners who contributed to its generated proof-of-work (PoW), to the detriment of its competitors who allocate hashrate to other pools.

Like Foundry USA, AntPool requires proper identification (KYC) from all Bitcoin miners who connect their machines to this mining cooperative. In this context, more registered mining companies could now choose to migrate their hash power to the BitMain pool, seeking a higher probability of block discovery.

13 thoughts on “AntPool is now the largest Bitcoin mining pool, raising $20 million in 3 days | spcilvly

  1. My spouse and I stumbled ofer here from a different page and tthought I might check things out.
    I like what I see so now i am following you.
    Loook forward tto looking over your web page yet

  2. Magnificеnt beat ! I wishh to aⲣprentice ԝhile you amend your
    site, how coupd i subscribe for a blog web site? The account heⅼped me a acceptable deal.
    I hadd beеwn tiny bit acquainted of thiss yoսr broadⅽast provided bright clear c᧐ncept

  3. hey there and thank you for your info – I have
    certainly picked up something new from right here. I did however expertise several
    technical issues using this website, since I experienced to reload the website many times
    previous to I could get it to load properly. I had been wondering if
    your web hosting is OK? Not that I am complaining, but
    slow loading instances times will often affect your placement in google and can damage your
    high quality score if ads and marketing with Adwords.
    Well I’m adding this RSS to my e-mail and could look out for much more of
    your respective intriguing content. Ensure that you update this again soon.

  4. The article from “AntPool is now the largest Bitcoin mining pool, raising $20 million in 3 days | spcilvly” is definitely going to be incredibly
    useful for most people considering the subject matter.

    It isn’t always easy to discover the expert tips of a well-respected professional.

  5. Today, while I was at work, my sister stole my iphone and tested to see if it can survive a
    forty foot drop, just so she can be a youtube sensation. My iPad is now destroyed and she has
    83 views. I know this is entirely off topic but I had to share it with

  6. Hi i am kavin, its my first time to commenting anyplace, when i read this piece of writing i
    thought i could also create comment due to this sensible article.

    Here is my web page – pg

  7. When I originally left a comment I appear to have clicked on the -Notify me when new comments are added- checkbox and from now on each time a comment is added I get 4 emails with the same comment.
    Perhaps there is a means you can remove me from that
    service? Many thanks!

Leave a Reply

Your email address will not be published. Required fields are marked *