According to a report from MinerMag, Antpool, a subsidiary of Bitmain, has overtaken Foundry USA to become the largest Bitcoin mining pool. This achievement comes as Antpool mined more blocks in a month than Foundry USA for the first time since January 2022.
Colin Wu, a well-known journalist, noted that Foundry USA's parent company, Digital Currency Group (#DCG), had faced financial difficulties, while Bitmain's new facilities have been in high demand this year.
#Bitcoin network data reveals that in November 2023, Antpool mined 1219 blocks, surpassing Foundry USA's 1216 blocks. The company received a total reward of 8672 BTC for its miner clients, excluding 83.6 BTC allocated for refunds.
Foundry USA had held the top position among mining pools since the beginning of 2022, thanks to the increasing volume of BTC mining operations in North America, a result of China's regulatory measures in 2021.
Antpool has consistently ranked second on the list of mining pools. However, its hashrate began to approach that of Foundry USA around June of this year. This coincided with #Bitmain shipping over 4,800 tons of mining equipment to North America.
Antpool, launched by Bitmain in 2013, is one of the oldest and most well-known mining pools. It offers a wide range of services, including mining multiple cryptocurrencies such as BTC, #BCH, #LTC, and #ETH.
The news of Antpool surpassing Foundry USA highlights the dynamism and competition in the Bitcoin mining industry. #Mining pools are vying to attract more miners and increase their share of block rewards.
It is expected that the competition between #Antpool and #Foundry USA will continue as both companies strive to maintain their positions in the Bitcoin mining market. This competition may lead to further development and improvement of the services offered by these pools.
