On November 18, the Foundry mining pool, operated by the American company Foundry, topped the hash rate. At one point its share of the Bitcoin network’s total computing power exceeded 21%. This was announced by Foundry’s chief executive Mike Colyer.
Big day for the Foundry USA Pool. Super proud of the team @FoundryServices . #1 BTC pool in the world. We set out to be a world-class pool for the publically traded miners. So glad to support their efforts and excited to see them grow their businesses. pic.twitter.com/CfKMETNnJA
— Mike Colyer (@colyermike) November 17, 2021
Colyer shared a screenshot showing that Foundry accounts for 21.4% of the Bitcoin network’s total hash rate. In the ranking of the largest pools, the Chinese Poolin is absent, which had paused some operations amid authorities’ crackdowns, but has since resumed operations, having placed equipment abroad.
He was probably categorized as unknown. According to Poolin’s site, the hash rate of its Bitcoin pool stands at 21.17 EH/s.
According to BTC.com, at the time of writing Foundry’s share of the total hash rate had fallen to 18.79% — the pool’s computing power is estimated at 31.23 EH/s. In second place is AntPool (17.75%, 29 EH/s), and third is an unidentified miner (15.44%, 25.65 EH/s).
In November, Foundry launched a service aimed at institutional clients for staking cryptocurrencies based on the Proof-of-Stake (PoS) algorithm. The company works with institutions such as exchanges, digital-wallet operators, hedge funds and custodians.
(5/5) The opportunities that come with staking go on and on. We’re so excited to deep dive into any and all of these with you. Reach out to get the conversation started: https://t.co/U7ojskFt6L #foundrystaking
— Foundry (@FoundryServices) November 15, 2021
According to Foundry Staking’s site, the service supports 20 protocols, including Ethereum, Solana, Avalanche, Poligon and Polkadot.
Foundry is part of the Digital Currency Group Barry Silbert’s group, which, after a recent private sale of securities, valued at $10 billion.
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