According to reports, by the end of 2024, the United States will have the total computing power protecting the Bitcoin protocol.
Foundry USA, the two US-based mining pools that account for over 40% of the Bitcoin hashrate,
USA) and MARA pool mined more than 38.5% of all mined blocks.
According to MinerMag, Foundry USA is set to increase its hash rate from 157 exahash per second (EH/s) at the start of 2024 to around 280 EH/s as of December.
Foundry is currently the largest mining pool in the Bitcoin network by single hash rate, accounting for approximately 36.5% of the total hash rate.
According to Hashrate Index data, MARA Pool
Pool currently accounts for about 32 EH/s, or 4.35% of the total hash power. However, as computing power increases,
Despite this, China-based mining pools still control the majority of the world's hashrate.
In September 2024, Joo, founder and CEO of CryptoQuant
Ji-Young said, "Despite the 2021 cryptocurrency ban, Chinese mining pools will continue to lead the world's hash rate.
Chinese miners circumvent the ban by using virtual private networks (VPNs) to hide their IP addresses and connect to mining pools.
Additionally, peer-to-peer apps allow Chinese residents to trade cryptocurrencies, circumventing the national firewall.
In particular, the geographic distribution of small miners participating in mining pools makes it difficult to accurately estimate actual hashrate dominance.
In a September 2024 article, TheMinerMag noted that even if a mining pool is headquartered in a particular country, the pool's computing power may be distributed to miners outside that jurisdiction.
He said it could be provided by innings suppliers.
2025/01/06 12:45 KST
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