In a remarkable turn of events, Foundry USA and Antpool have collectively seized control of 56.7% of the Bitcoin network's hashrate in just three days ¹. This dramatic shift marks a significant concentration of power in the Bitcoin mining industry, with both pools poised to reap higher profits from increased transaction fees.

Foundry USA's Rapid Growth

Foundry USA has experienced a remarkable surge in hashrate this year, adding over 75 exahashes per second (EH/s) to its network ¹. This growth has propelled Foundry USA to become the second-largest Bitcoin mining pool, trailing only Antpool ².

Antpool's Steady Dominance

Antpool, owned by China-based Bitmain Technologies, has maintained its position as the largest Bitcoin mining pool, contributing 153.55 EH/s to the network over the past three days ¹. Antpool's steady dominance is a testament to its established presence in the Bitcoin mining landscape.

Implications of Centralization

The concentration of mining power in the hands of two pools raises concerns about potential risks and vulnerabilities ³. A 51% attack, where a single entity controls the majority of the network's hashrate, could compromise the security and decentralization of Bitcoin ⁴.

Community Response

The Bitcoin community is advised to take proactive measures to mitigate the risks associated with mining centralization ⁴. Running independent nodes and diversifying mining pools can help maintain the decentralized nature of Bitcoin.

Conclusion

The sudden shift in the Bitcoin mining landscape underscores the dynamic nature of the industry. As Foundry USA and Antpool continue to dominate the network, it is essential for the community to remain vigilant and proactive in ensuring the security and decentralization of Bitcoin.

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