Cryptocurrency

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<div class="finbold">
 <p class="paragraph">The Bitcoin (BTC) <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> business is a live ‘winner-takes-all’ race, with <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> companies and pools competing against each other for the discovery of the next valid block that guarantees the right to collect the <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> reward of 6.25 BTC plus transaction fees. Recent changes in the hashrate spectrum towards AntPool could further impact Bitcoin network decentralization.</p>
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 <p class="paragraph">Notably, the Digital Currency Group (DCG) subsidiary and American mining pool, Foundry USA, has led this race in the last three years. Foundry dominated the block discovery by 17.78%, for a total of 28,331 Bitcoin blocks mined since October 2020. This data is from <em>mempool.space</em>, collected by Finbold on October 6, 2023.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="478" src="https://cdn.thebittimes.com/images/2023/10/06/5e0cdb060c29567f9dd5035c2e0f2414.webp" alt="Foundry USA 1st, AntPool 2nd: Bitcoin Mining Pool Ranking, 3-year.
" class="wp-image-131544" srcset="https://cdn.thebittimes.com/images/2023/10/06/5e0cdb060c29567f9dd5035c2e0f2414.webp 1024w, https://cdn.thebittimes.com/images/2023/10/06/5e0cdb060c29567f9dd5035c2e0f2414.webp 300w, https://cdn.thebittimes.com/images/2023/10/06/5e0cdb060c29567f9dd5035c2e0f2414.webp 768w, https://cdn.thebittimes.com/images/2023/10/06/5e0cdb060c29567f9dd5035c2e0f2414.webp 1536w, https://cdn.thebittimes.com/images/2023/10/06/5e0cdb060c29567f9dd5035c2e0f2414.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Bitcoin Pools Ranking, 3-year. Source: <em>mempool.space</em>
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 </figure>
 <p class="paragraph">However, AntPool has suddenly increased its hashrate power in the last few days, surpassing Foundry USA in the block discovery to become the new leading pool in the Bitcoin <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> race. AntPool has kept its second place, closely following the leader for all this time, <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> 26,436 blocks (16.59%) in three years.</p>
 <p class="paragraph">Interestingly, the new dominating pool is owned by the leading ASIC manufacturer BitMain, both located in China. ASICs are the special machines used to efficiently mine Bitcoin — and the more efficient ASICs connected to the network a miner has, the higher their chances of finding a valid block and collecting the reward.</p>
 <h2 class="wp-block-heading" id="h-bitcoin-mining-pool-antpool-closely-mined-1-out-of-every-3-blocks-in-the-day">Bitcoin mining pool: AntPool closely mined 1 out of every 3 blocks in the day</h2>
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 <p class="paragraph">At the time of publication, the BitMain-owned <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> pool has discovered 46 blocks (30.07%) in the last 24 hours. Excluding the paid transaction fees, this amount has accrued AntPool a total of 287.5 BTC as part of its <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> rewards — which is worth close to $8 million, with BTC trading at around $27,700.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="478" src="https://cdn.thebittimes.com/images/2023/10/06/dd054a12759bd6a1f2692e647b95d9b4.webp" alt="AntPool 30% block discovery. Bitcoin Mining Pool Ranking, 24-hour. Source: mempool.space
" class="wp-image-131545" srcset="https://cdn.thebittimes.com/images/2023/10/06/dd054a12759bd6a1f2692e647b95d9b4.webp 1024w, https://cdn.thebittimes.com/images/2023/10/06/dd054a12759bd6a1f2692e647b95d9b4.webp 300w, https://cdn.thebittimes.com/images/2023/10/06/dd054a12759bd6a1f2692e647b95d9b4.webp 768w, https://cdn.thebittimes.com/images/2023/10/06/dd054a12759bd6a1f2692e647b95d9b4.webp 1536w, https://cdn.thebittimes.com/images/2023/10/06/dd054a12759bd6a1f2692e647b95d9b4.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Bitcoin Pools Ranking, 24-hour. Source: <em>mempool.space</em>
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 <p class="paragraph">Additionally, these most recent results have also impacted the Bitcoin <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> pool industry state in the last three days, as AntPool slightly overcame Foundry USA by a two-block difference. The Chinese <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> pool has mined a total of 121 blocks (27.75%), while Foundry was responsible for 119 blocks (27.29%), according to the 3-day pools ranking.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="478" src="https://cdn.thebittimes.com/images/2023/10/06/3a43c171b7a8660716f94936b8e24f0e.webp" alt="Bitcoin Mining Pool Ranking, 3-day. Source: mempool.space" class="wp-image-131546" srcset="https://cdn.thebittimes.com/images/2023/10/06/3a43c171b7a8660716f94936b8e24f0e.webp 1024w, https://cdn.thebittimes.com/images/2023/10/06/3a43c171b7a8660716f94936b8e24f0e.webp 300w, https://cdn.thebittimes.com/images/2023/10/06/3a43c171b7a8660716f94936b8e24f0e.webp 768w, https://cdn.thebittimes.com/images/2023/10/06/3a43c171b7a8660716f94936b8e24f0e.webp 1536w, https://cdn.thebittimes.com/images/2023/10/06/3a43c171b7a8660716f94936b8e24f0e.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Bitcoin Pools Ranking, 3-day. Source: <em>mempool.space</em>
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 </figure>
 <p class="paragraph">Therefore, AntPool was able to collect over $20 million in block subsidy, highly rewarding the Bitcoin miners contributing to its generated Proof-of-Work (PoW), to the loss of their competitors allocating hashrate to other pools.</p>
 <p class="paragraph">Just like Foundry USA, AntPool demands proper identification (KYC) of all Bitcoin miners plugging their machines in this <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> cooperative. In this context, more registered <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> companies could now choose to migrate their hashpower to BitMain’s pool, looking for a higher chance of block discovery.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/antpool-is-now-the-biggest-bitcoin-mining-pool-reaping-20m-in-3-days-tbt65368.html">https://thebittimes.com/antpool-is-now-the-biggest-bitcoin-mining-pool-reaping-20m-in-3-days-tbt65368.html</a></p>

AntPool is now the biggest Bitcoin mining pool, reaping $20M in 3 days

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