Foundry

Bitcoin

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<p>During the first spring month, Bitcoin miners earned huge sums, which had not been observed in the previous 12 months. Their rewards for block creation and transaction fees reached a record $2.01 billion, with the commission amounting to $85.81 million. As the Bitcoin halving approaches, miners note a significant increase in their earnings, maximally increasing their production capacities in the pursuit of still higher rewards for network operation. Recall that the previous peak was observed in May 2021, when Bitcoin miners’ profit amounted to $1.74 billion.</p> 
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<p>From March 1 to March 31, mining pools discovered 4412 blocks for Bitcoin mining, with 1312 formed by Foundry USA. This indicates that Foundry’s share accounted for 29.74% of the total network hashrate. Antpool took the second place, mining 989 blocks, which corresponds to 22.42% of the total number of blocks generated in March. Following Foundry and Antpool are Viabtc, F2pool, and Binance Pool, respectively. Currently, it is known that 54 mining companies participate in the network hashrate. Currently, the network hashrate for Bitcoin remains stable at around 606 exahashes per second (EH/s), increasing by 20 EH/s over the last month. The Bitcoin hash rate, which estimates the daily cost of one petahash per second (PH/s) of mining power, remained above $100 throughout the month. On March 1, the hash price was estimated at $103.24, by the end of the month, this figure had risen to $110.29 (data from Luxor’s hashrateindex.com). On March 13, this indicator registered a temporary increase to $120.</p>

In March, Bitcoin miners received a record $2 billion in rewards.

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