AntPool Takes the Lead in Bitcoin Mining, Outperforming US Rivals

Sunday, 22 September 2024, 14:50

Bitcoin mining has seen a significant shift, with AntPool now mining one-third of all newly issued BTC. This dominance raises concerns regarding mining centralization and its implications on the Bitcoin network. AntPool's recent achievement surpasses US-based Foundry USA, intensifying the global mining competition.
Finbold
AntPool Takes the Lead in Bitcoin Mining, Outperforming US Rivals

AntPool’s Dominance in Bitcoin Mining

In a remarkable turn of events, AntPool, a leading mining pool based in China, has claimed a staggering one-third of all Bitcoin (BTC) blocks mined within the last 24 hours. This dramatic shift highlights the intense competition between Bitcoin mining entities, particularly between China and the United States.

Centralization Concerns in the Mining Community

With AntPool's recent success, concerns surrounding Bitcoin mining centralization have surfaced. Experts warn that excessive concentration within mining pools could compromise the security and integrity of the Bitcoin network.

  • AntPool mined 42 out of 135 blocks.
  • Foundry USA follows with 36 blocks in the same timeframe.
  • Long-term mining data shows Foundry USA leads overall.

As centralization increases, the ramifications for BTC’s market price may also intensify.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Subscribe to our newsletter for the most current and reliable cryptocurrency updates. Stay informed and enhance your crypto knowledge effortlessly.

Subscribe