News
Despite spinning off Fortitude Mining, Foundry retains the largest Bitcoin mining pool with over 30% of the network’s hashrate.
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Mining Pools News
A mining pool is an association of miners that combine their computing resources to mine cryptocurrency blocks and split the reward equally, according to the contributed amount of work. Mining pools became necessary when the difficulty of proof-of-work cryptocurrency mining increased so much that it became impossible for the average miner to mine a full block. The growing difficulty led to the establishment of the first mining pools for Bitcoin. Today, Bitcoin mining pools are the most influential communities in the Bitcoin network and are the major organs that decide whether new forks should be implemented. There are also Ethereum mining pools, Litecoin mining pools and mining pools of other major cryptocurrencies that are too hard to mine alone. There are also mining multipools that switch from one cryptocurrency to another when it becomes more profitable to mine.
- Explained
Discover the key factors influencing cryptocurrency mining profitability in 2025, including electricity costs, hardware efficiency, mining difficulty and evolving regulations.
- News
Hashrate dominance continues to be debated due to the pseudonymous and geographically distributed nature of Bitcoin mining.
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Data from CryptoQuant showed that 25,367 BTC flowed out of miner wallets as Bitcoin approached $90,000 on Nov. 12.
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Europe’s biggest telecommunications provider plans to mine Bitcoin using surplus energy from renewable sources that would otherwise go unused.
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Miners including Cormint and TeraWulf are among the lowest-cost producers of Bitcoin, an important advantage amid tightening margins, CoinShares said.
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According to CryptoQuant, the current Bitcoin network difficulty is 88.4 trillion — down from the 92 trillion recorded on Sept. 20, 2024.
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Lou Jiwei stressed that China must assess cryptocurrency developments, particularly as the US shifts policy on Bitcoin ETFs.
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According to CryptoQuant founder Ki Young Ju, Chinese mining pools control 55% of the network hashrate, while US mining pools control 40%.
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A single Bitcoin miner received the total reward of a Bitcoin block, a rarity due to the hash and power requirements needed to mine the blockchain.
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August 2024 represented the worst month for Bitcoin mining revenue since September 2023, with $827.56 million in fees generated.
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A solo Bitcoin miner operating as part of the Solo CK pool solved a block with just 0.012% of the average hashrate.
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The slashing of the Bitcoin block subsidy from 6.25 Bitcoin to 3.125 during the April 2024 halving has placed financial pressure on miners.
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The new raise is part of Marathon’s strategy to go “full hodl” and make Bitcoin a strategic reserve asset for the company.
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The device, called a “Bitaxe,” successfully mined a block even though its chances were only 1 out of 1 billion every 10 minutes.
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