Bitmain's AntPool Miner Surpasses DCG's Foundry As The Leading Bitcoin Mining Pool

AntPool, the Bitcoin mining entity affiliated with Bitmain, has surpassed Foundry US to claim the position as one of the largest mining pools for BTC mining.

According to the data provided by MinerMag, Antpool mined 1,219 blocks in November, slightly more than Foundry USA’s 1,216 blocks mined. AntPool has total rewards of 8,672 BTC for its miner clients, deducting refunds of 83.6 BTC.

Antpool Holds Major Shares In Bitcoin Mining Pool

Since January 2022, Foundry US has always been in the lead until this year. The surge in AntPool’s hash rate, a trend observed since June has started narrowing the gap between US Foundry and AntPool. The development aligned with Bitmain’s substantial shipment of over 4,800 metric tons of Antminer S19XP and S19XP Hydro to its U.S. subsidiary in Georgia.

According to the Hashrate Index, AntPool miner currently governs approximately 26% of the Bitcoin mining pool distribution. While the previous dominator Foundry US regulates the 25% market share.

Despite AntPool’s surge to the top position in blocks mined, data compiled by BTC.com reveals an intriguing detail – AntPool’s self-reported real-time hash rate consistently trails behind Foundry USA’s over the past three months.

Also Read: Breaking: Binance Burns 4 Billion Terra Luna Classic (LUNC) Tokens

The Mining Pool Chaos

Recent data from Intotheblock shows that the miner revenue generated per month in November has experienced a spike. The total subsidy gathered through all the miners is around $1.01 billion. Whereas, the gas fee to transact Bitcoin is around $142 million.

On November 23rd, some users paid 83 BTC as a gas fee. About transaction fees, AntPool announced that there will be a refund of the $3 million transaction fee it handled last week after a likely user error resulted in the highest-ever charge paid for a Bitcoin network transfer.

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