#The United States accounts for over 40% of Bitcoin's hashrate.#
Hot Topic Overview
Overview
As of the end of 2024, the United States accounted for over 40% of the global hash rate on the Bitcoin network, with two US-based mining pools, Foundry USA and MARA Pool, accounting for over 38.5% of all mined blocks. Foundry USA's hash rate grew from 157 EH/s at the beginning of 2024 to approximately 280 EH/s in December, making it currently the largest single mining pool by hash rate, controlling about 36.5% of the total hash rate of the Bitcoin network.
Ace Hot Topic Analysis
Analysis
The United States now accounts for over 40% of the Bitcoin network's hashrate, with two US-based mining pools, Foundry USA and MARA Pool, controlling over 38.5% of the hashrate. Foundry USA's hashrate has grown from 157 EH/s at the beginning of 2024 to approximately 280 EH/s in December, making it the largest single mining pool by hashrate, controlling about 36.5% of the Bitcoin network's total hashrate. This signifies a continuous rise in the US's share of the Bitcoin network's hashrate, establishing it as the world's largest Bitcoin hashrate hub. This trend could be attributed to the advantages held by US mining companies in terms of technology and funding, as well as the US government's policy support for cryptocurrencies. However, some express concerns that the concentration of hashrate in the US could lead to network security risks and potentially impact Bitcoin's decentralized nature.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The United States dominates Bitcoin hashrate, accounting for over 40% of global hashrate.
Foundry USA is the largest single mining pool, controlling approximately 36.5% of the total hashrate of the Bitcoin network.
US mining pools Foundry USA and MARA Pool together contribute over 38.5% of mined blocks.
Hashrate of US mining pools has grown significantly in 2024, for example Foundry USA's hashrate has grown from 157 EH/s to 280 EH/s.