#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. Despite this, the dominance of hash rate remains controversial due to the anonymous and geographically distributed nature of Bitcoin mining.
Ace Hot Topic Analysis
Analysis
The United States dominates Bitcoin network hashrate, accounting for over 40% of the total hashrate as of the end of 2024. Two US-based mining pools, Foundry USA and MARA Pool, account for over 38.5% of all mined blocks. Foundry USA's hashrate grew 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 total Bitcoin network hashrate. Despite this, the dominance of hashrate remains controversial due to the anonymous and geographically distributed nature of Bitcoin mining.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
United States
dominates
the
bitcoin
mining
space
with
over
40%
of
the
hash
rate
Foundry
USA
is
the
world's
largest
single
bitcoin
mining
pool
controlling
about
36.5%
of
the
hash
rate
US
mining
pools
Foundry
USA
and
MARA
Pool
together
control
over
38.5%
of
bitcoin
mining
blocks
due
to
the
anonymous
and
geographically
distributed
nature
of
bitcoin
mining
hash
rate
dominance
is
contested