#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 of 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. While the US holds a dominant position in Bitcoin mining, the anonymity and geographically distributed nature of Bitcoin mining has led to ongoing debate about hash rate dominance.
Ace Hot Topic Analysis
Analysis
The United States 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. Despite this, the dominance of hashrate remains contested due to the anonymous and geographically distributed nature of Bitcoin mining. This phenomenon indicates the US's dominance in Bitcoin mining, with its hashrate advantage giving it greater influence in the global cryptocurrency market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
United States
dominates
the
bitcoin
mining
space
with
over
40%
of
the
global
hash
rate
Foundry
USA
is
the
world's
largest
single
bitcoin
mining
pool
with
a
hash
rate
of
36.5%
of
the
global
total
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
remains
controversial