Crypto mining pool operator Foundry Digital has launched a pool for the privacy-focused cryptocurrency Zcash, which the company says has secured nearly 30% of the Zcash network hashrate through partnerships with multiple institutional mining clients.<\/p>\n
\u201cInstitutional and public miners are seeking a compliant, purpose-built Zcash mining solution,\u201d Foundry said<\/a> on Monday, a month after announcing its plan<\/a> to create the Foundry Zcash Pool.<\/p>\n Foundry, which is also the largest mining pool<\/a> on the Bitcoin blockchain, did not disclose which institutional miners it had onboarded to reach a 29.2% hashrate share.<\/p>\n Mining pools secure proof-of-work blockchains by pooling computing power from commercial miners and others to share rewards proportionally with the aim of reducing variance.<\/p>\n Foundry added that it launched a Zcash block explorer, which shows that the Foundry Zcash Pool has mined 2,344 blocks since it launched earlier this month.<\/p>\n Zcash blocks are mined roughly every 75 seconds, paying a block subsidy of 1.25 Zcash (ZEC<\/a>) tokens in reward for solving blocks, which equates to about $458 at current market prices.<\/p>\n While Foundry said it launched the Foundry Zcash Pool earlier this month, Zcashinfo.com data suggests that it started accumulating hashrate on or around March 4, about a week before it was first announced.<\/p>\n Foundry\u2019s rise in hashrate share has cut into ViaBTC\u2019s dominance, which has fallen from 68.1% on Feb. 27 to 37% at the time of writing.<\/p>\n Related: <\/strong><\/em>Dash Evolution chain integrates Zcash Orchard privacy pool<\/strong><\/em><\/a><\/p>\n Crypto exchange Coinbase flagged<\/a> ViaBTC\u2019s hashrate dominance as a security risk to the network in September 2023.\u00a0<\/p>\n ZEC has been one of the better-performing cryptocurrencies<\/a> over the last year, rising<\/a> 1,050%, including a 77.2% rally over the last month following Foundry\u2019s initial announcement.<\/p>\n It is now the fifth-largest<\/a> proof-of-work token at $6.2 billion market cap,<\/a> trailing Bitcoin (BTC<\/a>), Dogecoin (DOGE<\/a>), Bitcoin Cash (BCH<\/a>) and competitor privacy coin Monero (XMR<\/a>).<\/p>\n Magazine: <\/strong><\/em>2026 is the year of pragmatic privacy in crypto: Canton, Zcash and more<\/strong><\/em><\/a><\/p>\n <\/div>\n Crypto mining pool operator Foundry Digital has launched a pool for the privacy-focused cryptocurrency Zcash, which the company says has secured nearly 30% of the Zcash network hashrate through partnerships with multiple institutional mining clients. \u201cInstitutional and public miners are seeking a compliant, purpose-built Zcash mining solution,\u201d Foundry said on Monday, a month after announcing […]<\/p>\n","protected":false},"author":2,"featured_media":424281,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-424265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=424265"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424265\/revisions"}],"predecessor-version":[{"id":424282,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424265\/revisions\/424282"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/424281"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=424265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=424265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=424265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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