#The United States accounts for over 40% of Bitcoin's hashrate.#
Hot Topic Overview
Overview
The United States' share of Bitcoin network hashrate has been steadily increasing, exceeding 40% by the end of 2024. Two US-based mining pools, Foundry USA and MARA Pool, account for over 38.5% of the hashrate. Foundry USA's hashrate grew from 157 EH/s at the beginning of the year to 280 EH/s by the end of the year, making it the largest single mining pool globally, controlling approximately 36.5% of the Bitcoin network's hashrate.
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 mining share. 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 trend suggests that the US's influence in Bitcoin mining is steadily increasing, potentially linked to the US government's policy support for cryptocurrencies and the investment of US mining companies in mining technology. However, some worry that the high concentration of Bitcoin mining in the US could lead to network security risks and potentially impact Bitcoin's decentralized nature.
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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 account for over 38.5% of mined blocks.
US Bitcoin hashrate grew significantly in 2024, with Foundry USA's hashrate increasing from 157 EH/s at the beginning of the year to 280 EH/s at the end of the year.