Zinger Key Points
- Antpool reports 1,219 blocks mined compared to 1,216 mined by Foundry USA amidst a rising hash rate.
- AntPool announced it will refund $3 million in transaction fees that was charged after user error led to highest charge.
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Antpool, a Bitcoin mining entity affiliated with Bitmain, has now claimed the position of the largest mining pool for BTC mining from Foundry USA.
What Happened: MinerMag data reported 1,219 blocks mined by Antpool in November 2023, which is marginally ahead of Foundry USA’s 1,216 blocks mined. Antpool had total rewards of 8,672 BTC for its miner clients, deducting refunds of 83.6 BTC.
Foundry USA, a wholly-owned subsidiary of the Digital Currency Group (DCG), had been leading the table since January 2022. But, with a rising hash rate of AntPool since June 2023, the gap of blocks mined had narrowed between Foundry USA and Antpool.
This came on the heels of Bitmain’s significant shipment of more than 4,800 metric tons of Antminer S19XP and S19XP Hydro to its U.S. subsidiary in Georgia.
Hashrate Index data highlighted Antpool’s share at 26% in Bitcoin mining pool distribution as compared to 25% of Foundry USA.
Intotheblock data showcased a surge in November miner-generated revenue while total subsidy gathered by the miners stood at around $1.01 billion.
Recently, AntPool announced it will refund the $3 million transaction fee it handled last week after a probable user error led to the highest-ever charge paid for a Bitcoin network transfer.
Read Next: Tim Draper Says Yes to Bitcoin For The Holidays, Anticipates $250,000 BTC In 2024
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