- Antpool has regained the top spot as the dominant Bitcoin mining pool.
- Deliveries of new Antiminer S19XP and S19XP Hydro contributed to this resurgence.
In an unexpected turn of events, Bitmain’s Antpool has reclaimed the spot as the top Bitcoin (BTC) mining pool, surpassing Foundry USA in monthly blocks mined. This development represents a shift in the Bitcoin mining scene, with Antpool’s revival challenging Foundry USA’s dominance since early 2022.
Antpool’s November Victory
According to a recent report, Antpool mined an impressive 1,219 blocks in November, edging past Foundry USA’s 1,216 blocks for the first time since January 2022. This achievement translated into total rewards of 8,672 BTC for Antpool’s miner clients, excluding the 83.6 BTC allocated for refunds. The success of Antpool in November suggests a resurgence in its mining capabilities.
The shift in Antpool’s fortunes is linked to strategic moves by Bitmain, its affiliated entity. The narrowing gap between Antpool and Foundry USA’s hashrate since June coincides with Bitmain’s substantial shipment of more than 4,800 metric tons of Antminer S19XP and S19XP Hydro to its U.S. subsidiary in Georgia between June and November.
The total hashrate from these shipments is estimated to exceed 37 EH/s, although the exact activation details remain unclear. Despite Antpool’s achievement in blocks mined, data from BTC.com reveals that Antpool’s self-reported real-time hashrate consistently lags behind Foundry USA’s over the past three months.
The cause of this discrepancy remains uncertain, raising questions about whether it’s due to luck variance or an underreporting error in Antpool’s real-time hashrate.
Introduction of Bitcoin Spark
While the traditional giants, Antpool and Foundry USA, continue their competition, a new player, Bitcoin Spark, is introducing a fresh perspective to the mining ecosystem. Bitcoin Spark aims to decentralize the mining process, addressing the centralization concerns associated with the dominance of a few major mining firms.
Bitcoin Spark achieves decentralization by simplifying the mining process, making it less energy-intensive than Bitcoin. This opens the door for retail investors to participate in network development.
The platform offers applications compatible with various operating systems, ensuring widespread accessibility. The proof-of-process consensus, using Random Access Memory (RAM) and the device’s Central Processing Unit or Graphics Processing Unit (GPU), enables mining to occur seamlessly in the background without disrupting normal device operations.
One of the critical issues in the Bitcoin mining ecosystem is the potential for a 51% attack, where a collaboration between major mining firms could compromise the network’s integrity. Bitcoin Spark’s innovative approach aims to mitigate this risk by involving a broader range of miners. By allowing users to mine BTC using handheld devices, the platform increases the number of participants, reducing the vulnerability to a 51% attack.
Bitcoin Spark is currently in its presale phase, offering an investment opportunity with potential substantial returns. BTCS tokens are available for purchase at $2.25, with a 10% bonus on all orders.
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