Foundry's Zcash Pool Accounts for 30% of Hashrate Raises Fod
Foundry's launch of its Zcash Pool captures 30% of hashrate, raising concerns about centralization and impact on Zcash's decentralized nature.
The launch of Foundry's Zcash Pool has raised eyebrows as it now commands 30% of the Zcash hashrate. This shift comes amid a significant decline in miner revenues, which have plummeted to between $28 million and $35 million in just three months. Analysts are questioning whether the timing of Foundry's entry was strategically planned to capitalize on these revenue drops. Critics warn that such a large concentration of mining power could lead to centralization challenges for ZEC, undermining its decentralized ethos. As the market watches closely, the implications of Foundry's dominance may influence future mining dynamics and Zcash's viability.
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