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Foundry USA Becomes Second Largest Bitcoin Mining Pool As Ban In China Continues

News Snapshot:

Cryptocurrency mining service provider Foundry USA, based in New York, takes the lead to become the second largest Bitcoin (BTC) mining pool in the world, after taking a share of 15.42% of the network. Data from BTC.com shows that Foundry USA, owned by Digital Currency Group, lags behind pool leader AntPool with a hash rate of just 4,000 PH / s, which has contributed to a 17.76% network share as of this writing. The increased participation of US entities can be attributed to China’s recent blanket ban on cryptocurrency trading and mining activities.. The ban forced a large-scale migration of…

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