Finance
What to know:
- Foundry’s new Zcash mining pool has rocketed to about 30% of total network hashrate since its debut in March. Who knew mining could be so… popular?
- They also rolled out Zcashinfo.com, a block explorer that tracks all this exciting action in real time-because who doesn’t want to watch numbers go up and down?
- The pool suggests that institutional interest in compliant Zcash mining is on the rise. Yes, folks, the big wigs are getting in on the action!
Foundry Digital, the heavyweight champion of Bitcoin mining pools, has decided to dip its toes into the Zcash (ZEC) waters. They’ve launched a mining pool that now controls a whopping 30% of the network’s hashrate, according to their fancy new block explorer. You’d think they were giving away free lattes with those numbers!
The New York-based firm announced that multiple institutional miners joined the party before the pool even had its big reveal. Talk about a VIP invite!
Alongside the pool, Foundry is treating us to Zcashinfo.com, a block explorer that lets you keep tabs on all the network’s juicy activity. It displays pool rankings, hashrate distribution, block data, and mining difficulty in real time. Because if you’re not tracking your crypto like it’s the latest Netflix series, are you even doing it right?
Zcash, which hit the scene in 2016, allows users to conduct transactions on a public blockchain while keeping key details as secretive as a celebrity’s diet plan through zero-knowledge proof technology. This means the network can confirm a transaction’s validity without spilling the beans on the sender, receiver, or amount involved-thanks to a nifty trick called zk-SNARKs. Sounds like magic, doesn’t it?
Just like Bitcoin, Zcash uses proof-of-work mining, where specialized machines race to solve cryptographic puzzles for rewards in shiny new ZEC tokens and transaction fees. It’s like a high-stakes game of Sudoku, but with more money at stake.
Blocks on Zcash appear roughly every 75 seconds-much quicker than Bitcoin’s leisurely 10-minute stroll-though both networks cap their supply at 21 million coins. Zcash employs the Equihash algorithm, which demands a hefty memory commitment, unlike Bitcoin’s SHA-256 system. It’s like Zcash is saying, “If you’re not sweating a little, are you even mining?”
Because going solo in this mining world is about as effective as trying to win a marathon wearing flip-flops, miners often band together in pools to combine their computing powers and share the spoils. This collaborative structure has made large pools vital to network performance, allowing them to flex their muscles and control significant chunks of total hashrate. Go team!
Foundry’s pool shares rewards through transparent addresses and operates on a pay-per-last-N-shares (PPLNS) model, which tracks miner contributions over time to calculate payouts. Think of it as a very high-tech version of splitting the bill after dinner.
The pool is currently welcoming new institutional participants, with onboarding focused on those regulated entities. Because nothing says “trustworthy” like a good ol’ government stamp of approval, right?
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2026-04-13 15:58