A miner managed to mine 9 consecutive Bitcoin blocks: The reward was over $2,3 million.

Foundry USA managed to mine nine consecutive Bitcoin blocks, earning a reward of over $9 million. 

Bitcoin mining has experienced one of the most significant moments in its recent history. Foundry USA, one of the most prominent mining pools globally, has managed to mine 9 consecutive blocks of the Bitcoin network, an achievement that not only highlights its computational power, but also reflects its dominant position in the digital mining ecosystem.

This feat, recorded on March 30 of this year, not only represented a financial reward of more than $2,3 million dollars for the company, but also highlighted the growing influence of the United States on the global Bitcoin hashrate. According to data from the Mempool Space platform, Foundry USA is currently the largest Bitcoin miner, with a hashrate of 257,24 exahashes per second (EH/s), allowing it to process a significant number of blocks on the network.

In just the last week, Foundry USA has managed to mine 319 blocks from the Bitcoin network., demonstrating its ability to efficiently process a large number of transactions and blocks. This isn't the company's first notable achievement, as earlier this year, it also managed to mine seven consecutive blocks on the Bitcoin network, an equally improbable feat in the world of crypto mining.

Foundry USA's dominance in Bitcoin mining

Foundry USA, a subsidiary of Digital Currency Group (DCG), has established itself as one of the most influential players in the cryptocurrency mining industry. Its growth dates back to 2021, when it began to position itself as one of the largest mining pools in the world.

The company has managed to surpass major competitors such as AntPool and F2Pool, Mining pools traditionally dominant in Asia. This shift in the global landscape was due, in part, to restrictions imposed by China in 2021, which forced the Bitcoin mining industry to migrate to the United States. Foundry USA currently leads the ranking of mining pools, with more than 34% of blocks mined globally.

Foundry USA's success in crypto mining is largely due to its ability to offer comprehensive solutions, including financing, hardware, and software, allowing miners to access resources to maximize their operational efficiency.

Why is it so unlikely to mine 9 consecutive blocks?

Bitcoin mining is based on a probabilistic system in which miners compete to solve complex mathematical problems and mine blocks on the network. Although mining pools with higher hash power are more likely to find a block, the chance of doing so consecutively is extremely low due to the design of the Bitcoin protocol.

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According to experts' calculations, The probability of mining 9 blocks in a row is only 0,005%., making it a practically extraordinary event for Foundry USA. To put this in perspective, even pools like AntPool, one of the largest miners in Asia, have only managed to mine three consecutive blocks on previous occasions.

Foundry USA's feat reflects not only its computational power, but also the inherent luck of the BTC mining process. 

The rise of Foundry USA and its impact on the ecosystem

Foundry USA has once again demonstrated why it is considered one of the world's leading mining pools. Its ability to mine nine consecutive blocks not only represents an industry record, but also strengthens its position within the Bitcoin ecosystem.

Furthermore, this achievement coincides with a time when the United States is consolidating its position as the global leader in network hashrate and seeking to position itself as the world's crypto capital. Recent data indicates that US pools control more than 37% of the Bitcoin network's computing power, consolidating the country's position as the leading player in cryptocurrency mining today.

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