Foundry captures 30% of Zcash hashrate at launch – Is ZEC becoming too centralized?
The post Foundry captures 30% of Zcash hashrate at launch – Is ZEC becoming too centralized? appeared on BitcoinEthereumNews.com.
A well-known Bitcoin mining pool, Foundry Digital, operator of Foundry USA Pool, made headlines for launching Foundry Zcash Pool. Interestingly, even before the launch, the mining customers had already been onboarded, showing eagerness. Additionally, with the 11th of March being the initial launch date, the hashrate surged to 30% of the present Zcash network hashrate. Source: Foundry/X Remarking on the scale of growth in just a few days, the press release noted, The pace of adoption of Foundry Zcash Pool makes it clear that institutional and public miners are seeking a compliant, purpose-built Zcash mining solution. The firm also took to X and highlighted, Institutional miners have been looking for compliant, purpose-built $ZEC infrastructure, and we’re proud to deliver it. Source: Foundry/X Pros and cons of Foundry Zcash Pool As a part of the plan, the Foundry Zcash Pool will be operated from the U.S. to minimise compliance and “counterparty risk for regulated institutional and public miners.” With “transparent and auditable payouts”, the Pool will also provide additional benefits to the miners. However, it’s important to note that this move would also undermine the decentralized ethos in the mining sector. This also raises a question of potential regulatory compliance in the long run. Hence, a deeper analysis suggests that this move by Foundry Zcash Pool is a double-edged sword. Miner revenue, hashprice and hashrate analysis paint a concerning picture This was crucial given the timing, as the miner’s daily revenue dropped sharply from $45 million at the start of 2026 to the $28-$35 million range at press time. On the other hand, the hashrate was also seeing highly volatile spikes and finally stood at 1.2B EH/s, suggesting miners were earning less despite increased competition. Source: CryptoQuant Confirming this sentiment, another chart on Bitcoin’s [BTC] hashprice suggests that since January 2026…
Filed under: News - @ April 14, 2026 10:28 pm