By the end of 2024, the United States had a 40% share of the global Bitcoin network hash rate, with the two main mining pools, Foundry USA and MARA, accounting for 38.5% of all blocks mined.
Moreover, foundry The MARA complex grew significantly in 2024, with growth rates of 68% and 168%, respectively.
Foundry and MARA mining pools make up 38.5% of the total Bitcoin blocks mined
Starting in 2024 with a hashrate of 157 exahashes per second (EH/s), Foundry USA has nearly doubled its capacity, to approximately 280 iH/s By December.
Foundry even beat Asia-based Antpool in computational power by nearly 100%, with Antpool’s hash rate increasing slightly from 130 EH/s to 147 EH/s — significantly lagging behind the Bitcoin network’s overall growth by 49%, which increased from 521 EH/s to 778 EH/s during the same period.
The Foundry and MARA pool now account for 38.5% of all Bitcoin blocks mined, up from 32.4% at the start of 2024 and just 18% in January 2022. These contributions, along with smaller pools like Luxor – which mines 1.5% of the blocks containing… 60-80% of its hashrate comes from US customers — adding to the US’s global share of 40%.
Some US mining pools have even expanded internationally, providing computational power to outside countries. For example, Bitmain sold approximately 32 EH/s of hashes activated in the US to a Chinese company in November, potentially contributing another 4% of the total held in the US.
China still dominates Bitcoin mining
While the United States has an impressive share of the global Bitcoin hash rate, China still dominates Bitcoin mining, accounting for 55% of the total computing power supply in 2024.
The country still maintains a ban on cryptocurrencies. However, Chinese miners have learned to bypass security protocols by using virtual private networks (VPNs) to hide their IP addresses. Peer-to-peer (P2P) applications also allow Chinese residents to bypass the national firewall and exchange cryptocurrencies.
However, Ki Young Joo, founder and CEO of CryptoQuant, believes that the dominance of Bitcoin mining is slowly shifting to the US, especially due to the difference in customers. he He said: “Chinese mining pools operate 55% of the network, while US pools operate 40%. US pools primarily cater to institutional miners in America, while Chinese pools support relatively smaller miners in Asia.
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