Foundry Digital Launches Zcash Mining Pool

Foundry Digital has launched a mining pool for the privacy-focused cryptocurrency Zcash, quickly securing approximately 29.2% of the network's total hashrate through partnerships with institutional mining clients. This launch has significantly reduced the dominance of ViaBTC's mining pool, which fell from around 65-68% to 37%. Foundry, also a major Bitcoin mining pool operator, did not disclose the specific institutional miners involved. The company also launched a Zcash block explorer, showing it has mined 2,344 blocks since its early March launch. Zcash mining rewards are approximately $458 per block. The article notes that Zcash has seen significant price appreciation, rising 77.2% in the last month following Foundry's initial announcement, and is now the fifth-largest proof-of-work token by market cap.

(Source：Cointelegraph)