Foundry Digital captured nearly a third of Zcash’s hashrate in a month. The launch of the new pool shifted the balance of power in the network and reduced the concentration of power with a single player.
The company stated that its pool already controls 29.2% of the network’s computing power. This became possible through cooperation with institutional miners, though specific participants are not disclosed.
The Balance of Power in the Network Has Shifted Sharply
Before the new pool appeared, the market was skewed. ViaBTC controlled more than 65% of the hashrate, which created security risks for the network.
The situation is now different. ViaBTC’s share has dropped to about 37%, and the network has become more distributed. This is a key shift. The reduction in concentration directly affects blockchain resilience.
Institutional Miners Strengthen Their Positions
Foundry is betting on major players. The company directly points to demand from public and institutional miners.
They need infrastructure that meets regulatory and transparency requirements. That is exactly what the new pool is focused on. This approach reflects a broader trend. Mining is gradually shifting from private participants to professional operators.
The Launch Was Faster Than Expected
Although the official launch took place in April, the growth in power began earlier. According to network data, the pool started gaining hashrate as early as the beginning of March.
This explains the rapid results. In a short time, the pool managed to mine more than 2,300 blocks. Given that a block appears in the Zcash network about every 75 seconds, the momentum looks stable.
The Network Economy Remains Stable
The block reward is 1.25 ZEC. At current prices, this is about $450 per block. This model keeps miners interested.
With a stable price and growing distribution of power, the network becomes more resilient. Additionally, Foundry has launched its own block explorer. This increases transparency and oversight of the pool’s operations.
The Market Has Already Responded With Growth
Zcash remains one of the strongest assets among Proof-of-Work algorithms over the past year. The token price has risen by more than 1,000% in a year.
Just in the last month, growth exceeded 70%. Part of this movement coincided with the launch of the Foundry pool. The market sees the increase in decentralization as a positive factor.
Zcash Strengthens Its Position Among PoW Assets
By market capitalization, Zcash is now among the top networks with proof-of-work. It is second only to Bitcoin, Dogecoin, Bitcoin Cash, and Monero. This confirms interest in the private transaction niche. At the same time, competition in the segment remains high.
What Is Changing for the Network
The main effect is a reduction in centralization risks. When one pool controls most of the power, the network becomes vulnerable.
Now this risk has decreased. The distribution of hashrate has become more balanced. This increases trust in the network and makes it more resilient in the long term.
What Comes Next?
Foundry has already captured a significant share. The question is whether the pool can maintain its position and continue to grow. If institutional miners continue to transition, the network structure could change permanently.
This is an important signal for the market. Mining is becoming more professional, and competition between pools is intensifying. In such an environment, networks with transparent infrastructure and a resilient economy win. Zcash is now moving in exactly that direction.
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