Ocean Mining Surges as Five Contributors Shift Hasrate from Foundry USA
The Bitcoin network has seen significant changes in its mining landscape, with Ocean Mining experiencing a notable shift. According to data, Five Ocean contributors have driven a 12% hashrate shift from Foundry USA, making them one of the top pools in terms of hash rate.
Foundry USA is currently the largest Bitcoin mining pool, holding around 24% of the network's hashrate. However, it appears that some miners are moving their operations to Ocean Mining due to its non-custodial nature and use of the TIDES payout system, which ensures that every miner receives a fair share of block rewards.
The seven-day average hash rate for the Bitcoin network is around 915.8 million TH/s, with Ocean Mining contributing around 525 PH/s. The recent shift in hashrate from Foundry USA to Ocean Mining may indicate a growing trend towards decentralized mining infrastructure.