Foundry Digital, the largest Bitcoin mining pool by hashrate, has created Zcash ($ZEC) According to company data and a newly released block explorer, the mining pool has grown rapidly and now controls about 30% of the network’s hashrate.
Following its initial announcement in March, the New York-based company announced that multiple institutional investors have joined the pool ahead of its public debut.
Alongside the pool, Foundry introduced Zcashinfo.com, a block explorer that tracks network activity. The site displays pool rankings, hashrate distribution, block data, and mining difficulty in real time.
Launched in 2016, Zcash allows users to send transactions on public blockchains while keeping important details private through zero-knowledge proof technology. Using a cryptographic technique known as zk-SNARK, the network can verify that a transaction is valid without revealing the sender, recipient, or amount.
Similar to Bitcoin, this network relies on proof-of-work mining, where specialized machines compete to solve cryptographic puzzles in exchange for rewards paid in newly minted currency. $ZEC Tokens and transaction fees.
Zcash’s blocks are generated approximately every 75 seconds, much faster than Bitcoin’s 10-minute cycle, but both networks have a supply limit of 21 million coins. Zcash uses the Equihash algorithm, which is designed to require large amounts of memory, unlike Bitcoin’s SHA-256 system.
Since it is unlikely that a block can be solved alone, miners are often grouped into pools to combine their computing power and share the rewards. This structure allows large pools to control a significant portion of the total hashrate, making it central to network performance.
Foundry’s pool distributes rewards through transparent addresses and uses a Pay-per-Last-N-shares (PPLNS) model that tracks miners’ contributions over time to calculate payouts.
This pool is for new institutional participants, with onboarding for regulated entities.
