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Green SM changes its brand from Xanh SM to Green SM. The Green Smart Mobility and Intelligent Transport Joint Stock Company (GSM) announced the brand change from Xanh SM to Green SM. The change aims to unify brand identity across the entire system and marks the company's three-year operation. In…
Foundry Digital, the largest Bitcoin mining pool by hashrate, has formally launched a new Zcash (ZEC) mining operation. The company says the pool already concentrates nearly 30% of the network’s total hashrate, just weeks after its initial announcement in March.
Foundry Digital, headquartered in Rochester, New York, is a subsidiary of Barry Silbert’s Digital Currency Group. Its CEO, Mike Colyer, said the decision to incorporate Zcash reflects growing institutional interest in “privacy coins.” Several institutional miners, including publicly traded companies, joined the pool before its official debut.
The pool operates under the pay-per-last-N-shares (PPLNS) model, distributing rewards based on each participant’s historical contributions. Foundry also restricts access to the pool to regulated entities, with a focus on institutional miners.
Foundry’s pitch centers on Zcash’s compatibility with regulatory requirements. Unlike competitors such as Monero, Zcash supports selective transaction disclosure. The network uses zk-SNARKs to verify transactions without revealing the sender, recipient, or amounts, a feature Foundry’s CEO described as a key driver of institutional demand.
Alongside the mining pool, Foundry unveiled Zcashinfo.com, a block explorer that provides real-time data on pool rankings, hashrate distribution, blocks produced, and mining difficulty.
Zcash runs on the Equihash algorithm, which is designed to require large amounts of memory. Blocks are produced approximately every 75 seconds, compared with Bitcoin’s roughly 10-minute block interval.
In the 30 days leading up to the pool’s official launch, the price of ZEC rose by more than 75%, compared with a 7% increase for the broader market over the same period. Zcash’s market capitalization is around $6.3 billion, placing it at approximately position 15 among cryptocurrencies.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
