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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…
Crypto mining pool operator Foundry Digital has launched a mining pool for Zcash, a privacy-focused cryptocurrency, and says it has secured nearly 30% of the Zcash network hashrate through partnerships with multiple institutional mining clients.
“Institutional and public miners are seeking a compliant, purpose-built Zcash mining solution,” Foundry said. The company, which is also the largest mining pool on the Bitcoin blockchain, did not disclose the identities of the institutional miners it onboarded to reach a 29.2% hashrate share.
Mining pools help secure proof-of-work blockchains by pooling computing power from commercial miners and others. Participants share rewards proportionally, aiming to reduce variance in payouts.
Foundry said it launched a Zcash block explorer showing that the Foundry Zcash Pool has mined 2,344 blocks since it launched earlier this month.
Zcash blocks are mined roughly every 75 seconds, with a block subsidy of 1.25 Zcash (ZEC) tokens per block. At current market prices, Foundry’s cited per-block subsidy equates to about $458.
While Foundry said it launched the Foundry Zcash Pool earlier this month, Zcashinfo.com data suggests it began accumulating hashrate on or around March 4—about a week before the first announcement.
Foundry’s rise in hashrate share has reduced ViaBTC’s dominance. ViaBTC’s share fell from 68.1% on Feb. 27 to 37% at the time of writing.
ZEC has been among the better-performing cryptocurrencies over the past year, rising 1,050%, including a 77.2% rally over the last month following Foundry’s initial announcement.
Zcash is now the fifth-largest proof-of-work token by market capitalization, at $6.2 billion, trailing Bitcoin (BTC), Dogecoin (DOGE), Bitcoin Cash (BCH) and competitor privacy coin Monero (XMR).
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…
