The Free Mining Service At DCG’s Foundry Is Ending (Report)
Foundry’s free model, which helped it get to the top, will now be a paid service. Due to Genesis’ bankruptcy due to FTX deals, the Digital Currency Group will change its Bitcoin mining strategy. Freeing Up Revenue Even though Genesis and its creditors came to an agreement, and DCG, the parent company of the crypto trading platform, was one of them, Genesis is set to be sold as soon as a buyer comes along. The agreement between DCG and its subsidiary was a good step forward. But DCG is still in a tough situation and seems to be trying to find new ways to make money. Foundry USA, a branch of DCG that mines Bitcoins, will start charging users for their service around the middle of April. Since Foundry went online in 2019, it has been free to use. Since then, it has quickly become the largest mining pool in the world in terms of computing power. According to btc.com, Foundry is in charge of 33.49 percent of the global Bitcoin mining pool. F2P...