Foundry Shutter Free from DCG Mining Service report)

Foundry Shutter Free from DCG Mining Service report)

The Digital Currency Group will revise its type of Bitcoin mining in the middle of larger financing problems, which are largely due to the fact that another subsidiary has gone from them, Genesis, due to their business with FTX Bankrott.

Although Genesis has reached an agreement with its creditors-the parent company of the crypto trading platform, DCG, is one of them-the former is intended for sale as soon as a buyer appears.

The agreement that DCG and its subsidiary received was a step in the right direction. However, DCG is still in a difficult location and seems to be looking for new ways to generate income.

From mid-April, Foundry USA, a Bitcoin mining subsidiary of DCG, will start to charge users for your service.
So far, the use of Foundry has been free since the service has been online, which quickly developed into the largest mining pool in the world, measured by computing power.

According to BTC.com, Foundry currently controls 33.49 % of the global Bitcoin mining pool, followed by F2Pool with 14.06 % and Binance pool with 11.16 %.

Unfortunately nothing lasts forever, and DCG announced that the service would no longer be free.

staggered subscriptions

to be fair, most mining pool services raise a fee-Foundry is just starting to calculate what everyone else is.

However, the decision understandably disappointed some fans of the service.

According to Bloomberg, the new business model from Foundry will be a graded list of subscriptions for the mining service, and the price will vary per quarter depending on the hash rate of the previous quarter.

"Since the Foundry USA Pool continues to grow, we introduce staggered fees that enable us to further expand our range of functions and continue the operation within our FPPPS [Full Pay via Share].

Although it is unfortunate that the largest mining pool will give up, which brought him the status of the top dog, it was not entirely unexpected.

At the moment it is unclear what price current users have to pay for the first quarter. Foundry's new business model comes into force in about two weeks, somewhere between April 19 and 22.

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