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The prominent Bitcoin mining pool Foundry Digital is set to launch mining for the privacy token Zcash in April. This initiative is aimed primarily at corporate clients, particularly those based in the United States.
Foundry promises to provide Zcash miners with a platform that adheres to U.S. regulatory requirements, including compliance checks, reporting standards, and operational oversight. Users will undergo verification in accordance with KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. Currently, the Zcash mining ecosystem is largely composed of small global pools, which typically operate outside the legal framework.
Mining rewards will be distributed through transparent Zcash addresses using the Pay Per Last N Shares (PPLNS) model, with detailed data available for daily payment reconciliation, according to Foundry. The company has pledged “competitive rates” for pool services, although specific figures have not yet been disclosed. There will be no minimum hash rate requirement for joining the pool.
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Similar to Bitcoin, Zcash employs proof-of-work mining. Miners solve complex mathematical problems using specialized hardware. Upon solving a problem, the pool or miner adds a new block of transactions to the blockchain and receives rewards in ZEC tokens plus transaction fees.
Interest in privacy tokens is increasing amid tightening cryptocurrency regulations. Over the past year, the Zcash token has appreciated by more than 670%.
Concurrently, the profitability of Bitcoin mining is declining following the 2024 halving event: the block reward has been halved, and mining difficulty has increased. As a result, many large miners are exploring other blockchains. F2Pool, 2Miners, and ViaBTC have begun considering Zcash mining.
It was previously reported that the twenty-millionth Bitcoin has been mined.
