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Foundry USA Mines Eight Consecutive Bitcoin Blocks in Rare Streak

The mining pool achieved an eight-block run from heights 910,500 to 910,507, a feat with only about 0.008% probability based on its roughly 30% hashrate share.

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Terms & Concepts
  • Bitcoin Block: A record in the Bitcoin blockchain containing a list of recent transactions, cryptographic hash of the previous block, and other data.
  • Hashrate: The computational power used per second by a cryptocurrency network to process transactions and mine new coins.
  • Mining Pool: A group of cryptocurrency miners who combine their computational resources over a network to increase the probability of finding a block.