What is this "Foundry USA" thing? | Bitcointalksearch.org

ranochigo

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Quote from: NotATether on Today at 01:19:01 AM

Foundry is just a miner like any other.

Some people are suspicious of it because they don't usually make public comments like other miners do. Or maybe just because they are hard in the USA in general. By the way, this last part doesn't make much sense any more with the new pro-crypto administration incoming.

Agreed that Foundry probably has little to no government influence.
Just to iterate on your last point:
Donald Trump has stated that he hopes all of the future Bitcoin to be mined within the US. Would this statement still be positive for the crypto industry and what we stand for? In addition, would the recent stand that he takes still be positive for the Bitcoin mining industry in the US? Of course, discounting the fact that every one of them are just looking to rake it more profit.

NotATether

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Foundry is just a miner like any other.

Some people are suspicious of it because they don't usually make public comments like other miners do. Or maybe just because they are hard in the USA in general. By the way, this last part doesn't make much sense any more with the new pro-crypto administration incoming.

ranochigo

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Quote from: ? on December 25, 2024, 01:14:43 PM

This pool actually makes me paranoid so that I registered an account to ask.
Is the destination of this pool to enhance control of USA government gradually?
Here are some related links I found about this pool:
-snip-

The correct address is foundrydigital.com. Any other address that you're visiting is a scam.

The parent company (Digital Currency Group) is private and based in the US. They have to comply with US laws and regulations, though there is no crypto censorship related laws in place yet for the mining industry. Most allegations against Foundry is unfounded at the moment and they have not openly censored any transactions. So far, only MARA pool has openly declared that they're filtering non compliant blocks.

SilverCryptoBullet

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Quote from: ? on December 25, 2024, 01:14:43 PM

This pool actually makes me paranoid so that I registered an account to ask.
Is the destination of this pool to enhance control of USA government gradually?
Here are some related links I found about this pool:

https://bitcoin.lu.ke/mining/pool/foundryusa

https://www.foundryusa.com/

There are attempts to censor Bitcoin transactions from Bitcoin Mining pool, Foundry USA.

Six OFAC-sanctioned transactions missing
Missing transaction observations.

RickDeckard

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Foundry USA basically works as any other pool - They have their own miners but you individual users can also join them in the efforts of mining bitcoin. The thing with Foundry is that they have amassed a huge base of miners, which allows them to currently have an astonishing hashrate of 248.8 EH/s[1]. They are actually part of a larger investment group called Digital Currency Group[2] - which also owns other companies such as CoinDesk.

Quote from: ? on December 25, 2024, 01:14:43 PM

(...)
https://www.foundryusa.com/

I'm 99 % certain that this is not the real website of the company but instead a possible scam. A simple WBM search shows that the domain once hosted a cloud mining service[3] on October 2023 and shortly before the domain was on sale[4].
If you want to learn more about Foundry, this[5] is the source that you should visit.

[1]https://mempool.space/mining/pool/foundryusa
[2]https://www.foundryusa.com/
[3]https://web.archive.org/web/20231206141536/https://foundryusa.com/
[4]https://web.archive.org/web/20220706221600/http://foundryusa.com/
[5]https://foundrydigital.com

Ambatman

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There's no evidence of a direct relationship or control of the government over Foundry mining pool.
They are controlled by foundry digital which is a subsidiary of digital currency group.
Even with the government growing interest in cryptocurrency
The only way they can control it is through regulatory frameworks and not direct ownership.
They are considered one of the largest mining pool.

?

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This pool actually makes me paranoid so that I registered an account to ask.
Is the destination of this pool to enhance control of USA government gradually?
Here are some related links I found about this pool:

https://bitcoin.lu.ke/mining/pool/foundryusa

https://www.foundryusa.com/

Topic: What is this "Foundry USA" thing? (Read 78 times)