Foundry launches Zcash mining pool for privacy coins

Jinse Finance reported that US mining company Foundry (a subsidiary of Digital Currency Group) has officially launched a new mining pool business based on Zcash. The company currently holds about 31% of the hash rate share in the Bitcoin mining pool market. This move is seen as a significant endorsement of privacy coins. It is reported that the initiative stems from growing institutional investor interest in privacy coins, and it is expected that institutional miners, including several publicly listed mining companies, will allocate a portion of their hash power to the Zcash network.