85 sats \ 6 replies \ @SimpleStacker 26 Aug 2022 \ on: The top 3 mining pools now have 54.8% of the total hashrate bitcoin
I don't think so. The mining pool operator doesn't have control over the individual miners. If a pool has bad behavior miners can switch to another pool.
I would want to see the distribution of hashrate by decision-making entities, but I don't know how to get that data.
Foundry is the largest and they control all their hashrate. You and I cannot mine for Foundry.
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Ah, didn't know that. Is that coz they control all the hardware or because of something else, like a protocol they run?
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That’s not true. A bunch of publicly traded us miners mine for foundry. Hut 8, I think marathon, etc. they’re enterprise-focused, but they don’t own all their hashrate.
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I stand corrected. However, they vet their miners before allowing them to pool. What could they possibly be offering to be so exclusive?
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regulatory certainty?
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Do these top 3 miners take possession of the morning equipment and warehouse them (like compass)?
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