Mining Centralization Pressures
summary
Four pools (Foundry, ViaBTC, Antpool, F2Pool) hold over 75% of hash rate, two pools reach ~51%, and Antpool-linked templates imply a single node controls many public pools. Stratum V2 actually lets a miner run a local Bitcoin node and choose its mempool for block templates, reducing pool control. Private relay service slipstream takes nonstandard transactions for a fee and earned ~5% extra over three months. Payouts are dominated by FPPS (~85%), PPLNS is <1%, and ASIC supply is concentrated around Bitmain/Antpool.
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chapters (9)
- 0:00Mining centralization pressures
- 1:27Mining centralization risks
- 5:39Stratum V1 vs V2 limits
- 9:51Private tx relay networks
- 15:10Mining pools purpose
- 19:10FPPS payout risks
- 23:59ASIC monopoly concerns
- 25:40Q&A on capital markets
- 28:56Closing remarks
