In an in-depth interview with Bitcoin Magazine on Jan. 24, Bitcoin Core developer Luke Dashjr voiced significant concerns about the increasing centralization of Bitcoin mining.
Dashjr believes that the dominance of a few large mining pools poses a serious threat to the decentralized nature of Bitcoin, potentially leading to censorship and control issues within the network.
11 mining pools in control
Dashjr said that a handful of large mining pools currently dominate Bitcoin mining and provide the vast majority of the computing power used to secure the Bitcoin network.
These pools can vary in their respective total network hash rate shares. Some notable mining pools often include AntPool, Foundry USA, F2Pool, Poolin, and Binance Pool, among others. The exact distribution changes over time due to various factors, such as changes in pool capacities and the emergence of new mining pools.
The crux of Dashjr’s concerns lies in these pools’ disproportionate influence over the blockchain.
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