Bitcoin mining is centralizing, but how real is the risk of network censorship? And can a protocol called Stratum V2 save the industry?
This is an opinion editorial by Federico Rivi, author of the Bitcoin Train newsletter.
Source
Bitcoin mining within everyone’s reach: household appliances, wearable devices such as smartwatches and smart glasses, all capable of mining with specialized microchips. This is the future that many Bitcoiners hope for.
While such a scenario might not be so far from the reality that awaits us, today we are still in Bitcoin’s genesis chapter and the reality is not yet as Antonopoulos predicted. In fact, mining is centralizing.
Last month, Foundry USA coordinated 34% of the hash rate alone. If we add Antpool, whose share is 18.2% of total hash rate, we have 52% of Bitcoin’s global computational power in the hands of just two mining pools.
Pointing out the problem with this centralization recently was the well-known Bitcoin developer Peter Todd:
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We współpracy z: https://bitcoinmagazine.com/business/stratum-v2-will-save-bitcoin-mining
