For the love of God the fact no one is paying any attention and miners don’t care as long as they get their steady expected payout

Moving out little 400th to ocean next week. If every pleb does this though, does it impact at all?

this is the real attack on bitcoin

Why is Mining pool centralization problematic? I really know nothing in this area.

Agreed. Bitcoin fixes everything but we need to be open to threats and not let it be centralized. What is the solution to miner centralization?

If #bitcoin pools continue to centralize maybe the incentives alignment for pools don't align

Yeah it’s a big issue.

What's the status of Stratum V2?

This is not an issue in my opinion. Pools does not represent a single entity. They are composed by a lot of miners, right?

Miners recognize

It’s a concern

Yeah this feels like a problem in need of solving. Haven’t read up on Sv2 in a while, but it at least helps with this correct?

🤙🧡

Is it a coincidence that since miners have literally had their income sliced in half, this chart surfaces

💯 .. and neither of those jurisdictions with concentrated mining pools are good actors from a Bitcoin perspective

As it should. Mining will become more centralized and will be mostly state owned, unless some mircle happens.

Next stop is how bitcoin get capture by middlemen. https://void.cat/d/7V3y78g6GkLf7RA7XKH3vF.webp

You actually mean this much bigger KYC'd pools https://m.primal.net/HzeV.jpg https://m.primal.net/HzeW.jpg

No incentive for a miner

This is quite bullish, frankly; if SoftWar plays out, we will have healthy competition that supports the protocol.

Block selection needs decentralising to the hashers.