In the last 24 hours, Foundry + Antpool have a 60% share of the hashrate. Worrying.

Small miners getting squeezed out. Next difficulty adjustment in less than 3 days is estimated to be -5.76% lower than the current hashrate. Lowest in ~5 months.

Difference between then and now is miners are making half the revenue due to the halving that occured mid April.

Since there is now less revenue to continue operations for small miners. We’re seeing hashrate centralization happening in real time. Bitcoins price needs to shoot up for small miners to stay alive.

At this pace mining will be an activity exclusive to Nations and Corporations. Not much different to our current financial system.

49+% of the hashrate is needed to censor transactions. There are examples of miners already having done so with it taking weeks until people realized. Why aren’t more people talking about this risk?

https://www.coindesk.com/tech/2023/11/22/bitcoins-anti-censorship-ethos-surfaces-after-mining-pool-f2pool-acknowledges-filter/