7 major Bitcoin mining pools join Stratum V2, working group
Individual miners in Bitcoin mining pools must rely on block templates provided by the mining pool operator....
Key takeaways
- 1Seven major Bitcoin mining pools joined Stratum V2 working group to develop open standard protocol for pool-miner communication.
- 2Foundry controls 30% and AntPool controls 17.7% of global Bitcoin mining hashrate as largest pools.
- 3Up to 20% of Bitcoin miners are unprofitable; hashprice fell to $36-$38/Petahash-seconds, near breakeven levels.
Coins in this story
Why it matters
Open standard protocol reduces mining pool centralization and gives individual miners more control over block templates, addressing growing industry concentration. Rising mining difficulty and unprofitability squeeze Indian retail miners already facing high energy costs and competitive pressure.
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