Bitcoin mining pools with 75% of BTC hashrate join open standard for block construction

CoinDesk3h agoUpdated 2h ago
Bitcoin mining pools with 75% of BTC hashrate join open standard for block construction
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Seven major Bitcoin mining pools controlling 75% of global hashrate—Foundry, AntPool, F2Pool, SpiderPool, MARA Pool, Block Inc, and DMND—have joined the Stratum V2 working group. The open-source protocol shifts block construction decisions from pool operators to individual miners, reducing centralization risks. This marks Bitcoin's biggest mining decentralization move in years amid tight operator economics and rising network difficulty.

Key takeaways

  • 1Seven major Bitcoin mining pools controlling 75% of global hashrate joined Stratum V2 protocol to shift block construction decisions from pool operators to individual miners.
  • 2Stratum V2 allows individual miners to choose transaction selection for new blocks, reducing centralization risks despite hashrate concentration remaining unchanged.
  • 3Up to 20% of Bitcoin miners currently operate unprofitably as network difficulty rises to 135.64T and hashprice sits near breakeven at $38.57 per petahash per day.

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Why it matters

This addresses long-standing Bitcoin decentralization concerns by redistributing transaction selection power away from centralized pool operators to individual miners, reducing censorship risks. For Indian retail investors, this signals improving Bitcoin network security and governance, potentially boosting confidence in BTC as a long-term asset amid mining sector consolidation.

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