AntPool's Streak of 7 Consecutive Blocks Sparks Centralization Fears in Bitcoin Mining
AntPool Mines 7 Consecutive Blocks
On May 17, AntPool mined seven consecutive blocks between block heights 843,893 and 843,904 in one hour and thirty-eight minutes.
During this period, the mining pool confirmed over 20,000 transactions and earned 23 BTC – 21.875 BTC in mining rewards and 1.283 BTC in fees.
Mining Pool Dominance and Concerns
This streak underscores the centralization concerns related to dominant pools like AntPool and Foundry USA. These pools' control over the network's hashrate raises significant concerns about decentralization.
Risks of Centralization
Luke Dashjr and TOBTC have warned about the risks of centralization by large mining pools, highlighting the threats to Bitcoin's decentralized nature and trustlessness.
Regulatory and Economic Pressures
The economic barriers for smaller miners, along with regulatory pressures on Bitcoin miners, are further intensifying the challenges in the ecosystem.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.