Foundry USA has mined of all BTC blocks this week.

Owning ~33% of the current network's hashrate on Bitcoin.

This is extremely concerning, as Foundry's share increases overtime, miners are more incentivised to plug their machines there — for more revenue predictability.

Might get to a point of no return, if we are not there yet… Bitcoin network trends towards centralization as we speak.

Apr 23, 2023
at
2:35 PM