Vini Barbosa on Substack: "The last 6 blocks on bitcoin were mined by a single pool: Foundry USA. Foundry is currently responsible for ~33% of the total hashrate and in the last ~60min collected fresh 39.91 BTC (>$1M USD). More on the dominant mining pool ↓ https://substack.com/profile/105498158-vini-b…"

The last 6 blocks on bitcoin were mined by a single pool: Foundry USA.

Foundry is currently responsible for ~33% of the total hashrate and in the last ~60min collected fresh 39.91 BTC (>$1M USD).

More on the dominant mining pool ↓

substack.com/profile/10…

Vini Barbosa

Foundry USA has mined ⅓ 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.

8:17 PM

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Apr 26, 2023