BTC Mining Centralization: 6 Pools Get 95% of Hashrate
Bitcoin mining don dey centralize waka well well for 2025, as top six pools dey hold 95% of network hashrate. Foundry dey lead with 30%, na im next be “AntPool & friends” wey get like 40% when you add proxy mining pools join. ViaBTC, F2Pool, and MARA Pool get 14.5%, 10%, and 5% respectively. This kain concentration make dem create Mining Centralization Index to measure how big pool dem dey control. Proxy mining pools wey join AntPool dey hide how network centralize truly be. Small small pools like Poolin, Binance Pool, and CloverPool dey use almost same block templates, wey make decentralization wey dey based on coinbase tags dey big pass as e be. When dem join together, “AntPool & friends” fit stand equal to Foundry for the new index. This trend for Bitcoin mining centralization dey worry people about censorship resistance and 51% attack chance. One pool wey get 40% hashrate fit get 50% chance to win six blocks in a row. To balance am, e good to support small pools like Ocean and DEMAND, plus make more independent mining dey run to help network stability strong.
Bearish
The clear centralization of Bitcoin mining for 2025 dey show say network concentration risks dey increase. For history, times wey mining centralization spike—like how GHash.io take control for 2014—dey make community worry about censorship and 51% attacks, wey con dey make market spirit low. Even though price fit stay stable now as miners dey rebalance, the ongoing control wey Foundry and AntPool plus their friends get dey weaken decentralization, wey go increase system wahala. For short term, traders fit carry neutral mind since network people go dey check how to diversify. But for long term, constant centralization fit make people lose confidence for Bitcoin’s main principles, wey go put bearish pressure on market value.