With the fourth Bitcoin halving happening just last Friday, a lot of discussion has been happening on the state of the Bitcoin miners. While big players with deep pockets continue to invest in new mining equipment, small players get crushed as rewards drop by 50%. On the other hand, the Bitcoin Ordinals founder also exposed the state of decentralized mining that looks broken as of now.
Antpool Proxies Dominate Decentralized Mining
Casey, the founder of Bitcoin Ordinals, underscores Bitcoin’s fundamental value proposition, emphasizing its reliance on censorship resistance, achievable through decentralized miners vying to create blocks.
Expressing concerns over the current state of Bitcoin mining decentralization, Casey highlights a disheartening scenario. He notes that numerous major pools, once believed to operate independently, now appear to function as proxies for AntPool, adopting similar trasaction selection policies.
As we know, the Bitcoin mining industry is concentrated among
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