On Wednesday, crypto analyst Chris Blec highlighted that Bitcoin’s two major mining pools now control over half of the network’s total hashrate. Blec posits this dominance could transform bitcoin mining into an industry adhering to regulatory standards, with all miners required to follow Know Your Customer (KYC) guidelines.
Control Over Bitcoin’s Hashrate Is a Nuanced Topic
Currently, Antpool leads with a 30% share of Bitcoin’s total hashrate, closely followed by Foundry USA, which holds 26%. Together, these pools exert a 56% influence over the network’s 468 exahash per second (EH/s) hashrate. Chris Blec, a noted figure in the crypto research community, voiced his concerns on the social media platform X this Wednesday. Emphasizing the gravity of the situation, Blec stated, “It’s important,” and assured that his disclosure is a reflection of reality, not FUD (Fear, Uncertainty, and Doubt).
“The [two] largest bitcoin mining pools, together controlling over 50% of hashra
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