Echoes of 2013: Bitcoin Mining Concentration Reaches Decade-High Levels

Echoes of 2013: Bitcoin Mining Concentration Reaches Decade-High Levels

In the past 72 hours, Antpool has dominated 26.48% of Bitcoin’s overall hashrate, closely followed by Foundry USA at 24.95%. Together, these two mining pools wield 51.43% of the prevailing 502 exahash per second (EH/s) total hashrate. This level of concentration in bitcoin mining pools has been unprecedented since 2013, reminiscent of the era when Ghash and Btc Guild were the leading forces in hashrate dominance.
Bitcoin Mining Power Shift: A Return to Dominance by Few Players
Years back, the focus among bitcoin advocates was heavily on the centralization of bitcoin (BTC) mining pools, a topic that sparked considerable debate. Nowadays, though some voices still raise concerns over miner centralization, these issues have largely faded into background noise.
For example, in the last three days, Antpool and Viabtc collectively generated 51.43% of Bitcoin’s entire hashrate, reigniting some discussions about this concentration. In 2023, the concentration of miners mirrors the situation

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