Binance Square

DecentralizeBitcoin

440 views
1 Discussing
Bio Bhaiya
--
⚠️ Bitcoin’s Centralization Crisis! ⚠️ Not spreading FUD—but every $BTC holder must know this. I've held Bitcoin for 8+ years, and I still believe in it. But I just uncovered a major threat: The network isn’t as decentralized as we thought. What’s the risk? Bitcoin’s strength = decentralization. But over 80% of hashrate is controlled by just 5 mining pools. That’s dangerously close to the 51% attack threshold. Who controls the hashrate? US: Foundry, MARA Pool 🇺🇸 China: Antpool, ViaBTC, F2Pool 🇨🇳 Together, they dominate 90%+ of the network. Even worse: Proxy pools make it look less centralized than it really is. E.g., Antpool appears to have ~20%, but with proxies, it’s closer to 30%+. Why it matters: Governments can pressure these pools. Bitcoin’s censorship resistance is at risk. But there’s hope! Here’s how we fight back: ✅ Support smaller pools ✅ Promote solo/home mining ✅ Shift hashrate to decentralized networks Let’s keep Bitcoin free, open & decentralized. #BTCvsMarkets #DecentralizeBitcoin
⚠️ Bitcoin’s Centralization Crisis! ⚠️
Not spreading FUD—but every $BTC holder must know this.

I've held Bitcoin for 8+ years, and I still believe in it. But I just uncovered a major threat:
The network isn’t as decentralized as we thought.

What’s the risk?
Bitcoin’s strength = decentralization. But over 80% of hashrate is controlled by just 5 mining pools.
That’s dangerously close to the 51% attack threshold.

Who controls the hashrate?

US: Foundry, MARA Pool 🇺🇸

China: Antpool, ViaBTC, F2Pool 🇨🇳
Together, they dominate 90%+ of the network.

Even worse: Proxy pools make it look less centralized than it really is.
E.g., Antpool appears to have ~20%, but with proxies, it’s closer to 30%+.

Why it matters:
Governments can pressure these pools. Bitcoin’s censorship resistance is at risk.

But there’s hope!
Here’s how we fight back:
✅ Support smaller pools
✅ Promote solo/home mining
✅ Shift hashrate to decentralized networks

Let’s keep Bitcoin free, open & decentralized.
#BTCvsMarkets #DecentralizeBitcoin
Login to explore more contents
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number