(Not here to spread FUD — just real talk from someone holding Bitcoin for 8+ years! 🧠)
🏛️ Bitcoin’s Decentralization: Is It an Illusion?
We all love Bitcoin’s decentralized power, right? But here’s the truth…
It’s not about who holds BTC — it’s about who controls the computing power (hashrate).
If a single group controls 51%+ of Bitcoin’s hashrate, the network’s security and decentralization are at serious risk.
(Yes, 51% attacks are real threats!)
🛠️ How We Know This?
Every mined block starts with a Coinbase transaction — basically the miner’s signature.
Example:
🔹 Antpool uses the tag /AntPool/
Tracking these tags shows who mined what, and the results are… alarming.
✅ Top 5 mining pools = over 80% of Bitcoin’s total hashrate!
📈 Mining Centralization: Worse Than You Think
Using the Mining Centralization Index, we can measure hashrate concentration over time.
Bitcoin was more decentralized back in 2017-2022.
Since 2023, centralization has skyrocketed — especially as Bitcoin ETFs started rolling out (coincidence? Probably not.)
AND it gets worse:
Some smaller pools are just proxy pools for the big ones.
➡️ Example: Antpool officially holds 20% but with proxies, it’s closer to 30%!
When you add all proxies together:
🔥 Top 6 pools = control 96% of Bitcoin’s hashrate! 🔥
🌍 Who’s Controlling Bitcoin?
Among the Top 5 pools:
🇺🇸 USA: Foundry, MARA Pool ➡️ 40%+
🇨🇳 China: Antpool, ViaBTC, F2Pool ➡️ 55%
Meaning:
Just 5 pools from 2 countries control almost all of Bitcoin.
Scary when you think about the political pressure that could be applied… ⚖️
⚠️ Real-World Signs of Trouble
In Dec 2024, F2Pool censored a transaction.
Bitcoin core dev Peter Todd warns that censorship may become more common.
Even if today’s mining giants are friendly — governments can change the game anytime.
🛡️ How We Fight Back:
✅ Support smaller mining pools
✅ Encourage large miners to go solo
✅ Redirect hashrate to decentralized pools
✅ Home mining — even small setups help!
🧠 Stay aware. Stay decentralized.
Bitcoin’s strength is US — the people behind the network!
#Bitcoin #BinanceHODLerSIGN #TariffPause #BinanceAlphaAlert #dinnerwithtrump 
