😱 Shocking! The hidden flaws of Bitcoin may destroy everything! 🚨🔥

Due to the concentration of computing power, the claimed decentralized nature of Bitcoin is under threat. Over 80% of Bitcoin's hash rate is controlled by just five mining pools, with Antpool (including proxies) controlling up to 30% of the computing power. The mining concentration index shows that 85%-96% of the hash rate is controlled by the top six mining pools, which has shown a significant upward trend since 2023, coinciding with the growth of Bitcoin ETFs.

This centralization faces the risk of a 51% attack, thereby compromising the security of Bitcoin. The United States (Foundry, MARA Pool) controls 40% of the computing power, while China (Antpool, ViaBTC, F2Pool) controls 55%. The F2Pool incident in 2024 raised concerns about censorship, hinting at regulatory pressure.

Solutions include supporting smaller mining pools, promoting solo mining, redirecting hash rate to decentralized mining pools, and encouraging home mining to restore Bitcoin's decentralized vision.