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Bitcoin Centralization: Two Pools Mined 56% of Blocks in 3 Years
Bitcoin is considered a decentralized cryptocurrency, but the data suggests otherwise.
Over the past three years, two mining pools – Foundry USA and AntPool – have mined 56.37% of all BTC blocks.
▪️Foundry USA – 46,076 blocks (28.72%)
▪️AntPool – 34,365 blocks (21.42%)
The overall result is 90,441 blocks out of 160,432.
Such a concentration of power raises questions among experts about the centralization of the network.