Quote from: stompix on November 23, 2023, 04:53:36 PM

Quote from: Lucius on November 23, 2023, 04:20:50 PM

Although this is bad news, MARA AND F2Pool currently have about a 15% share of all mined blocks.

But there is also Foundry with 27% and that one is a closed pool with only big guys in the US mining, mainly companies listed on the stock exchange, and those will need just a hint or an email from the ones overseeing these and they will start censoring too, the percentage of those transactions is so small it won't even make a tiny dent in their revenue.
What I'm grabbing my popcorn for is the moment they stop with the backlisting and start with the reverse thing, whitelisted addresses only in their blocks, so unless you do KYC with every single one of them wit all your addresses you might have to think of solo mining . And it's going to happen, I'm 99% sure they are already thinking of it but are just testing the waters for a while with smaller measure for a while, then, some will have a shock realizing how little decentralization we have in this aspect.

Those who want to centralize Bitcoin will always look for a way to do it in some way, and it is obvious that large mining pools will be their main target through which they will be able to control transactions to some extent. What is definitely worrying is that more than 50% of all these mining pools are located in the US and China, and both countries actually have the same goal, only with the difference that the Chinese authorities do it without asking anyone for their opinion, while the authorities in the US still have to be much more careful if they don't want someone to accuse them of using communist methods.

We definitely need more decentralization when it comes to mining, but unfortunately it's just a good deal for most (right now), and if a better opportunity came along, they'd all dump Bitcoin overnight. Most miners do it only for profit, not because they support Bitcoin as a decentralized currency.