Apologies if this is a topic which has already been extensively discussed, but does it not disturb anyone that in the last week ~55% of network hashrate has been shared between 2 pools? Maybe my judgement is incorrect but it seems like a disaster just waiting to happen. Is moving towards more asic resistant algorithms something which has been considering or is feesable?
It seems in the last couple of years mining has had a pretty dramatic shift into the hands of larger cooperations and governments.
Are my worries justified?
pseudospace.
It's very bad that only commercial giants are able to mine bitcoins and also commercial giants are able to hold the biggest bitcoin reserves and own the top exchanges. I feel like Bitcoin is getting super centralized.
It's very bad that two giant pool owns more than 51% of bitcoin hashrate but it's no different from distributing it over 10 puppet pools. Also, Chinese and US pools share almost the whole market.
Chinese pools: AntPool, ViaBTC, F2Pool.
American Pools: Foundry USA, Mara Pool.
Question there is why so many much smaller miners use Antpoo? Frankly, for small miners their payout scale suxs...
Doesn't make sense, especially, if we keep in mind that these pools don't share collected transaction fees with miners and they are getting huge reward in tx fees. Doesn't really make any sense to join AntPool, they are also asking for KYC as far as I know.