It's just a pool though. If they become too big or start playing weird games, lots of big players will switch to other pools. We've seen this before.
Why would 40% of the hash choose to KYC tho, why the sudden surge?
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Bitcoin MINING IS OVER.
It is controlled and will be routed into publicly listed American companies.
Chinese are fighting against it, but the usa legal system fixing that…
In the industry we call this: NORMALIZATION