Subnostr

nostr:npub15c88nc8d44gsp4658dnfu5fahswzzu8gaxm5lkuwjud068swdqfspxssvx can you share your thoughts about this tweet from mononautical?:

A single custodian now controls the coinbase addresses of at least 9 pools, representing 47% of total hashrate.

As demonstrated by this consolidation of mining reward outputs from AntPool, F2Pool, Binance Pool, Braiins, btccom, SECPOOL and Poolin:

https://mempool.space/tx/b1dc9e09a97d0ac8ed57179c276dff19d484c1f74b96cd9af547107af4f18086

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Discussion

QnA 1y ago

I'm on holiday so will keep it brief. Any centralization = increased weakenss

Yes, they can change where coinbase payouts go quickly, but in an adversarial environment a single custodian could ve forced to make life very very difficult for a large proportion of the network. The third order effects of such a scenario could last for quite some time.

j'ai les clés 1y ago

Thanks. That’s what I thought. 😬

Hope you’re enjoying your holiday time off!