Bitcoin Controlled By Two Mining Pools?

𝗚𝗲𝘁 𝗧𝗵𝗲 𝗨𝗹𝘁𝗶𝗺𝗮𝘁𝗲 𝗚𝘂𝗶𝗱𝗲 𝗧𝗼 𝗕𝗶𝘁𝗰𝗼𝗶𝗻:
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In this video, I dispel the FUD surrounding the concentration of Bitcoin mining pools.

Bitcoin mining pools are nothing more than node services that exist in cyberspace. They do not custody the actual Bitcoin mining machines (ASICs), which are free to come and go as they please.

If a Bitcoin mining pool does something shady, people will point their ASICs to a different mining pool, as happened with Poolin in 2022.

Actual concentration and custody does exist in Ethereum staking pools, and has led to OFAC censorship at the protocol level.

Not investment advice! Consult a financial advisor.

The centralization of Bitcoin: Behind the two mining pools controlling 51% of the global hash rate:
https://cryptoslate.com/behind-the-tw...

Bitcoin mining pools pie charts:
https://www.blockchain.com/explorer/c...
https://btc.com/stats/pool?pool_mode=...

Top Bitcoin Mining Pool Freezes Withdrawals Due to Liquidity Issues:
https://decrypt.co/109093/top-bitcoin...

Bitcoin Mining Pool In Trouble:
https://www.youtube.com/watch?v=HJ6aY...

Michael Saylor's map of Bitcoin ASICs:
https://twitter.com/saylor/status/157...

Ethereum staking pool distribution:
https://beaconcha.in/pools

Active OFAC censorship on Ethereum:
https://www.mevwatch.info/

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#bitcoin
#bitcoinmining
#ethereum

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