🚨 Major Bitcoin Mining Pools Unite to Develop Stratum V2 Standard ⛏️
Seven leading Bitcoin mining pools have formed the Stratum V2 working group to create a new open standard for communication between mining pools and individual miners.
Key Goals:
• Improve efficiency and security in the mining process
• Give miners more control and better transparency
• Reduce reliance on centralized pool infrastructure
Current Mining Landscape:
• Foundry dominates with nearly 30% of global hashrate
• AntPool holds approximately 17.7%
• Upcoming difficulty adjustment in May: Expected to rise from 132.47 T to 135.64 T
• CoinShares reports that up to 20% of Bitcoin miners are currently operating at a loss
This collaborative effort on Stratum V2 could mark an important step toward decentralizing and modernizing Bitcoin mining infrastructure.
Bullish for Bitcoin mining decentralization or just another industry upgrade? Drop your thoughts 👇
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