evanbaer on Nostr: The pools are proxying their hashrate to the biggest players (Ant, Foundry) due to ...
The pools are proxying their hashrate to the biggest players (Ant, Foundry) due to FPPS.
For the smaller pools, paying out FPPS hashprice during a dry spell requires a large bankroll. Hard to get that when you're just earning a 2% pool fee.
I also suspect fee variation due to ordinals/brc-20 etc - where big players get an outsize % of high fee blocks - may play a role.
The current incentives all point to majority hashrate at either Ant or Foundry. That is scary.
For the smaller pools, paying out FPPS hashprice during a dry spell requires a large bankroll. Hard to get that when you're just earning a 2% pool fee.
I also suspect fee variation due to ordinals/brc-20 etc - where big players get an outsize % of high fee blocks - may play a role.
The current incentives all point to majority hashrate at either Ant or Foundry. That is scary.