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In this video, I discuss the Chinese mining pool Poolin’s liquidity problems and what this means for Bitcoin and the Bitcoin mining ecosystem.
Mining pools are simply a way for many ASICs to mine together and share in the rewards. It’s very easy for an ASIC (Bitcoin mining machine) to point its hash to a new pool on a moment’s notice.
By contrast, ETH validator pools are much more sticky and prone to regulatory or political capture.
Poolin’s liquidity troubles are only a problem for those who are owed BTC by them. It is not a problem for Bitcoin itself.
Bitcoin miners are already pointing their hash to different mining pools, and Poolin’s share of the overall hash rate is plummeting.
Bitcoin is robust, anti-fragile, and built to both withstand nation-state level attacks and to heal itself when necessary.
Not investment advice! Consult a financial advisor.
Bitcoin Miners Ditch Ghash.io Pool Over Fears of 51% Attack:
Poolin mining pool in trouble:
Poolin’s share of hash rate over time:
Poolin was doing DeFi farming:
Slush Pool:
Ethereum validator concentration:
Will Coinbase Censor Ethereum?
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โถ Coinbase Website: Coinbase.com
โถ CEX Website: cex.io
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