Does Foundry have too much Bitcoin hashrate?

Foundry Pool is nearing the 40% network hashrate mark–an uncomfortable margin for many Bitcoin enthusiasts.
 

While an attestation to the Foundry team’s ability to bootstrap, grow and sustain a mining pool within three years, the percentage needs to come down for a few reasons. Chief among them being the type of clients Foundry services: public miners.
 

Yes, miners can point their hashrate elsewhere if Foundry does something distasteful. Also yes alternative pools could bootstrap in the event of a censorship attack on Bitcoin.

But it’s key to remember its not necessarily about the possibility of Bitcoin ‘dying,’ but rather its social guarantees withering on the vine as public miners cater to Washington DC mandates.

Read the complete article here.

Bitcoin is for everyone.

Watch the story of Justin Rhederick, a former convict turned Bitcoin evangelist and educator. 

Watch the video here

CoinDesk / CoinShares Sees 2022 Income Plunge 97% to $3.6M

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CoinDesk / Bitmain Partner BitFuFu Starts Marketplace for Crypto Mining Rig Coupons

New data from Winter Storm Elliot in Texas shows the potential for Large Flexible Loads (LFLs), a category of energy consumer Bitcoin miners fall under. During peak demand, LFLs turned off, further reinforcing the hypthoesis of Bitcoin miners as 'energy reservoirs.'

Source: Lee Bratcher, ERCOT

Today we are joined by Brian Morgenstern, head of public policy at Riot Platforms. Brian recently joined Riot to advocate for the Bitcoin mining industry in Washington DC. We talk about the recent SEC crackdown on staking, operation choke point 2.0 and opportunities for policy makers.

*As of Tuesday, February 21