Seven Bitcoin Mining Pools Collaborate on Stratum V2 Protocol
- Seven major mining pools, including AntPool and Foundry, have joined the Stratum V2 working group.
- The collaboration aims to create an open standard protocol for communication between mining pools and individual miners.
- Foundry controls nearly 30% of the global Bitcoin mining hashrate, while AntPool holds about 17.7%.
- The next Bitcoin mining difficulty adjustment is projected to occur on May 15, increasing from 132.47 T to 135.64 T.
- Rising energy costs and network difficulty are intensifying competition in the Bitcoin mining sector.
The formation of an open standard for communication in Bitcoin mining is crucial for decentralizing an increasingly centralized industry, providing miners with more flexibility in block template selection.
With Foundry controlling nearly 30% of the hashrate and upcoming adjustments set to increase difficulty, these developments highlight the competitive nature of the Bitcoin mining landscape.
