← Narratives
NEUTRAL STABLE BTC

BTC Mining Pool Hashrate Concentration

The concentration of hashrate among a few pools remains a concern despite the adoption of Stratum V2.

ARTICLES1
SOURCES1
SHARE0.0%
MOMENTUM 0pp
FIRST SEENMay 11, 2026
LAST SEENMay 11, 2026
→ TRAJECTORY Quiet

Too little corroboration in the last 3 days to call a trend (1 article). Watching for it to gain traction.

COVERAGE OVER TIME
0.0%7.5%15.0% May 11May 19May 27Jun 4Jun 12Jun 20Jun 28Jul 6
COVERAGE MIX
Niche 1
RELATED THEMES

Themes moving alongside this one — where the same story is bleeding across assets, and where it's contested.

≈ RELATED Stratum V2 Mining Decentralization BULLISH BTC ≈ RELATED The resilience of the network hashrate is due to efficiency upgrades, masking the broader financial stress in the mining sector. NEUTRAL BTC ≈ RELATED Mining Pool FPPS Solvency Strain NEUTRAL BTC ≈ RELATED BTC Mining Pool Centralization Risk BEARISH BTC
SOURCE EVIDENCE

"Stratum V2 does not change hashrate concentration, but it does change who decides what goes into each block, which is the part the Bitcoin community actually worries about."

CoinDesk crypto_media Source article