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On-chain · Mining · 2026

Pool labels are imperfect — but directionally informative

Hashrate keeps climbing because silicon and energy markets reward scale. The policy question is whether block template construction concentrates among a handful of coordinators.

On-chain

Why “top 3 = 66%” scares people

If a small set of pools reliably produces templates, regulatory pressure or selfish mining dynamics could affect transaction inclusion. Bitcoin’s mitigation history includes Stratum v2, solo mining culture, and geographic distribution — none are perfect.

Don’t confuse pools with single owners

Pools aggregate independent miners. A pool’s brand is not a monolith; hashrate can leave after policy changes. Track actual block builders where data allows.

Links to fees and mempool politics

When mempools are full, template policies decide which transactions confirm first — another reason Bitcoin users should run nodes and understand relay norms.

Compare with miner economics after halving.
Educational content only. Not financial advice.