Morning Edition · Thursday, July 9, 2026
Bitcoin Mining Splits Into Two Tiers as Hashrate Concentrates in the Largest Pools
Post-halving margin compression and rising difficulty are squeezing smaller operators, sharpening questions about how decentralized the network's block production really is.

The Bitcoin mining industry has divided into a two-tier market, with hashrate consolidating among the largest pools while smaller miners absorb the pressure, according to a CryptoSlate analysis. The report attributes the shift to conditions…
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Decentralization Becomes Measurable, Not Asserted
Scrutiny of the gap between decentralization claims and on-chain measurement keeps intensifying, pushing the industry toward verifiable metrics that separate genuinely distributed networks from concentrated systems using the vocabulary of public infrastructure.
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