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The Polylog Crypto Intelligence Brief

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.

Bitcoin Mining Splits Into Two Tiers as Hashrate Concentrates in the Largest Pools

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.