I’ve been mining on my own node for the past month using rented hashpower from Braiins and directing it to Ocean with around 2 PH/s. I was fully prepared to lose a bit while supporting decentralization, but funnily I actually ended up making around $50. To all the power seekers in Bitcoin: the plebs are coming. And on top of that, we’re even making money while doing it.

Another day, and once again more reasons not to blindly trust Bitcoin Core.

For Saylor, it’s grow or lose. If he can’t continue accumulating more Bitcoin, then why should somebody hold his stock?

Actually, the fact that mining pools are so large may make it easier to carry out a UASF in practice. If around 30% of the hashrate is controlled by a single pool, then even a relatively small shift can change the dynamics very quickly. For example, if at the beginning 20% of the hashrate is mining on the BIP110 side and Foundry mines two blocks in a row on the opposing chain, then Antpool switching its 30% to the BIP110 side could suddenly push the situation close to 50/50. At that point, Foundry would face a real risk that the blocks it just mined could become invalid on the chain that eventually wins. Because miners are economically incentivized to avoid that risk, large pools may switch sides faster than many people expect. So ironically, mining centralization may actually make a UASF easier to activate, because only a few large pools need to change behavior for pressure on the rest of the network to increase dramatically.