AntPool Mines 7 Consecutive Blocks, Igniting Centralization Concerns

AntPool, the second-largest Bitcoin (BTC) mining pool, mined seven consecutive blocks on May 17, raising alarms about potential network centralization and security issues within the cryptocurrency community.



During this mining spree, AntPool confirmed 20,686 transactions, generating over 23 BTC, valued at approximately $1.54 million in revenue. This event spanned one hour and 38 minutes, covering block heights 843,898 to 843,904. Data from mempool.space indicates that AntPool accrued 1.283 BTC in fees and 21.875 BTC from block subsidies.



Foundry USA, the largest Bitcoin mining pool, mined the block preceding this sequence and the two blocks following it. Currently, AntPool accounts for 25.48% of all blocks mined in the past week, while Foundry USA commands 31.12% of the network’s hashrate. Combined, these two pools dominate 56.6%


First found on: Cryptonews from Coinatory