Bitcoin Pool Foundry Hits Record 8-Block Streak, Raising Centralization Concerns

Foundry USA, a significant bitcoin mining pool, achieved an unprecedented feat by producing eight consecutive blocks. This streak, while not unprecedented in itself, highlights the power and concentration of large pools within the Bitcoin network. The sheer size of Foundry USA, controlling around 36% of the network’s hashrate, made this accomplishment even more notable. While still statistically probable, this type of run raises concerns about centralization in the Bitcoin ecosystem.