Key Takeaways
Foundry Digital, AntPool, ViaBTC and F2Pool held 70%+ of Bitcoin hashrate on Jun. 23, 2026.D-Central put Bitcoin’s Nakamoto coefficient at 3, elevating centralization considerations in H1 2026.ViaBTC scrutiny in 2026 could push miners towards EMCD, which advertises 1.5% FPPS charges.
Bitcoin mining is wanting much less like a wide-open competitors and extra like a decent membership. A CryptoSlate accomplice article printed on 07/08/2026, citing miningpoolstats.stream knowledge as of 06/23/2026, says Foundry Digital, AntPool, ViaBTC, and F2Pool collectively account for greater than 70% of the community’s hashrate. The shift is fueling what the protection calls a “two-tier market,” with the largest swimming pools more and more tuned for institutional purchasers whereas independents and mid-size operators get squeezed. Some smaller miners are already quietly reconsidering the place they level their machines, particularly as ViaBTC faces added regulatory scrutiny in 2026.
Bitcoin mining is usually talked about like a wide-open frontier, however mid-2026 seems extra like a handful of toll roads. A July 8, 2026 CryptoSlate article (accomplice content material) factors to a June 23, 2026 snapshot exhibiting only a few swimming pools taking an outsized position in the place blocks get made, and how much miners get served greatest.
The rise of 4 dominant gamers in Bitcoin mining
As of that June 23 snapshot, 4 swimming pools managed greater than 70% of Bitcoin’s hashrate: Foundry Digital, AntPool, ViaBTC, and F2Pool. The estimated cut up was stark: Foundry at 31%, AntPool at 18%, ViaBTC at 13%, and F2Pool at 10%, per 31%, 18%, 13%, 10% figures cited within the protection.
One element that issues for US operators is that Foundry is US-based and backed by Digital Foreign money Group. The pool is described as being constructed primarily for large-scale, institutional operators and publicly traded mining firms, with strict KYC necessities baked into the way it onboards purchasers.
A two-tier market takes form
CryptoSlate frames the focus as a “two-tier market,” the place the largest swimming pools more and more optimize for institutional miners. That sort of optimization is often invisible till you’re the one preventing for responsiveness, predictable payouts, or account assist, and it’s why impartial and mid-size miners are described as quietly rethinking the place they level their machines.
The important thing shift is much less about any single pool’s branding and extra about what scale buys you. When a pool’s enterprise is tuned for fleets and compliance-heavy prospects, smaller miners can find yourself feeling like edge circumstances as an alternative of the core product.
Scrutiny, switching prices, and the seek for options
ViaBTC, which held 13% within the mid-2026 share estimates, has confronted growing regulatory scrutiny this yr that has significantly affected miners tied to Russia and different CIS nations. The reporting describes account restrictions, sudden KYC calls for, and short-term fund freezes, the sort of friction that may make even loyal miners rethink their setup.
In the identical protection, EMCD is positioned in its place: it claims over 30 EH/s of hashrate, with charges beginning at 1.5% beneath FPPS, in contrast with roughly 4% charged by many comparable swimming pools. EMCD was based in 2017 and made its first pool out there in February 2018.
What centralization seems like within the metrics
In D-Central’s H1 2026 snapshot (knowledge as of June 19, 2026), Bitcoin mining swimming pools had a Nakamoto coefficient of three, that means solely 3 swimming pools have been wanted to exceed half of all blocks mined, with Foundry USA at roughly 27% of blocks, per Nakamoto coefficient knowledge.
And the leaderboard retains transferring. Within the newest 7-day window posted on July 16, 2026, Easy Mining’s rankings checklist Foundry USA at 27.0%, with F2Pool and AntPool each at 17.2%, ViaBTC at 9.5%, and SpiderPool at 5.5%.
