Summary
TLDR: Bitcoin industry includes mining CEOs, exchange-traded funds, media operations, venture capitalists, and lobbyist groups. Mining pools bridge the gap between hobbyists and large operations. DEMAND Mining Pool aims to decentralize and empower miners. After the halving, there may be consolidation but also room for innovation and creative solutions in the mining industry.
Key Points
1. Bitcoin industry includes mining CEOs, ETFs, media operations, venture capitalists, and lobbyist groups, alongside hobbyists mining in garages and DIY farms.
2. Mining pools play a crucial role in bridging the gap between individual miners and large-scale operators, with a majority of bitcoin being mined by pools like AntPool, Foundry, and F2Pool.
3. Stratum v2 mining pools, like DEMAND co-founded by Alejandro de la Torre, aim to improve security, efficiency, and decentralization in bitcoin mining by allowing miners to build their own blocks, ultimately giving power back to the miners.