Bitcoin mining pool that fights centralization

On March 18, 2024, the DMND platform launched Demand Pool, a Bitcoin mining pool (BTC) based on the Stratum V2 (SV2) protocol, taking advantage of the SV2 tools to promote decentralization in mining of that cryptoactive.

Mining Pools are collaborative platforms that group the computational power of miners to process blocks in the Bitcoin network. Demand Pool, using a Stratum V2 subprotocol known as «Work Negotiation» («job negotiation» In Inlgés), it allows miners to select their own block templates, giving them greater control over transactions that include in the blocks.

In Bitcoin mining, a template (or «block template») it’s a proposed transactions set that miners try to include in the following network block.

Demand Pool bets on a more decentralized bitcoin network

Decentralization in Bitcoin mining is not a guarantee inherent in the SV2 protocol, but a result of How mining pools choose to use their tools and of the adoption they have among the miners. S

V2 does not decentralize the network on its own: it is a technical infrastructure that offers advanced options, such as the work negotiation subprotocol. However, the activation and effective use of these capacities depend on operational decisions of each pool.

In traditional systems with Stratum V1, Pools operators control block templates, defining which transactions include and centralizing decision power.

Stratum V2, launched in 2022, introduces an alternative by incorporating tools that can empower miners, but their decentralizing impact It is not automatic. For example, a pool that SV2 adopts could choose not to implement work negotiation, keeping a centralized model where miners continue to receive predefined templates.

In contrast, a pool like demand pool, which bases its proposal on SV2, enable that functionality by default For miners to build their own transaction lists, thus reducing the dependence of a central operator.

This distinction highlights that decentralization is an objective that requires both adequate infrastructure as an intentional implementation. The benefits associated with SV2, as greater autonomy, optimization of censorship processing and resistance, only materialize if the pool prioritizes them and if the miners actively adopt these options.

Thus, the true decentralization in Bitcoin mining does not fall solely on the protocol, but how its tools are used and in the commitment of the actors involved to distribute control on the network.

In that sense, Alejandro de la Torre, co -founder and CEO of Demand Pool, said that this approach aims to strengthen the transparency and autonomy of the miners in the network.

«The Bitcoin mining industry has a key problem that I have identified throughout my 10 -year career: the centralization of mining pools. SV2 will help decentralize Bitcoin mining by allowing miners to build their own blocks.»

Alejandro de la Torre, co -founder and CEO of Demand Pool.

Subscription conditions to Demand Pool

Demand Pool made its launch with a rate of the 0% during the first two months. In operational terms, this platform uses a payment system called Slice, an optimized version of the method «Pplns « (“Pay Per Last N Shares”), as detailed by its official site. This mechanism suggests rewards distributed transparently and auditableeliminating hidden rates that usually affect miners in other pools.

Payments are processed daily, and the minimum withdrawal limit is set at 0.001 BTC, an accessible threshold for miners of different levels. In addition, the pool incorporates end -to -end encryption to protect users hashrate and prevent kidnapping attempts, a threat known in the mining industry.

Four Pools operate 75% of the total hashrate that these platforms contribute

The relevance of initiatives such as Demand Pool becomes evident when analyzing the HASHRATE CURRENT DISTRIBUTION In the Bitcoin Network. Today, about 75% of the computational power contributed by mining pools is controlled by only four entities.

According to Mempool data, Foundry USA has a computational power equivalent to 31.12%, Antpool, 21.31%, Viaabtc, 13.68% and F2Pool contributes 9.32% of the total added among all Bitcoin pools.

This concentration raises questions about Bitcoin’s decentralization, since a handful of actors could influence key decisions, such as block validation or transaction selection.

In this scenario, Pools such as Demand Pool and Ocean, the latter with its Datum protocol, emerge as alternatives that seek to diversify the control of the hash. reinforce the foundational principles of Bitcoin. With his commitment to transparency and autonomy, Demand Pool is positioned as an actor to continue in the mining ecosystem.