Question there is why so many much smaller miners use Antpoo? Frankly, for small miners their payout scale suxs...
Yeah I'm kind of lost on what the appeal is, guessing it's simply a case of people going with the most well known option, without full knowledge of the impact their decision is having on the network. Kind of raises questions about the barrier of entry for mining being too low for those with large amounts of money to spend, but lack fundamental knowledge of how Bitcoin works.
Another thought, miners also like predictable earnings, and this what larger pools can offer, yes the earning share is smaller due the number of participants in the pool but the predictability is the key. If I were to invest in hardware I would need to have some reassurance of expected earnings to at least to a some degree. Larger pools are more likely to mine block than smaller pools and hence the reward is sure even if its smaller.
This is unfortunate behavior as it does not aid into decentralization. Smaller/new pools need to issue incentives as already mentioned above. Eg. OCEAN now have zero fee for all miners. Whether it will help I'm not sure. OCEAN so far in dec 2023 found only two blocks: 819489 819242. The good thing is that there is a larger share for any participant however, as mentioned is seems unpredictable.
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